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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ADTALEM GLOBAL ED INC COM 00737L103 2,510 59,686 SH   SOLE   0 0 59,686
CUSTOMERS BANCORP INC COM 23204G100 9,126 351,131 SH   SOLE   10,000 0 341,131
ENOVA INTL INC COM 29357K103 5,443 358,085 SH   SOLE   26,946 0 331,139
FIRSTCASH INC COM 33767D105 9,802 145,328 SH   SOLE   24,738 0 120,590
ISHARES U S ETF TR SHT MAT BD ETF 46431W507 2,164 43,186 SH   SOLE   0 0 43,186
VANECK VECTORS ETF TR PFD SECS EX FINL 92189F429 399 20,286 SH   SOLE   0 0 20,286
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797 203 3,975 SH   SOLE   0 0 3,975
UNIQUE FABRICATING INC COM 90915J103 1,269 171,000 SH   SOLE   113,325 0 57,675
VOLT INFORMATION SCIENCES IN COM 928703107 2,658 699,443 SH   SOLE   45,346 0 654,097
AEGION CORP COM 00770F104 9,178 360,922 SH   SOLE   79,750 0 281,172
ANDERSONS INC COM 034164103 3,789 121,630 SH   SOLE   0 0 121,630
APPLIANCE RECYCLING CTRS AME COM NEW 03814F205 16 15,000 SH   SOLE   15,000 0 0
ASV HLDGS INC COM 00215L104 3,526 347,400 SH   SOLE   0 0 347,400
BANK COMM HLDGS COM 06424J103 904 78,650 SH   SOLE   65,000 0 13,650
BALDWIN & LYONS INC CL B 057755209 4,815 201,039 SH   SOLE   0 0 201,039
CAMTEK LTD ORD M20791105 2,284 399,290 SH   SOLE   41,000 0 358,290
CHEROKEE INC DEL NEW COM 16444H102 171 90,000 SH   SOLE   90,000 0 0
AMERICAS CAR MART INC COM 03062T105 619 13,858 SH   SOLE   7,600 0 6,258
CISCO SYS INC COM 17275R102 367 9,591 SH   SOLE   500 0 9,091
COMPUTER TASK GROUP INC COM 205477102 819 160,557 SH   SOLE   0 0 160,557
CUI GLOBAL INC COM NEW 126576206 1,536 558,400 SH   SOLE   0 0 558,400
DAWSON GEOPHYSICAL CO NEW COM 239360100 2,681 539,411 SH   SOLE   0 0 539,411
DESTINATION XL GROUP INC COM 25065K104 1,291 587,002 SH   SOLE   207,536 0 379,466
EDUCATIONAL DEV CORP COM 281479105 726 38,292 SH   SOLE   38,292 0 0
EAST WEST BANCORP INC COM 27579R104 11,571 190,219 SH   SOLE   29,450 0 160,769
EZCORP INC CL A NON VTG 302301106 9,237 757,130 SH   SOLE   142,475 0 614,655
FOSTER L B CO COM 350060109 3,915 144,200 SH   SOLE   0 0 144,200
STEALTHGAS INC SHS Y81669106 1,953 447,886 SH   SOLE   50,000 0 397,886
GENERAL FIN CORP DEL COM 369822101 308 45,291 SH   SOLE   45,291 0 0
HANMI FINL CORP COM NEW 410495204 297 9,774 SH   SOLE   0 0 9,774
HARDINGE INC COM 412324303 5,780 331,822 SH   SOLE   55,357 0 276,465
HOPE BANCORP INC COM 43940T109 8,293 454,400 SH   SOLE   79,801 0 374,599
INSTEEL INDUSTRIES INC COM 45774W108 1,160 40,952 SH   SOLE   0 0 40,952
FIRST INTERNET BANCORP COM 320557101 763 20,004 SH   SOLE   0 0 20,004
INNOSPEC INC COM 45768S105 12,200 172,801 SH   SOLE   22,200 0 150,601
KIRKLANDS INC COM 497498105 864 72,190 SH   SOLE   0 0 72,190
LAKELAND INDS INC COM 511795106 1,910 131,240 SH   SOLE   0 0 131,240
LIMONEIRA CO COM 532746104 3,097 138,261 SH   SOLE   23,017 0 115,244
LANDSTAR SYS INC COM 515098101 250 2,400 SH   SOLE   0 0 2,400
LUNA INNOVATIONS COM 550351100 1,047 430,821 SH   SOLE   359,796 0 71,025
MITCHAM INDS INC COM 606501104 1,094 345,094 SH   SOLE   0 0 345,094
MOBILE MINI INC COM 60740F105 5,964 172,880 SH   SOLE   0 0 172,880
MIND C T I LTD ORD M70240102 107 38,568 SH   SOLE   38,568 0 0
MANITEX INTL INC COM 563420108 4,986 519,364 SH   SOLE   279,820 0 239,544
MICROSOFT CORP COM 594918104 372 4,350 SH   SOLE   0 0 4,350
MATRIX SVC CO COM 576853105 6,673 374,887 SH   SOLE   12,600 0 362,287
NATURES SUNSHINE PRODUCTS IN COM 639027101 7,955 688,717 SH   SOLE   176,557 0 512,160
NORTHERN TECH INTL CORP COM 665809109 719 29,064 SH   SOLE   0 0 29,064
NV5 GLOBAL INC COM 62945V109 15,121 279,252 SH   SOLE   16,600 0 262,652
NATIONAL WESTN LIFE GROUP IN CL A 638517102 6,162 18,616 SH   SOLE   3,001 0 15,615
PRO-DEX INC COLO COM NEW 74265M205 95 14,000 SH   SOLE   14,000 0 0
PERION NETWORK LTD SHS M78673106 117 113,326 SH   SOLE   0 0 113,326
EPLUS INC COM 294268107 3,464 46,070 SH   SOLE   0 0 46,070
POINTER TELOCATION LTD SHS M7946T104 233 12,500 SH   SOLE   12,500 0 0
PERMA PIPE INTL HLDGS INC COM 714167103 1,971 219,032 SH   SOLE   0 0 219,032
PIONEER PWR SOLUTIONS INC COM NEW 723836300 2,223 292,060 SH   SOLE   75,000 0 217,060
PRGX GLOBAL INC COM NEW 69357C503 2,842 400,317 SH   SOLE   106,318 0 293,999
RENT A CTR INC NEW COM 76009N100 2,599 234,136 SH   SOLE   400 0 233,736
SAEXPLORATION HLDGS INC COM NEW 78636X204 217 98,610 SH   SOLE   0 0 98,610
SALEM MEDIA GROUP INC CL A 794093104 825 183,320 SH   SOLE   5,000 0 178,320
SILICOM LTD ORD M84116108 4,348 62,011 SH   SOLE   1,500 0 60,511
SUPERCOM LTD NEW SHS NEW M87095119 937 239,694 SH   SOLE   0 0 239,694
STERLING CONSTRUCTION CO INC COM 859241101 1,026 63,000 SH   SOLE   63,000 0 0
SYNALLOY CP DEL COM 871565107 836 62,414 SH   SOLE   0 0 62,414
TRINITY BIOTECH PLC SPON ADR NEW 896438306 5,236 1,026,624 SH   SOLE   0 0 1,026,624
TETRA TECH INC NEW COM 88162G103 11,615 241,225 SH   SOLE   51,000 0 190,225
VEON LTD SPONSORED ADR 91822M106 51 13,300 SH   SOLE   0 0 13,300
VOXX INTL CORP CL A 91829F104 848 151,514 SH   SOLE   0 0 151,514
CERAGON NETWORKS LTD ORD M22013102 1,319 666,200 SH   SOLE   0 0 666,200
TOR MINERALS INTL INC COM NEW 890878309 587 103,913 SH   SOLE   0 0 103,913
ABBOTT LABS COM 002824100 305 5,340 SH   SOLE   0 0 5,340
ACME UTD CORP COM 004816104 2,360 100,875 SH   SOLE   29,000 0 71,875
FEDERAL AGRIC MTG CORP CL C 313148306 8,522 108,919 SH   SOLE   18,005 0 90,914
AMERICAN WTR WKS CO INC NEW COM 030420103 6,488 70,920 SH   SOLE   11,300 0 59,620
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 3,012 59,934 SH   SOLE   0 0 59,934
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 641 3,234 SH   SOLE   200 0 3,034
CHINA FD INC COM 169373107 1,531 70,712 SH   SOLE   439 0 70,273
CRAWFORD & CO CL A 224633206 6,701 788,361 SH   SOLE   160,154 0 628,207
CVS HEALTH CORP COM 126650100 337 4,650 SH   SOLE   0 0 4,650
CPI AEROSTRUCTURES INC COM NEW 125919308 134 14,950 SH   SOLE   0 0 14,950
CHEVRON CORP NEW COM 166764100 324 2,590 SH   SOLE   0 0 2,590
DISCOVER FINL SVCS COM 254709108 1,264 16,438 SH   SOLE   0 0 16,438
QUEST DIAGNOSTICS INC COM 74834L100 241 2,450 SH   SOLE   0 0 2,450
ISHARES TR SELECT DIVID ETF 464287168 241 2,450 SH   SOLE   0 0 2,450
COMPANHIA PARANAENSE ENERG C SPON ADR PFD 20441B407 134 17,500 SH   SOLE   17,500 0 0
ENBRIDGE INC COM 29250N105 504 12,890 SH   SOLE   0 0 12,890
FIRST ACCEPTANCE CORP COM 318457108 440 370,000 SH   SOLE   350,000 0 20,000
ABERDEEN GTR CHINA FD INC COM 003031101 697 55,959 SH   SOLE   0 0 55,959
GENERAL ELECTRIC CO COM 369604103 1,781 102,077 SH   SOLE   0 0 102,077
GENWORTH FINL INC COM CL A 37247D106 2,529 813,128 SH   SOLE   0 0 813,128
HUNTSMAN CORP COM 447011107 15,636 469,701 SH   SOLE   0 0 469,701
ISHARES TR U.S. MED DVC ETF 464288810 382 2,200 SH   SOLE   0 0 2,200
ISHARES TR CORE S&P MCP ETF 464287507 797 4,200 SH   SOLE   0 0 4,200
ISHARES TR CORE S&P SCP ETF 464287804 307 4,000 SH   SOLE   0 0 4,000
ISHARES TR CORE S&P500 ETF 464287200 968 3,600 SH   SOLE   0 0 3,600
JACOBS ENGR GROUP INC DEL COM 469814107 15,809 239,670 SH   SOLE   43,510 0 196,160
JOHNSON & JOHNSON COM 478160104 237 1,696 SH   SOLE   0 0 1,696
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 1,701 144,048 SH   SOLE   6,000 0 138,048
JPMORGAN CHASE & CO COM 46625H100 203 1,895 SH   SOLE   100 0 1,795
KOREA FD COM NEW 500634209 204 4,944 SH   SOLE   0 0 4,944
KRATON CORPORATION COM 50077C106 5,360 111,270 SH   SOLE   0 0 111,270
LSB INDS INC COM 502160104 1,637 186,831 SH   SOLE   64,746 0 122,085
MILLER INDS INC TENN COM NEW 600551204 2,270 87,636 SH   SOLE   0 0 87,636
ALTRIA GROUP INC COM 02209S103 332 4,643 SH   SOLE   0 0 4,643
MARATHON PETE CORP COM 56585A102 329 4,986 SH   SOLE   0 0 4,986
OWENS ILL INC COM NEW 690768403 6,102 275,228 SH   SOLE   16,400 0 258,828
PG&E CORP COM 69331C108 6,138 136,912 SH   SOLE   31,000 0 105,912
PFIZER INC COM 717081103 313 8,655 SH   SOLE   500 0 8,155
ISHARES TR S&P US PFD STK 464288687 462 12,143 SH   SOLE   0 0 12,143
PROCTER AND GAMBLE CO COM 742718109 202 2,200 SH   SOLE   0 0 2,200
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,073 24,465 SH   SOLE   0 0 24,465
COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 9,238 883,977 SH   SOLE   198,232 0 685,745
SERVICE CORP INTL COM 817565104 12,521 335,498 SH   SOLE   21,726 0 313,772
ABERDEEN SINGAPORE FD INC COM 003244100 187 15,063 SH   SOLE   0 0 15,063
ORCHIDS PAPER PRODS CO DEL COM 68572N104 3,419 267,105 SH   SOLE   0 0 267,105
TRAVELERS COMPANIES INC COM 89417E109 7,016 51,728 SH   SOLE   216 0 51,512
TUPPERWARE BRANDS CORP COM 899896104 4,445 70,901 SH   SOLE   14,350 0 56,551
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 338 2,192 SH   SOLE   0 0 2,192
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 450 1,833 SH   SOLE   0 0 1,833
VISTRA ENERGY CORP COM 92840M102 6,527 356,298 SH   SOLE   0 0 356,298
WIDEPOINT CORP COM 967590100 535 822,171 SH   SOLE   551,724 0 270,447
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 235 8,425 SH   SOLE   0 0 8,425
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 272 4,250 SH   SOLE   0 0 4,250