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
Estimated average burden
hours per response: 23.8
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
1-800-FLOWERS.COM INC-CL A EQUITY 68243Q106   487,600 106,000 SH   SOLE   106,000 0 0
3D SYSTEMS CORP EQUITY 88554D205   116,000 40,000 SH   SOLE   40,000 0 0
A10 NETWORKS INC EQUITY 002121101   653,400 36,000 SH   SOLE   36,000 0 0
ACCURAY INC EQUITY 004397105   66,800 40,000 SH   SOLE   40,000 0 0
ACME UNITED CORP EQUITY 004816104   411,800 10,000 SH   SOLE   10,000 0 0
ALLIENT INC EQUITY 019330109   3,007,200 67,200 SH   SOLE   67,200 0 0
AMERICAN OUTDOOR BRANDS INC EQUITY 02875D109   1,006,507 115,957 SH   SOLE   115,957 0 0
AMPCO-PITTSBURGH CORP EQUITY 032037103   248,465 108,500 SH   SOLE   108,500 0 0
ANTERIX INC EQUITY 03676C100   1,245,260 58,000 SH   SOLE   58,000 0 0
ARKO CORP EQUITY 041242108   594,100 130,000 SH   SOLE   130,000 0 0
ARLO TECHNOLOGIES INC EQUITY 04206A101   1,050,900 62,000 SH   SOLE   62,000 0 0
ARTESIAN RESOURCES CORP-CL A EQUITY 043113208   1,020,875 31,320 SH   SOLE   31,320 0 0
ASTEC INDUSTRIES INC EQUITY 046224101   2,753,036 57,200 SH   SOLE   57,200 0 0
ASTRONICS CORP EQUITY 046433108   5,017,100 110,000 SH   SOLE   110,000 0 0
ATLANTIC AMERICAN CORP EQUITY 048209100   54,530 19,000 SH   SOLE   19,000 0 0
ATLANTIC UNION BANKSHARES CO EQUITY 04911A107   1,136,338 32,200 SH   SOLE   32,200 0 0
AZZ INC EQUITY 002474104   425,607 3,900 SH   SOLE   3,900 0 0
BADGER METER INC EQUITY 056525108   580,385 3,250 SH   SOLE   3,250 0 0
BASSETT FURNITURE INDS EQUITY 070203104   156,400 10,000 SH   SOLE   10,000 0 0
BELLRING BRANDS INC EQUITY 07831C103   363,500 10,000 SH   SOLE   10,000 0 0
BIG 5 SPORTING GOODS CORP EQUITY 08915P101   115,200 80,000 SH   SOLE   80,000 0 0
CADENCE BANK EQUITY 12740C103   225,240 6,000 SH   SOLE   6,000 0 0
CAESARS ENTERTAINMENT INC EQUITY 12769G100   229,713 8,500 SH   SOLE   8,500 0 0
CALAVO GROWERS INC EQUITY 128246105   1,969,110 76,500 SH   SOLE   76,500 0 0
CALIFORNIA WATER SERVICE GRP EQUITY 130788102   920,553 20,060 SH   SOLE   20,060 0 0
CAPITAL CITY BANK GROUP INC EQUITY 139674105   2,987,985 71,500 SH   SOLE   71,500 0 0
CASELLA WASTE SYSTEMS INC-A EQUITY 147448104   940,261 9,910 SH   SOLE   9,910 0 0
CITIZENS & NORTHERN CORP EQUITY 172922106   237,720 12,000 SH   SOLE   12,000 0 0
COMMERCIAL VEHICLE GROUP INC EQUITY 202608105   78,078 45,928 SH   SOLE   45,928 0 0
CONSOLIDATED WATER CO-ORD SH EQUITY G23773107   1,146,600 32,500 SH   SOLE   32,500 0 0
CORE MOLDING TECHNOLOGIES IN EQUITY 218683100   1,744,161 84,874 SH   SOLE   84,874 0 0
CTS CORP EQUITY 126501105   2,596,100 65,000 SH   SOLE   65,000 0 0
DANA INC EQUITY 235825205   280,560 14,000 SH   SOLE   14,000 0 0
DAWSON GEOPHYSICAL CO EQUITY 239360100   35,200 20,000 SH   SOLE   20,000 0 0
DENNY'S CORP EQUITY 24869P104   266,730 51,000 SH   SOLE   51,000 0 0
DHI GROUP INC EQUITY 23331S100   125,100 45,000 SH   SOLE   45,000 0 0
DIGI INTERNATIONAL INC EQUITY 253798102   291,680 8,000 SH   SOLE   8,000 0 0
DISTRIBUTION SOLUTIONS GROUP EQUITY 520776105   3,188,480 106,000 SH   SOLE   106,000 0 0
DUCOMMUN INC EQUITY 264147109   4,421,980 46,000 SH   SOLE   46,000 0 0
EASTERN CO/THE EQUITY 276317104   3,292,963 140,365 SH   SOLE   140,365 0 0
ELECTROMED INC EQUITY 285409108   491,000 20,000 SH   SOLE   20,000 0 0
ENERGY RECOVERY INC EQUITY 29270J100   431,760 28,000 SH   SOLE   28,000 0 0
ENTRAVISION COMMUNICATIONS-A EQUITY 29382R107   111,670 47,927 SH   SOLE   47,927 0 0
EW SCRIPPS CO NEW EQUITY 811054402   728,160 296,000 SH   SOLE   296,000 0 0
EXELIXIS INC EQUITY 30161Q104   2,065,000 50,000 SH   SOLE   50,000 0 0
FARMER BROS CO EQUITY 307675108   536,613 313,809 SH   SOLE   313,809 0 0
FARMERS NATL BANC CORP EQUITY 309627107   544,698 37,800 SH   SOLE   37,800 0 0
FEDERAL SIGNAL CORP EQUITY 313855108   452,162 3,800 SH   SOLE   3,800 0 0
FIRST INTERNET BANCORP EQUITY 320557101   224,300 10,000 SH   SOLE   10,000 0 0
FLUSHING FINANCIAL CORP EQUITY 343873105   1,470,765 106,500 SH   SOLE   106,500 0 0
FNB CORP EQUITY 302520101   1,135,755 70,500 SH   SOLE   70,500 0 0
FOSTER (LB) CO-A EQUITY 350060109   3,767,017 139,778 SH   SOLE   139,778 0 0
FRP HOLDINGS INC EQUITY 30292L107   852,600 35,000 SH   SOLE   35,000 0 0
FS BANCORP INC EQUITY 30263Y104   838,320 21,000 SH   SOLE   21,000 0 0
GAMBLING.COM GROUP LTD EQUITY G3R239101   327,200 40,000 SH   SOLE   40,000 0 0
GARRETT MOTION INC EQUITY 366505105   612,900 45,000 SH   SOLE   45,000 0 0
GENCOR INDUSTRIES INC EQUITY 368678108   3,701,390 253,000 SH   SOLE   253,000 0 0
GENIUS SPORTS LTD EQUITY G3934V109   247,600 20,000 SH   SOLE   20,000 0 0
GIBRALTAR INDUSTRIES INC EQUITY 374689107   3,422,600 54,500 SH   SOLE   54,500 0 0
GOLDEN ENTERTAINMENT INC EQUITY 381013101   2,310,840 98,000 SH   SOLE   98,000 0 0
GORMAN-RUPP CO EQUITY 383082104   2,190,552 47,200 SH   SOLE   47,200 0 0
GRAHAM CORP EQUITY 384556106   1,899,540 34,600 SH   SOLE   34,600 0 0
GRANITE CONSTRUCTION INC EQUITY 387328107   515,355 4,700 SH   SOLE   4,700 0 0
GRAY MEDIA INC EQUITY 389375106   1,368,357 236,740 SH   SOLE   236,740 0 0
GRAY MEDIA INC-A EQUITY 389375205   843,900 87,000 SH   SOLE   87,000 0 0
GYRODYNE LLC EQUITY 403829104   177,228 17,700 SH   SOLE   17,700 0 0
HANOVER BANCORP INC EQUITY 410709109   314,300 14,000 SH   SOLE   14,000 0 0
HAWKINS INC EQUITY 420261109   822,240 4,500 SH   SOLE   4,500 0 0
I3 VERTICALS INC-CLASS A EQUITY 46571Y107   1,136,100 35,000 SH   SOLE   35,000 0 0
ICF INTERNATIONAL INC EQUITY 44925C103   464,000 5,000 SH   SOLE   5,000 0 0
IMAX CORP EQUITY 45245E109   982,500 30,000 SH   SOLE   30,000 0 0
INFUSYSTEM HOLDINGS INC EQUITY 45685K102   1,916,600 185,000 SH   SOLE   185,000 0 0
INNOVATIVE SOLUTIONS & SUPP EQUITY 45769N105   1,707,383 136,700 SH   SOLE   136,700 0 0
INSPIRED ENTERTAINMENT INC EQUITY 45782N108   1,903,202 202,900 SH   SOLE   202,900 0 0
JOHNSON OUTDOORS INC-A EQUITY 479167108   201,950 5,000 SH   SOLE   5,000 0 0
KIMBALL ELECTRONICS INC EQUITY 49428J109   955,520 32,000 SH   SOLE   32,000 0 0
KKR & CO INC EQUITY 48251W104   1,884,275 14,500 SH   SOLE   14,500 0 0
KRATOS DEFENSE & SECURITY EQUITY 50077B207   456,850 5,000 SH   SOLE   5,000 0 0
LANDS' END INC EQUITY 51509F105   324,300 23,000 SH   SOLE   23,000 0 0
LEE ENTERPRISES EQUITY 523768406   81,600 15,000 SH   SOLE   15,000 0 0
LEGACY HOUSING CORP EQUITY 52472M101   1,100,400 40,000 SH   SOLE   40,000 0 0
LIFETIME BRANDS INC EQUITY 53222Q103   381,195 98,500 SH   SOLE   98,500 0 0
LIFEWAY FOODS INC EQUITY 531914109   224,856 8,100 SH   SOLE   8,100 0 0
LIMONEIRA CO EQUITY 532746104   1,744,875 117,500 SH   SOLE   117,500 0 0
MANITOWOC COMPANY INC EQUITY 563571405   144,144 14,400 SH   SOLE   14,400 0 0
MARCUS CORPORATION EQUITY 566330106   1,070,190 69,000 SH   SOLE   69,000 0 0
MARINE PRODUCTS CORP EQUITY 568427108   2,159,845 243,500 SH   SOLE   243,500 0 0
MATERIALISE NV-ADR DEPOSITORY RECEI 57667T100   55,700 10,000 SH   SOLE   10,000 0 0
MEDALLION FINANCIAL CORP EQUITY 583928106   606,000 60,000 SH   SOLE   60,000 0 0
MIDDLEBY CORP EQUITY 596278101   265,860 2,000 SH   SOLE   2,000 0 0
MIDDLESEX WATER CO EQUITY 596680108   270,600 5,000 SH   SOLE   5,000 0 0
MINERALS TECHNOLOGIES INC EQUITY 603158106   217,420 3,500 SH   SOLE   3,500 0 0
MITEK SYSTEMS INC EQUITY 606710200   918,380 94,000 SH   SOLE   94,000 0 0
MODINE MANUFACTURING CO EQUITY 607828100   426,480 3,000 SH   SOLE   3,000 0 0
MONRO INC EQUITY 610236101   844,590 47,000 SH   SOLE   47,000 0 0
MOVADO GROUP INC EQUITY 624580106   1,178,037 62,100 SH   SOLE   62,100 0 0
MSA SAFETY INC EQUITY 553498106   705,487 4,100 SH   SOLE   4,100 0 0
MYERS INDUSTRIES INC EQUITY 628464109   5,183,640 306,000 SH   SOLE   306,000 0 0
MYR GROUP INC/DELAWARE EQUITY 55405W104   1,248,180 6,000 SH   SOLE   6,000 0 0
NATHAN'S FAMOUS INC EQUITY 632347100   5,348,742 48,300 SH   SOLE   48,300 0 0
NATURAL GROCERS BY VITAMIN C EQUITY 63888U108   200,000 5,000 SH   SOLE   5,000 0 0
NAVIGATOR HOLDINGS LTD EQUITY Y62132108   1,319,748 85,200 SH   SOLE   85,200 0 0
NEOGEN CORP EQUITY 640491106   1,062,974 186,160 SH   SOLE   186,160 0 0
NEOGENOMICS INC EQUITY 64049M209   409,932 53,100 SH   SOLE   53,100 0 0
NIAGEN BIOSCIENCE INC EQUITY 171077407   233,250 25,000 SH   SOLE   25,000 0 0
NORTHRIM BANCORP INC EQUITY 666762109   294,576 13,600 SH   SOLE   13,600 0 0
OIL-DRI CORP OF AMERICA EQUITY 677864100   842,352 13,800 SH   SOLE   13,800 0 0
OOMA INC EQUITY 683416101   239,800 20,000 SH   SOLE   20,000 0 0
OPENLANE INC EQUITY 48238T109   820,230 28,500 SH   SOLE   28,500 0 0
OPKO HEALTH INC EQUITY 68375N103   220,100 142,000 SH   SOLE   142,000 0 0
OPTION CARE HEALTH INC EQUITY 68404L201   482,136 17,368 SH   SOLE   17,368 0 0
ORTHOFIX MEDICAL INC EQUITY 68752M108   270,840 18,500 SH   SOLE   18,500 0 0
PARK AEROSPACE CORP EQUITY 70014A104   854,280 42,000 SH   SOLE   42,000 0 0
PARK-OHIO HOLDINGS CORP EQUITY 700666100   3,313,440 156,000 SH   SOLE   156,000 0 0
PITNEY BOWES INC EQUITY 724479100   513,450 45,000 SH   SOLE   45,000 0 0
PRIMIS FINANCIAL CORP EQUITY 74167B109   157,650 15,000 SH   SOLE   15,000 0 0
PURSUIT ATTRACTIONS AND HOSP EQUITY 92552R406   361,800 10,000 SH   SOLE   10,000 0 0
READING INTERNATIONAL INC-A EQUITY 755408101   222,705 151,500 SH   SOLE   151,500 0 0
READING INTERNATIONAL INC-B EQUITY 755408200   838,085 75,030 SH   SOLE   75,030 0 0
RED VIOLET INC EQUITY 75704L104   418,000 8,000 SH   SOLE   8,000 0 0
RENASANT CORP EQUITY 75970E107   941,802 25,530 SH   SOLE   25,530 0 0
RGC RESOURCES INC EQUITY 74955L103   2,154,240 96,000 SH   SOLE   96,000 0 0
RPC INC EQUITY 749660106   276,080 58,000 SH   SOLE   58,000 0 0
RUSH ENTERPRISES INC - CL B EQUITY 781846308   2,497,770 43,500 SH   SOLE   43,500 0 0
RUSH ENTERPRISES INC-CL A EQUITY 781846209   427,760 8,000 SH   SOLE   8,000 0 0
SILVERCREST ASSET MANAGEME-A EQUITY 828359109   866,250 55,000 SH   SOLE   55,000 0 0
SINCLAIR INC EQUITY 829242106   434,880 28,800 SH   SOLE   28,800 0 0
SKYWATER TECHNOLOGY INC EQUITY 83089J108   1,128,631 60,484 SH   SOLE   60,484 0 0
SOUTHERN FIRST BANCSHARES EQUITY 842873101   794,160 18,000 SH   SOLE   18,000 0 0
SPORTSMAN'S WAREHOUSE HOLDIN EQUITY 84920Y106   182,820 66,000 SH   SOLE   66,000 0 0
STANDARD MOTOR PRODS EQUITY 853666105   1,326,650 32,500 SH   SOLE   32,500 0 0
STELLAR BANCORP INC EQUITY 858927106   1,683,870 55,500 SH   SOLE   55,500 0 0
STERIS PLC EQUITY G8473T100   222,696 900 SH   SOLE   900 0 0
STONERIDGE INC EQUITY 86183P102   198,120 26,000 SH   SOLE   26,000 0 0
STRATASYS LTD EQUITY M85548101   112,000 10,000 SH   SOLE   10,000 0 0
STRATTEC SECURITY CORP EQUITY 863111100   2,416,130 35,500 SH   SOLE   35,500 0 0
TEJON RANCH CO EQUITY 879080109   1,326,340 83,000 SH   SOLE   83,000 0 0
TENNANT CO EQUITY 880345103   705,222 8,700 SH   SOLE   8,700 0 0
TITAN INTERNATIONAL INC EQUITY 88830M102   152,712 20,200 SH   SOLE   20,200 0 0
TITAN MACHINERY INC EQUITY 88830R101   1,439,640 86,000 SH   SOLE   86,000 0 0
TOWNSQUARE MEDIA INC - CL A EQUITY 892231101   779,520 116,000 SH   SOLE   116,000 0 0
TRANSACT TECHNOLOGIES INC EQUITY 892918103   176,150 32,500 SH   SOLE   32,500 0 0
TREDEGAR CORP EQUITY 894650100   971,630 121,000 SH   SOLE   121,000 0 0
TWIN DISC INC EQUITY 901476101   1,359,150 97,500 SH   SOLE   97,500 0 0
TYLER TECHNOLOGIES INC EQUITY 902252105   523,160 1,000 SH   SOLE   1,000 0 0
ULTRA CLEAN HOLDINGS INC EQUITY 90385V107   1,185,375 43,500 SH   SOLE   43,500 0 0
ULTRALIFE CORP EQUITY 903899102   751,564 110,200 SH   SOLE   110,200 0 0
UNITED BANKSHARES INC EQUITY 909907107   260,470 7,000 SH   SOLE   7,000 0 0
UNITED GUARDIAN INC EQUITY 910571108   424,096 53,961 SH   SOLE   53,961 0 0
UNIVERSAL TECHNICAL INSTITUT EQUITY 913915104   325,500 10,000 SH   SOLE   10,000 0 0
VALLEY NATIONAL BANCORP EQUITY 919794107   457,920 43,200 SH   SOLE   43,200 0 0
VALUE LINE INC EQUITY 920437100   1,170,759 29,958 SH   SOLE   29,958 0 0
VILLAGE SUPER MARKET-CLASS A EQUITY 927107409   212,952 5,700 SH   SOLE   5,700 0 0
VISHAY PRECISION GROUP EQUITY 92835K103   962,622 30,035 SH   SOLE   30,035 0 0
WABASH NATIONAL CORP EQUITY 929566107   426,384 43,200 SH   SOLE   43,200 0 0
WASHINGTON TRUST BANCORP EQUITY 940610108   961,792 33,280 SH   SOLE   33,280 0 0
WATERSTONE FINANCIAL INC EQUITY 94188P101   920,400 59,000 SH   SOLE   59,000 0 0
WESTERN NEW ENGLAND BANCORP EQUITY 958892101   804,670 67,000 SH   SOLE   67,000 0 0
WILLAMETTE VALLEY VINEYARDS EQUITY 969136100   82,110 23,000 SH   SOLE   23,000 0 0
WINNEBAGO INDUSTRIES EQUITY 974637100   668,800 20,000 SH   SOLE   20,000 0 0
YORK WATER CO EQUITY 987184108   1,099,987 36,160 SH   SOLE   36,160 0 0
ZIMVIE INC EQUITY 98888T107   1,231,100 65,000 SH   SOLE   65,000 0 0