The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Urogen Pharma Ltd COM M96088105   902,316 81,510 SH   SOLE   81,510 0 0
Playa Hotels & Resorts NV SHS N70544106   3,586,424 269,150 SH   SOLE   269,150 0 0
Agnico Eagle Mines Ltd COM 008474108   4,349,133 40,123 SH   SOLE   40,123 0 0
Alcoa Corp COM 013872106   609,900 20,000 SH   SOLE   20,000 0 0
Andersons Inc COM 034164103   2,270,361 52,916 SH   SOLE   52,916 0 0
Bar Harbor Bankshares COM 066849100   1,406,737 47,686 SH   SOLE   36,333 0 11,353
Barrick Gold Corp COM 067901108   2,684,790 138,000 SH   SOLE   138,000 0 0
Blue Bird Corp COM 095306106   2,669,340 82,417 SH   SOLE   75,063 0 7,354
Brunswick Corp COM 117043109   2,202,288 40,900 SH   SOLE   35,400 0 5,500
Build-A-Bear Workshop Inc COM 120076104   28,519,305 765,911 SH   SOLE   671,911 0 94,000
CF Industries Holdings Inc COM 125269100   3,438,800 44,000 SH   SOLE   40,000 0 4,000
CVR Partners LP COM 126633205   3,804,992 50,633 SH   SOLE   43,633 0 7,000
Bunge Ltd COM SHS H11356104   1,703,208 22,286 SH   SOLE   22,286 0 0
Capital Bancorp Inc COM 139737100   1,760,798 62,241 SH   SOLE   62,241 0 0
Carriage Services Inc COM 143905107   7,147,721 184,101 SH   SOLE   184,101 0 0
Central Pacific Financial Corp COM NEW 154760409   1,219,088 45,118 SH   SOLE   45,118 0 0
Citizens Financial Group Inc COM 174610105   608,714 14,863 SH   SOLE   14,863 0 0
Citizens Financial Services Inc COM 174615104   937,313 16,054 SH   SOLE   16,054 0 0
Cleveland-Cliffs Inc COM 185899101   197,325 24,000 SH   SOLE   9,000 0 15,000
Columbia Banking System Inc COM 197236102   255,065 10,221 SH   SOLE   10,221 0 0
Coty Inc COM CL A 222070203   1,407,075 257,000 SH   SOLE   257,000 0 0
Crown Crafts Inc COM 228309100   1,445,598 396,326 SH   SOLE   297,153 0 99,173
DXP Enterprises Inc COM NEW 233377407   1,943,767 23,654 SH   SOLE   23,654 0 0
Deere & Co COM 244199105   5,870,120 12,500 SH   SOLE   11,000 0 1,500
Denison Mines Corp COM 248356107   2,454,282 1,887,909 SH   SOLE   1,887,909 0 0
Eastern Co COM 276317104   1,041,260 40,922 SH   SOLE   40,922 0 0
Epsilon Energy Ltd COM 294375209   1,032,930 146,411 SH   SOLE   146,411 0 0
Escalade Inc COM 296056104   1,209,950 78,529 SH   SOLE   73,529 0 5,000
Espey MFG and Electronics Corp COM 296650104   1,351,371 50,023 SH   SOLE   50,023 0 0
Everus Construction Group Inc COM 300426103   11,338,161 305,405 SH   SOLE   305,405 0 0
First Bancorp N C COM 318910106   232,370 5,789 SH   SOLE   0 0 5,789
First Business Financial Services Inc COM 319390100   3,516,835 74,640 SH   SOLE   69,740 0 4,900
Fortuna Mining Corp COM NEW 349942102   2,197,800 360,000 SH   SOLE   360,000 0 0
L.B. Foster Co COM 350060109   924,907 46,944 SH   SOLE   41,944 0 5,000
Friedman Industries Inc COM 358435105   6,310,239 419,816 SH   SOLE   408,127 0 11,689
Garrett Motion Inc COM 366505105   3,329,230 397,520 SH   SOLE   397,520 0 0
Gencor Industries Inc COM 368678108   1,768,668 146,222 SH   SOLE   125,222 0 21,000
German American Bancorp Inc COM 373865104   529,107 14,102 SH   SOLE   14,102 0 0
Graham Corp COM 384556106   2,456,195 84,916 SH   SOLE   84,916 0 0
Greenbrier Companies Inc COM 393657101   6,229,152 121,675 SH   SOLE   121,675 0 0
Group 1 Automotive Inc COM 398905109   7,975,127 20,900 SH   SOLE   20,900 0 0
Gulf Island Fabrication Inc COM 402307102   1,511,963 233,869 SH   SOLE   233,869 0 0
Hanmi Financial Corp COM NEW 410495204   1,625,866 71,703 SH   SOLE   71,703 0 0
Hawkins Inc COM 420261109   10,336,156 97,419 SH   SOLE   97,419 0 0
Hayward Holdings Inc COM 421298100   5,536,622 397,603 SH   SOLE   397,603 0 0
Hingham Institution For Savings COM 433323102   6,135,632 25,899 SH   SOLE   22,808 0 3,091
Hyster-Yale Materials Handling Inc CL A 449172105   1,550,709 37,335 SH   SOLE   37,335 0 0
Innovex International Inc COM 457651107   3,929,173 218,591 SH   SOLE   218,591 0 0
Johnson Outdoors Inc CL A 479167108   2,554,284 102,748 SH   SOLE   80,940 0 21,808
Kewaunee Scientific Corp COM 492854104   1,781,004 44,948 SH   SOLE   42,948 0 2,000
Kingstone Companies Inc COM 496719105   1,592,577 95,710 SH   SOLE   49,710 0 46,000
Vital Energy Inc COM 516806205   508,962 24,002 SH   SOLE   24,002 0 0
Lifeway Foods Inc COM 531914109   1,464,061 59,782 SH   SOLE   59,782 0 0
Limoneira Company COM 532746104   180,088 10,163 SH   SOLE   0 0 10,163
MarineMax Inc COM 567908108   3,562,894 165,549 SH   SOLE   143,628 0 21,921
Marine Products Corp COM 568427108   2,638,754 313,761 SH   SOLE   251,985 0 61,776
Martin Midstream Partners LP UNIT L P INT 573331105   1,192,468 335,434 SH   SOLE   335,434 0 0
Matrix Service Co COM 576853105   2,961,101 237,935 SH   SOLE   237,935 0 0
Medallion Financial Corp COM 583928106   904,332 103,545 SH   SOLE   81,845 0 21,700
Mercantile Bank Corp COM 587376104   3,099,449 71,290 SH   SOLE   58,042 0 13,248
Microsoft Corp COM 594918104   1,126,170 3,000 SH   SOLE   0 0 3,000
Morgan Stanley COM NEW 617446448   583,350 5,000 SH   SOLE   0 0 5,000
Murphy Usa Inc COM 626755102   19,876,040 42,261 SH   SOLE   40,761 0 1,500
Myers Industries Inc COM 628464109   557,868 46,745 SH   SOLE   40,045 0 6,700
NBT Bancorp Inc COM 628778102   215,916 5,033 SH   SOLE   0 0 5,033
NN Inc COM 629337106   929,166 410,228 SH   SOLE   410,228 0 0
Flagstar Financial Inc COM NEW 649445400   1,083,880 93,237 SH   SOLE   93,237 0 0
Northrim BanCorp Inc COM 666762109   6,969,442 94,983 SH   SOLE   86,983 0 8,000
Packaging Corp of America COM 695156109   455,446 2,300 SH   SOLE   0 0 2,300
Patrick Industries Inc COM 703343103   4,463,198 52,801 SH   SOLE   47,275 0 5,526
Peoples Bancorp of NC COM 710577107   584,598 21,461 SH   SOLE   0 0 21,461
Plumas Bancorp COM 729273102   7,182,754 164,818 SH   SOLE   130,971 0 33,847
Preferred Bank COM NEW 740367404   4,454,007 53,179 SH   SOLE   53,179 0 0
Sandy Spring Bancorp Inc COM 800363103   677,526 24,206 SH   SOLE   24,206 0 0
Scotts Miracle-Gro Co CL A 810186106   4,936,478 89,975 SH   SOLE   89,975 0 0
Seabridge Gold Inc COM 811916105   466,800 40,000 SH   SOLE   40,000 0 0
Southstate Corp COM 840441109   241,425 2,601 SH   SOLE   0 0 2,601
Southern First Bancshares Inc COM 842873101   415,639 12,591 SH   SOLE   10,891 0 1,700
Sterling Construction Company Inc COM 859241101   8,256,908 72,957 SH   SOLE   72,957 0 0
Strattec Security Corp COM 863111100   1,736,160 44,129 SH   SOLE   39,774 0 4,355
Superior Group of Companies Inc COM 868358102   695,960 63,540 SH   SOLE   41,636 0 21,904
Ascent Industries Co COM 871565107   2,511,376 197,824 SH   SOLE   197,824 0 0
Taylor Devices Inc COM 877163105   1,374,181 42,276 SH   SOLE   42,276 0 0
Thor Industries Inc COM 885160101   1,323,836 17,455 SH   SOLE   11,455 0 6,000
Thryv Holdings Inc COM NEW 886029206   169,961 13,273 SH   SOLE   13,273 0 0
Timberland Bancorp Inc COM 887098101   1,667,846 55,270 SH   SOLE   41,572 0 13,698
Toll Brothers Inc COM 889478103   10,032,000 95,000 SH   SOLE   95,000 0 0
UFP Technologies Inc COM 902673102   16,113,943 79,802 SH   SOLE   65,699 0 14,103
Uranium Energy Corp COM 916896103   1,392,280 291,272 SH   SOLE   291,272 0 0
Valmont Industries Inc COM 920253101   7,072,836 24,800 SH   SOLE   24,800 0 0
Virginia National Bankshares Corp COM 928031103   1,101,914 30,269 SH   SOLE   25,150 0 5,119
Climb Global Solutions Inc COM 946760105   24,822,278 224,588 SH   SOLE   196,627 0 27,961
Westwood Holdings Group Inc COM 961765104   1,181,320 72,921 SH   SOLE   50,362 0 22,559
Winnebago Industries Inc COM 974637100   5,048,394 146,326 SH   SOLE   133,326 0 13,000
Worthington Enterprises Inc COM 981811102   1,303,422 26,019 SH   SOLE   26,019 0 0
Worthington Steel Inc COM SHS 982104101   1,244,608 49,194 SH   SOLE   49,194 0 0
Home Bancorp Inc COM 43689E107   1,121,771 24,985 SH   SOLE   20,359 0 4,626
Pennant Group Inc COM 70805E109   10,260,170 407,801 SH   SOLE   397,499 0 10,302
Smurfit Westrock PLC SHS G8267P108   5,630,625 125,000 SH   SOLE   125,000 0 0
ACUITY INC COM 00508Y102   7,171,867 27,211 SH   SOLE   27,211 0 0
Gates Industrial Corporation PLC ORD SHS G39108108   1,958,071 106,388 SH   SOLE   106,388 0 0
TechnipFMC PLC COM G87110105   5,362,816 169,094 SH   SOLE   169,094 0 0
Weatherford International PLC ORD SHS G48833118   2,409,525 45,000 SH   SOLE   45,000 0 0
Noble Corp (Cayman Island) ORD SHS A G65431127   2,432,055 102,640 SH   SOLE   102,640 0 0
Alta Equipment Group Inc COMMON STOCK 02128L106   649,891 138,422 SH   SOLE   138,422 0 0
Ameris Bancorp COM 03076K108   2,126,193 36,935 SH   SOLE   30,935 0 6,000
Antero Resources Corp COM 03674X106   1,619,000 40,000 SH   SOLE   40,000 0 0
Atlantic Union Bankshares Corp COM 04911A107   266,340 8,553 SH   SOLE   0 0 8,553
BRP Inc COM SUN VTG 05577W200   933,739 27,605 SH   SOLE   27,605 0 0
Bank Ozk COM 06417N103   2,346,090 54,000 SH   SOLE   42,000 0 12,000
Barings BDC Inc COM 06759L103   146,010 15,305 SH   SOLE   0 0 15,305
Bluelinx Holdings Inc COM NEW 09624H208   3,892,649 51,873 SH   SOLE   45,873 0 6,000
B2Gold Corp COM 11777Q209   1,284,210 450,600 SH   SOLE   450,600 0 0
Builders FirstSource Inc COM 12008R107   10,302,432 82,501 SH   SOLE   74,901 0 7,600
CB Financial Services Inc COM 12479G101   973,324 34,074 SH   SOLE   34,074 0 0
CF Bankshares Inc COM 12520L109   1,131,669 51,498 SH   SOLE   51,498 0 0
Cameco Corp COM 13321L108   19,874,970 482,706 SH   SOLE   452,706 0 30,000
Caretrust Reit Inc COM 14174T107   888,066 31,073 SH   SOLE   0 0 31,073
Cenovus Energy Inc COM 15135U109   3,757,050 270,000 SH   SOLE   270,000 0 0
Colony Bankcorp Inc COM 19623P101   1,100,626 68,087 SH   SOLE   68,087 0 0
Customers Bancorp Inc COM 23204G100   2,110,034 42,020 SH   SOLE   42,020 0 0
Dell Technologies Inc CL C CL C 24703L202   528,670 5,800 SH   SOLE   0 0 5,800
Dream Finders Homes Inc COM CL A 26154D100   3,391,563 150,502 SH   SOLE   150,502 0 0
East West Bancorp Inc COM 27579R104   2,962,575 33,000 SH   SOLE   33,000 0 0
Ensign Group Inc COM 29358P101   3,517,438 27,189 SH   SOLE   18,189 0 9,000
Evans Bancorp Inc COM NEW 29911Q208   2,024,219 51,943 SH   SOLE   48,927 0 3,016
FS Bancorp Inc COM 30263Y104   14,461,689 379,921 SH   SOLE   298,457 0 81,464
First Citizens BancShares Inc (Delaware) CL A 31946M103   1,852,960 1,000 SH   SOLE   1,000 0 0
First National Corp COM 32106V107   1,612,808 71,824 SH   SOLE   71,824 0 0
First United Corp COM 33741H107   4,159,617 139,374 SH   SOLE   139,374 0 0
Forum Energy Technologies Inc COM 34984V209   4,074,165 202,242 SH   SOLE   202,242 0 0
Freeport-McMoRan Inc CL B 35671D857   4,469,460 119,000 SH   SOLE   104,000 0 15,000
Galiano Gold Inc COM 36352H100   1,007,039 815,416 SH   SOLE   815,416 0 0
Geospace Technologies Corp COM 37364X109   1,040,648 144,234 SH   SOLE   144,234 0 0
Jewett-Cameron Trading Company Ltd COM NEW 47733C207   183,857 40,948 SH   SOLE   40,948 0 0
Karat Packaging Inc COM 48563L101   3,977,644 149,143 SH   SOLE   149,143 0 0
LCI Industries COM 50189K103   2,547,156 29,152 SH   SOLE   29,152 0 0
Landmark Bancorp Inc COM 51504L107   1,314,301 48,322 SH   SOLE   24,883 0 23,439
M/I Homes Inc COM 55305B101   8,512,470 74,589 SH   SOLE   74,589 0 0
MPLX LP COM UNIT REP LTD 55336V100   267,475 5,000 SH   SOLE   5,000 0 0
Malibu Boats Inc COM CL A 56117J100   3,314,005 107,869 SH   SOLE   101,869 0 6,000
MasterBrand Inc COMMON STOCK 57638P104   15,782,985 1,208,049 SH   SOLE   1,173,049 0 35,000
Metrocity Bankshares Inc COM 59165J105   2,190,046 79,249 SH   SOLE   79,249 0 0
Mid Penn Bancorp Inc COM 59540G107   1,964,437 75,844 SH   SOLE   68,057 0 7,787
Mosaic Co COM 61945C103   2,997,258 110,989 SH   SOLE   110,989 0 0
Mr. Cooper Group Inc COM 62482R107   3,646,580 30,500 SH   SOLE   30,500 0 0
NVR Inc COM 62944T105   362,220 50 SH   SOLE   0 0 50
Netflix Inc COM 64110L106   2,797,590 3,000 SH   SOLE   0 0 3,000
Nexgen Energy Ltd COM 65340P106   5,427,207 1,208,732 SH   SOLE   1,208,732 0 0
Nutrien Ltd COM 67077M108   1,837,325 37,000 SH   SOLE   31,000 0 6,000
OFG Bancorp COM 67103X102   2,002,000 50,000 SH   SOLE   50,000 0 0
OneWater Marine Inc CL A COM 68280L101   751,023 46,443 SH   SOLE   42,443 0 4,000
Orion Group Holdings Inc COM 68628V308   2,078,602 397,809 SH   SOLE   387,809 0 10,000
PBF Energy Inc CL A 69318G106   706,515 37,000 SH   SOLE   37,000 0 0
Permian Resources Corp CLASS A COM 71424F105   2,475,680 178,814 SH   SOLE   178,814 0 0
Pinnacle Financial Partners Inc COM 72346Q104   622,879 5,874 SH   SOLE   0 0 5,874
Primis Finl Corp COM 74167B109   107,626 11,016 SH   SOLE   0 0 11,016
Proficient Auto Logistics Inc COM 74317M104   4,790,019 572,909 SH   SOLE   522,909 0 50,000
Ring Energy Inc COM 76680V108   679,710 585,957 SH   SOLE   585,957 0 0
SM Energy Co COM 78454L100   1,496,750 50,000 SH   SOLE   50,000 0 0
SentinelOne Inc CL A 81730H109   727,800 40,000 SH   SOLE   40,000 0 0
Six Flags Entertainment Corp COM 83001C108   2,638,092 74,064 SH   SOLE   68,564 0 5,500
Steel Partners Holdings LP LTD PRTRSHIP U 85814R107   1,143,096 27,877 SH   SOLE   22,877 0 5,000
Somnigroup International Inc COM 88023U101   479,040 8,000 SH   SOLE   0 0 8,000
Tidewater Inc COM 88642R109   5,233,741 123,773 SH   SOLE   123,773 0 0
Tortoise Energy Infrastructure Corp COM 89147L886   1,726,311 40,140 SH   SOLE   28,599 0 11,541
Towne Bank COM 89214P109   3,989,005 116,625 SH   SOLE   39,894 0 76,731
Triple Flag Precious Metals Corp COM 89679M104   2,277,448 119,020 SH   SOLE   119,020 0 0
Ufp Industries Inc COM 90278Q108   7,291,986 68,054 SH   SOLE   68,054 0 0
Ulta Beauty Inc COM 90384S303   4,400,220 12,000 SH   SOLE   12,000 0 0
Vail Resorts Inc COM 91879Q109   1,611,881 10,073 SH   SOLE   10,073 0 0
V2X Inc COM 92242T101   441,405 9,000 SH   SOLE   9,000 0 0
Village Bank and Trust Financial Corp COM NEW 92705T200   1,193,994 14,884 SH   SOLE   14,884 0 0
Vital Farms Inc COM 92847W103   3,771,800 123,826 SH   SOLE   117,826 0 6,000
West Bancorporation Inc CAP STK 95123P106   641,443 32,156 SH   SOLE   25,263 0 6,893
William Penn Bancorp COM 96927A105   717,576 65,682 SH   SOLE   65,682 0 0
Xpel Inc COM 98379L100   734,125 25,000 SH   SOLE   25,000 0 0
Assured Guaranty Ltd COM G0585R106   4,376,691 49,721 SH   SOLE   49,721 0 0
Borr Drilling Ltd SHS G1466R173   3,954,126 1,801,424 SH   SOLE   1,801,424 0 0
FLEX LNG Ltd SHS G35947202   954,500 41,500 SH   SOLE   41,500 0 0
Roivant Sciences Ltd SHS G76279101   504,250 50,000 SH   SOLE   50,000 0 0
Seadrill Ltd COM G7997W102   2,634,925 105,397 SH   SOLE   105,397 0 0
Tsakos Energy Navigation Ltd SHS G9108L173   278,726 16,338 SH   SOLE   16,338 0 0
Golar LNG Ltd SHS G9456A100   9,475,573 249,390 SH   SOLE   249,390 0 0
Valaris Ltd CL A G9460G101   2,291,140 58,321 SH   SOLE   58,321 0 0
Scorpio Tankers Inc SHS Y7542C130   761,498 20,258 SH   SOLE   20,258 0 0