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 |
1-800-FLOWERS.COM INC-CL A | EQUITY | 68243Q106 | 1,551,760 | 163,000 | SH | | SOLE | | 163,000 | 0 | 0 |
3D SYSTEMS CORP | EQUITY | 88554D205 | 122,800 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
A10 NETWORKS INC | EQUITY | 002121101 | 498,600 | 36,000 | SH | | SOLE | | 36,000 | 0 | 0 |
ACCURAY INC | EQUITY | 004397105 | 94,640 | 52,000 | SH | | SOLE | | 52,000 | 0 | 0 |
ACME UNITED CORP | EQUITY | 004816104 | 701,400 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
ALLIENT INC | EQUITY | 019330109 | 2,949,009 | 116,700 | SH | | SOLE | | 116,700 | 0 | 0 |
AMERICAN OUTDOOR BRANDS INC | EQUITY | 02875D109 | 1,611,000 | 179,000 | SH | | SOLE | | 179,000 | 0 | 0 |
AMERICAN SOFTWARE INC-CL A | EQUITY | 029683109 | 1,132,120 | 124,000 | SH | | SOLE | | 124,000 | 0 | 0 |
AMPCO-PITTSBURGH CORP | EQUITY | 032037103 | 101,640 | 132,000 | SH | | SOLE | | 132,000 | 0 | 0 |
AMPCO-PITTSBURGH CORP WARRANTS 8/1/25 | WARRANT | 032037111 | 2,350 | 47,000 | SH | | SOLE | | 47,000 | 0 | 0 |
ANTERIX INC | EQUITY | 03676C100 | 2,098,270 | 53,000 | SH | | SOLE | | 53,000 | 0 | 0 |
ARKO CORP | EQUITY | 041242108 | 470,250 | 75,000 | SH | | SOLE | | 75,000 | 0 | 0 |
ARLO TECHNOLOGIES INC | EQUITY | 04206A101 | 1,199,680 | 92,000 | SH | | SOLE | | 92,000 | 0 | 0 |
ARRAY TECHNOLOGIES INC 1.000 12/01/28 CVT | BOND CONVERTIBLE | 04271TAB6 | 426,914 | 528,000 | PRN | | SOLE | | 528,000 | 0 | 0 |
ARTESIAN RESOURCES CORP-CL A | EQUITY | 043113208 | 1,118,791 | 31,820 | SH | | SOLE | | 31,820 | 0 | 0 |
ASTEC INDUSTRIES INC | EQUITY | 046224101 | 4,122,740 | 139,000 | SH | | SOLE | | 139,000 | 0 | 0 |
ASTRONICS CORP | EQUITY | 046433108 | 3,825,730 | 191,000 | SH | | SOLE | | 191,000 | 0 | 0 |
ATLANTIC AMERICAN CORP | EQUITY | 048209100 | 33,800 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
ATLANTIC UNION BANKSHARES CO | EQUITY | 04911A107 | 903,375 | 27,500 | SH | | SOLE | | 27,500 | 0 | 0 |
AZZ INC | EQUITY | 002474104 | 733,875 | 9,500 | SH | | SOLE | | 9,500 | 0 | 0 |
BADGER METER INC | EQUITY | 056525108 | 754,718 | 4,050 | SH | | SOLE | | 4,050 | 0 | 0 |
BANK7 CORP | EQUITY | 06652N107 | 313,000 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
BASSETT FURNITURE INDS | EQUITY | 070203104 | 142,100 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
BEASLEY BROADCAST GRP INC -A | EQUITY | 074014101 | 105,200 | 160,000 | SH | | SOLE | | 160,000 | 0 | 0 |
BELLRING BRANDS INC | EQUITY | 07831C103 | 857,100 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
BERKSHIRE HILLS BANCORP INC | EQUITY | 084680107 | 220,248 | 9,660 | SH | | SOLE | | 9,660 | 0 | 0 |
BIG 5 SPORTING GOODS CORP | EQUITY | 08915P101 | 47,360 | 16,000 | SH | | SOLE | | 16,000 | 0 | 0 |
BLOOM ENERGY CORP 3.000 06/01/28 CVT | BOND CONVERTIBLE | 093712AK3 | 193,494 | 200,000 | PRN | | SOLE | | 200,000 | 0 | 0 |
BREAD FINANCIAL HLDGS 4.250 06/15/28 CVT | BOND CONVERTIBLE | 018581AN8 | 266,640 | 200,000 | PRN | | SOLE | | 200,000 | 0 | 0 |
CADENCE BANK | EQUITY | 12740C103 | 203,616 | 7,200 | SH | | SOLE | | 7,200 | 0 | 0 |
CAESARS ENTERTAINMENT INC | EQUITY | 12769G100 | 655,710 | 16,500 | SH | | SOLE | | 16,500 | 0 | 0 |
CALAVO GROWERS INC | EQUITY | 128246105 | 1,180,400 | 52,000 | SH | | SOLE | | 52,000 | 0 | 0 |
CALIFORNIA WATER SERVICE GRP | EQUITY | 130788102 | 1,032,837 | 21,300 | SH | | SOLE | | 21,300 | 0 | 0 |
CAPITAL CITY BANK GROUP INC | EQUITY | 139674105 | 2,269,512 | 79,800 | SH | | SOLE | | 79,800 | 0 | 0 |
CASELLA WASTE SYSTEMS INC-A | EQUITY | 147448104 | 1,785,960 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
CHART INDUSTRIES INC 6.750 12/15/25 SR:B CVT | PREFERRED CONVER | 16115Q407 | 312,620 | 5,500 | SH | | SOLE | | 5,500 | 0 | 0 |
CHEFS' WAREHOUSE THE 2.375 12/15/28 CVT | BOND CONVERTIBLE | 163086AE1 | 221,574 | 200,000 | PRN | | SOLE | | 200,000 | 0 | 0 |
CITIZENS & NORTHERN CORP | EQUITY | 172922106 | 250,460 | 14,000 | SH | | SOLE | | 14,000 | 0 | 0 |
CLEARFIELD INC | EQUITY | 18482P103 | 771,200 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
COLUMBUS MCKINNON CORP/NY | EQUITY | 199333105 | 1,405,778 | 40,700 | SH | | SOLE | | 40,700 | 0 | 0 |
COMMERCIAL VEHICLE GROUP INC | EQUITY | 202608105 | 1,032,077 | 210,628 | SH | | SOLE | | 210,628 | 0 | 0 |
COMTECH TELECOMMUNICATIONS | EQUITY | 205826209 | 72,720 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
CONSOLIDATED WATER CO-ORD SH | EQUITY | G23773107 | 1,165,106 | 43,900 | SH | | SOLE | | 43,900 | 0 | 0 |
CORE MOLDING TECHNOLOGIES IN | EQUITY | 218683100 | 1,876,138 | 117,700 | SH | | SOLE | | 117,700 | 0 | 0 |
CTS CORP | EQUITY | 126501105 | 4,430,125 | 87,500 | SH | | SOLE | | 87,500 | 0 | 0 |
CUTERA INC | EQUITY | 232109108 | 176,157 | 116,660 | SH | | SOLE | | 116,660 | 0 | 0 |
DAKTRONICS INC | EQUITY | 234264109 | 753,300 | 54,000 | SH | | SOLE | | 54,000 | 0 | 0 |
DANA INC | EQUITY | 235825205 | 448,440 | 37,000 | SH | | SOLE | | 37,000 | 0 | 0 |
DAWSON GEOPHYSICAL CO | EQUITY | 239360100 | 46,800 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
DENNY'S CORP | EQUITY | 24869P104 | 390,500 | 55,000 | SH | | SOLE | | 55,000 | 0 | 0 |
DHI GROUP INC | EQUITY | 23331S100 | 94,050 | 45,000 | SH | | SOLE | | 45,000 | 0 | 0 |
DIGI INTERNATIONAL INC | EQUITY | 253798102 | 229,300 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
DISTRIBUTION SOLUTIONS GROUP | EQUITY | 520776105 | 5,385,000 | 179,500 | SH | | SOLE | | 179,500 | 0 | 0 |
DUCOMMUN INC | EQUITY | 264147109 | 9,132,838 | 157,300 | SH | | SOLE | | 157,300 | 0 | 0 |
EASTERN CO/THE | EQUITY | 276317104 | 6,478,295 | 254,350 | SH | | SOLE | | 254,350 | 0 | 0 |
ELECTROMED INC | EQUITY | 285409108 | 558,244 | 37,142 | SH | | SOLE | | 37,142 | 0 | 0 |
ENERGY RECOVERY INC | EQUITY | 29270J100 | 388,068 | 29,200 | SH | | SOLE | | 29,200 | 0 | 0 |
EW SCRIPPS CO NEW | EQUITY | 811054402 | 1,063,204 | 338,600 | SH | | SOLE | | 338,600 | 0 | 0 |
EXELIXIS INC | EQUITY | 30161Q104 | 1,330,224 | 59,200 | SH | | SOLE | | 59,200 | 0 | 0 |
FARMER BROS CO | EQUITY | 307675108 | 1,226,928 | 457,809 | SH | | SOLE | | 457,809 | 0 | 0 |
FARMERS NATL BANC CORP | EQUITY | 309627107 | 499,600 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
FEDERAL SIGNAL CORP | EQUITY | 313855108 | 1,397,289 | 16,700 | SH | | SOLE | | 16,700 | 0 | 0 |
FIRST INTERNET BANCORP | EQUITY | 320557101 | 540,400 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
FLUSHING FINANCIAL CORP | EQUITY | 343873105 | 4,924,675 | 374,500 | SH | | SOLE | | 374,500 | 0 | 0 |
FNB CORP | EQUITY | 302520101 | 1,012,320 | 74,000 | SH | | SOLE | | 74,000 | 0 | 0 |
FOSTER (LB) CO-A | EQUITY | 350060109 | 3,536,532 | 164,337 | SH | | SOLE | | 164,337 | 0 | 0 |
FREQUENCY ELECTRONICS INC | EQUITY | 358010106 | 91,100 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
FRP HOLDINGS INC | EQUITY | 30292L107 | 1,083,760 | 38,000 | SH | | SOLE | | 38,000 | 0 | 0 |
FS BANCORP INC | EQUITY | 30263Y104 | 1,170,628 | 32,116 | SH | | SOLE | | 32,116 | 0 | 0 |
FUBOTV INC 3.250 02/15/26 CVT | BOND CONVERTIBLE | 35953DAB0 | 215,194 | 360,000 | PRN | | SOLE | | 360,000 | 0 | 0 |
GAMBLING.COM GROUP LTD | EQUITY | G3R239101 | 780,900 | 95,000 | SH | | SOLE | | 95,000 | 0 | 0 |
GARRETT MOTION INC | EQUITY | 366505105 | 429,500 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |
GENCOR INDUSTRIES INC | EQUITY | 368678108 | 8,238,840 | 426,000 | SH | | SOLE | | 426,000 | 0 | 0 |
GENIUS SPORTS LTD | EQUITY | G3934V109 | 109,000 | 20,000 | SH | | SOLE | | 20,000 | 0 | 0 |
GIBRALTAR INDUSTRIES INC | EQUITY | 374689107 | 4,709,385 | 68,700 | SH | | SOLE | | 68,700 | 0 | 0 |
GLATFELTER CORP | EQUITY | 377320106 | 34,750 | 25,000 | SH | | SOLE | | 25,000 | 0 | 0 |
GOLDEN ENTERTAINMENT INC | EQUITY | 381013101 | 3,552,762 | 114,200 | SH | | SOLE | | 114,200 | 0 | 0 |
GORMAN-RUPP CO | EQUITY | 383082104 | 2,496,280 | 68,000 | SH | | SOLE | | 68,000 | 0 | 0 |
GRAHAM CORP | EQUITY | 384556106 | 2,830,080 | 100,500 | SH | | SOLE | | 100,500 | 0 | 0 |
GRANITE CONSTRUCTION INC | EQUITY | 387328107 | 309,850 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
GRAY TELEVISION INC | EQUITY | 389375106 | 1,290,848 | 248,240 | SH | | SOLE | | 248,240 | 0 | 0 |
GRAY TELEVISION INC-A | EQUITY | 389375205 | 786,480 | 87,000 | SH | | SOLE | | 87,000 | 0 | 0 |
GYRODYNE LLC | EQUITY | 403829104 | 174,437 | 21,456 | SH | | SOLE | | 21,456 | 0 | 0 |
HALOZYME THERAPEUTICS IN 1.000 08/15/28 CVT | BOND CONVERTIBLE | 40637HAF6 | 552,095 | 500,000 | PRN | | SOLE | | 500,000 | 0 | 0 |
HANOVER BANCORP INC/NY | EQUITY | 410710206 | 247,500 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
HAWKINS INC | EQUITY | 420261109 | 3,112,200 | 34,200 | SH | | SOLE | | 34,200 | 0 | 0 |
HERC HOLDINGS INC | EQUITY | 42704L104 | 293,238 | 2,200 | SH | | SOLE | | 2,200 | 0 | 0 |
HOMESTREET INC | EQUITY | 43785V102 | 114,000 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
I3 VERTICALS INC-CLASS A | EQUITY | 46571Y107 | 1,585,145 | 71,791 | SH | | SOLE | | 71,791 | 0 | 0 |
ICC HOLDINGS INC | EQUITY | 44931Q104 | 384,710 | 17,000 | SH | | SOLE | | 17,000 | 0 | 0 |
ICF INTERNATIONAL INC | EQUITY | 44925C103 | 445,380 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
IMAX CORP | EQUITY | 45245E109 | 503,100 | 30,000 | SH | | SOLE | | 30,000 | 0 | 0 |
INFINERA CORP 3.750 08/01/28 CVT | BOND CONVERTIBLE | 45667GAG8 | 546,125 | 500,000 | PRN | | SOLE | | 500,000 | 0 | 0 |
INFUSYSTEM HOLDINGS INC | EQUITY | 45685K102 | 1,331,850 | 195,000 | SH | | SOLE | | 195,000 | 0 | 0 |
INNOVATE CORP | EQUITY | 45784J105 | 178,801 | 295,734 | SH | | SOLE | | 295,734 | 0 | 0 |
INNOVATIVE SOLUTIONS & SUPP | EQUITY | 45769N105 | 579,000 | 96,500 | SH | | SOLE | | 96,500 | 0 | 0 |
INSPIRED ENTERTAINMENT INC | EQUITY | 45782N108 | 2,223,450 | 243,000 | SH | | SOLE | | 243,000 | 0 | 0 |
INTEVAC INC | EQUITY | 461148108 | 1,171,510 | 303,500 | SH | | SOLE | | 303,500 | 0 | 0 |
JAZZ INVESTMENTS I LTD 2.000 06/15/26 CVT | BOND CONVERTIBLE | 472145AF8 | 192,844 | 200,000 | PRN | | SOLE | | 200,000 | 0 | 0 |
JOHN BEAN TECHNOLOGIES CORP | EQUITY | 477839104 | 664,790 | 7,000 | SH | | SOLE | | 7,000 | 0 | 0 |
KIMBALL ELECTRONICS INC | EQUITY | 49428J109 | 674,786 | 30,700 | SH | | SOLE | | 30,700 | 0 | 0 |
KKR & CO INC | EQUITY | 48251W104 | 4,209,600 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
LANDS' END INC | EQUITY | 51509F105 | 326,160 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
LEE ENTERPRISES | EQUITY | 523768406 | 288,860 | 26,000 | SH | | SOLE | | 26,000 | 0 | 0 |
LEGACY HOUSING CORP | EQUITY | 52472M101 | 1,605,800 | 70,000 | SH | | SOLE | | 70,000 | 0 | 0 |
LEMAITRE VASCULAR INC | EQUITY | 525558201 | 452,540 | 5,500 | SH | | SOLE | | 5,500 | 0 | 0 |
LIBERTY MEDIA CORP 2.250 08/15/27 CVT | BOND CONVERTIBLE | 531229AQ5 | 316,911 | 300,000 | PRN | | SOLE | | 300,000 | 0 | 0 |
LIFETIME BRANDS INC | EQUITY | 53222Q103 | 1,795,310 | 209,000 | SH | | SOLE | | 209,000 | 0 | 0 |
LIFEWAY FOODS INC | EQUITY | 531914109 | 150,686 | 11,800 | SH | | SOLE | | 11,800 | 0 | 0 |
LIMONEIRA CO | EQUITY | 532746104 | 3,138,148 | 150,800 | SH | | SOLE | | 150,800 | 0 | 0 |
LIVE NATION ENTERTAINMEN 3.125 01/15/29 CVT | BOND CONVERTIBLE | 538034BA6 | 557,320 | 500,000 | PRN | | SOLE | | 500,000 | 0 | 0 |
LUMENTUM HOLDINGS INC 1.500 12/15/29 CVT | BOND CONVERTIBLE | 55024UAH2 | 193,272 | 200,000 | PRN | | SOLE | | 200,000 | 0 | 0 |
MANITOWOC COMPANY INC | EQUITY | 563571405 | 201,775 | 17,500 | SH | | SOLE | | 17,500 | 0 | 0 |
MARCUS CORPORATION | EQUITY | 566330106 | 795,900 | 70,000 | SH | | SOLE | | 70,000 | 0 | 0 |
MARINE PRODUCTS CORP | EQUITY | 568427108 | 2,807,800 | 278,000 | SH | | SOLE | | 278,000 | 0 | 0 |
MARINEMAX INC | EQUITY | 567908108 | 210,405 | 6,500 | SH | | SOLE | | 6,500 | 0 | 0 |
MATERIALISE NV-ADR | DEPOSITORY RECEI | 57667T100 | 50,100 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
MEDALLION FINANCIAL CORP | EQUITY | 583928106 | 675,840 | 88,000 | SH | | SOLE | | 88,000 | 0 | 0 |
MESA LABORATORIES INC | EQUITY | 59064R109 | 260,310 | 3,000 | SH | | SOLE | | 3,000 | 0 | 0 |
MIDDLEBY CORP | EQUITY | 596278101 | 1,633,165 | 13,320 | SH | | SOLE | | 13,320 | 0 | 0 |
MIDDLESEX WATER CO | EQUITY | 596680108 | 261,300 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
MINERALS TECHNOLOGIES INC | EQUITY | 603158106 | 415,800 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
MITEK SYSTEMS INC | EQUITY | 606710200 | 1,453,400 | 130,000 | SH | | SOLE | | 130,000 | 0 | 0 |
MODINE MANUFACTURING CO | EQUITY | 607828100 | 500,950 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
MOTORCAR PARTS OF AMERICA IN | EQUITY | 620071100 | 64,785 | 10,500 | SH | | SOLE | | 10,500 | 0 | 0 |
MOVADO GROUP INC | EQUITY | 624580106 | 599,126 | 24,100 | SH | | SOLE | | 24,100 | 0 | 0 |
MSA SAFETY INC | EQUITY | 553498106 | 1,219,985 | 6,500 | SH | | SOLE | | 6,500 | 0 | 0 |
MYERS INDUSTRIES INC | EQUITY | 628464109 | 5,927,340 | 443,000 | SH | | SOLE | | 443,000 | 0 | 0 |
MYR GROUP INC/DELAWARE | EQUITY | 55405W104 | 949,970 | 7,000 | SH | | SOLE | | 7,000 | 0 | 0 |
NABORS INDUSTRIES INC 1.750 06/15/29 CVT | BOND CONVERTIBLE | 62957HAL9 | 182,720 | 250,000 | PRN | | SOLE | | 250,000 | 0 | 0 |
NAPCO SECURITY TECHNOLOGIES | EQUITY | 630402105 | 259,750 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
NATHAN'S FAMOUS INC | EQUITY | 632347100 | 11,409,950 | 168,338 | SH | | SOLE | | 168,338 | 0 | 0 |
NATURAL GROCERS BY VITAMIN C | EQUITY | 63888U108 | 339,200 | 16,000 | SH | | SOLE | | 16,000 | 0 | 0 |
NAVIGATOR HOLDINGS LTD | EQUITY | Y62132108 | 1,711,080 | 98,000 | SH | | SOLE | | 98,000 | 0 | 0 |
NEOGEN CORP | EQUITY | 640491106 | 3,014,402 | 192,860 | SH | | SOLE | | 192,860 | 0 | 0 |
NEOGENOMICS INC | EQUITY | 64049M209 | 769,785 | 55,500 | SH | | SOLE | | 55,500 | 0 | 0 |
NEURONETICS INC | EQUITY | 64131A105 | 32,400 | 18,000 | SH | | SOLE | | 18,000 | 0 | 0 |
NEXTERA ENERGY INC 6.926 09/01/25 CVT | PREFERRED CONVER | 65339F713 | 207,450 | 5,000 | SH | | SOLE | | 5,000 | 0 | 0 |
NORTHERN OIL & GAS INC 3.625 04/15/29 CVT | BOND CONVERTIBLE | 665531AJ8 | 466,804 | 400,000 | PRN | | SOLE | | 400,000 | 0 | 0 |
NORTHRIM BANCORP INC | EQUITY | 666762109 | 241,915 | 4,197 | SH | | SOLE | | 4,197 | 0 | 0 |
OIL-DRI CORP OF AMERICA | EQUITY | 677864100 | 672,945 | 10,500 | SH | | SOLE | | 10,500 | 0 | 0 |
ON SEMICONDUCTOR CORP 0.500 03/01/29 CVT | BOND CONVERTIBLE | 682189AU9 | 383,696 | 400,000 | PRN | | SOLE | | 400,000 | 0 | 0 |
OOMA INC | EQUITY | 683416101 | 397,200 | 40,000 | SH | | SOLE | | 40,000 | 0 | 0 |
OPENLANE INC | EQUITY | 48238T109 | 514,290 | 31,000 | SH | | SOLE | | 31,000 | 0 | 0 |
OPKO HEALTH INC | EQUITY | 68375N103 | 187,500 | 150,000 | SH | | SOLE | | 150,000 | 0 | 0 |
OPTION CARE HEALTH INC | EQUITY | 68404L201 | 581,700 | 21,000 | SH | | SOLE | | 21,000 | 0 | 0 |
ORTHOFIX MEDICAL INC | EQUITY | 68752M108 | 274,482 | 20,700 | SH | | SOLE | | 20,700 | 0 | 0 |
PARK AEROSPACE CORP | EQUITY | 70014A104 | 824,904 | 60,300 | SH | | SOLE | | 60,300 | 0 | 0 |
PARK-OHIO HOLDINGS CORP | EQUITY | 700666100 | 4,724,925 | 182,500 | SH | | SOLE | | 182,500 | 0 | 0 |
PITNEY BOWES INC | EQUITY | 724479100 | 254,000 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |
PLAYAGS INC | EQUITY | 72814N104 | 371,450 | 32,300 | SH | | SOLE | | 32,300 | 0 | 0 |
PLAYSTUDIOS INC | EQUITY | 72815G108 | 50,922 | 24,600 | SH | | SOLE | | 24,600 | 0 | 0 |
PPL CAPITAL FUNDING INC 2.875 03/15/28 CVT | BOND CONVERTIBLE | 69352PAS2 | 479,235 | 500,000 | PRN | | SOLE | | 500,000 | 0 | 0 |
PRIMIS FINANCIAL CORP | EQUITY | 74167B109 | 157,200 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
PRIMO WATER CORP | EQUITY | 74167P108 | 327,900 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
READING INTERNATIONAL INC-A | EQUITY | 755408101 | 300,756 | 211,800 | SH | | SOLE | | 211,800 | 0 | 0 |
READING INTERNATIONAL INC-B | EQUITY | 755408200 | 996,960 | 74,400 | SH | | SOLE | | 74,400 | 0 | 0 |
REDWOOD TRUST INC 7.750 06/15/27 CVT | BOND CONVERTIBLE | 758075AF2 | 243,420 | 250,000 | PRN | | SOLE | | 250,000 | 0 | 0 |
RENASANT CORP | EQUITY | 75970E107 | 932,386 | 30,530 | SH | | SOLE | | 30,530 | 0 | 0 |
RGC RESOURCES INC | EQUITY | 74955L103 | 1,840,705 | 90,010 | SH | | SOLE | | 90,010 | 0 | 0 |
RPC INC | EQUITY | 749660106 | 362,500 | 58,000 | SH | | SOLE | | 58,000 | 0 | 0 |
RUSH ENTERPRISES INC - CL B | EQUITY | 781846308 | 3,088,188 | 78,700 | SH | | SOLE | | 78,700 | 0 | 0 |
RUSH ENTERPRISES INC-CL A | EQUITY | 781846209 | 418,700 | 10,000 | SH | | SOLE | | 10,000 | 0 | 0 |
RUSH STREET INTERACTIVE INC | EQUITY | 782011100 | 104,531 | 10,900 | SH | | SOLE | | 10,900 | 0 | 0 |
S&W SEED CO | EQUITY | 785135104 | 23,400 | 65,000 | SH | | SOLE | | 65,000 | 0 | 0 |
SANDY SPRING BANCORP INC | EQUITY | 800363103 | 762,468 | 31,300 | SH | | SOLE | | 31,300 | 0 | 0 |
SAREPTA THERAPEUTICS INC 1.250 09/15/27 CVT | BOND CONVERTIBLE | 803607AD2 | 323,275 | 250,000 | PRN | | SOLE | | 250,000 | 0 | 0 |
SILVERCREST ASSET MANAGEME-A | EQUITY | 828359109 | 1,067,915 | 68,500 | SH | | SOLE | | 68,500 | 0 | 0 |
SINCLAIR INC | EQUITY | 829242106 | 426,560 | 32,000 | SH | | SOLE | | 32,000 | 0 | 0 |
SKYLINE CHAMPION CORP | EQUITY | 830830105 | 995,925 | 14,700 | SH | | SOLE | | 14,700 | 0 | 0 |
SKYWATER TECHNOLOGY INC | EQUITY | 83089J108 | 638,217 | 83,427 | SH | | SOLE | | 83,427 | 0 | 0 |
SOUTHERN FIRST BANCSHARES | EQUITY | 842873101 | 1,052,640 | 36,000 | SH | | SOLE | | 36,000 | 0 | 0 |
SOUTHSTATE CORP | EQUITY | 840441109 | 603,718 | 7,900 | SH | | SOLE | | 7,900 | 0 | 0 |
SPORTSMAN'S WAREHOUSE HOLDIN | EQUITY | 84920Y106 | 161,470 | 67,000 | SH | | SOLE | | 67,000 | 0 | 0 |
STANDARD MOTOR PRODS | EQUITY | 853666105 | 1,073,151 | 38,700 | SH | | SOLE | | 38,700 | 0 | 0 |
STANDEX INTERNATIONAL CORP | EQUITY | 854231107 | 1,031,360 | 6,400 | SH | | SOLE | | 6,400 | 0 | 0 |
STEEL PARTNERS HOLDINGS LP | EQUITY UNIT | 85814R107 | 465,359 | 12,500 | SH | | SOLE | | 12,500 | 0 | 0 |
STELLAR BANCORP INC | EQUITY | 858927106 | 1,457,960 | 63,500 | SH | | SOLE | | 63,500 | 0 | 0 |
STERIS PLC | EQUITY | G8473T100 | 241,494 | 1,100 | SH | | SOLE | | 1,100 | 0 | 0 |
STONERIDGE INC | EQUITY | 86183P102 | 829,920 | 52,000 | SH | | SOLE | | 52,000 | 0 | 0 |
STRIDE INC 1.125 09/01/27 CVT | BOND CONVERTIBLE | 86333MAA6 | 574,864 | 400,000 | PRN | | SOLE | | 400,000 | 0 | 0 |
SUNNOVA ENERGY INTL INC 2.625 02/15/28 CVT | BOND CONVERTIBLE | 86745KAH7 | 249,403 | 700,000 | PRN | | SOLE | | 700,000 | 0 | 0 |
SURMODICS INC | EQUITY | 868873100 | 1,114,060 | 26,500 | SH | | SOLE | | 26,500 | 0 | 0 |
TEJON RANCH CO | EQUITY | 879080109 | 1,552,460 | 91,000 | SH | | SOLE | | 91,000 | 0 | 0 |
TENNANT CO | EQUITY | 880345103 | 1,328,940 | 13,500 | SH | | SOLE | | 13,500 | 0 | 0 |
TITAN INTERNATIONAL INC | EQUITY | 88830M102 | 151,905 | 20,500 | SH | | SOLE | | 20,500 | 0 | 0 |
TITAN MACHINERY INC | EQUITY | 88830R101 | 1,372,170 | 86,300 | SH | | SOLE | | 86,300 | 0 | 0 |
TKO GROUP HOLDINGS INC | EQUITY | 87256C101 | 1,123,096 | 10,400 | SH | | SOLE | | 10,400 | 0 | 0 |
TOWNSQUARE MEDIA INC - CL A | EQUITY | 892231101 | 1,437,952 | 131,200 | SH | | SOLE | | 131,200 | 0 | 0 |
TRANSACT TECHNOLOGIES INC | EQUITY | 892918103 | 122,525 | 32,500 | SH | | SOLE | | 32,500 | 0 | 0 |
TREDEGAR CORP | EQUITY | 894650100 | 589,170 | 123,000 | SH | | SOLE | | 123,000 | 0 | 0 |
TRINITY PLACE HOLDINGS INC | EQUITY | 89656D101 | 5,850 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |
TRUSTCO BANK CORP NY | EQUITY | 898349204 | 287,988 | 10,010 | SH | | SOLE | | 10,010 | 0 | 0 |
TWIN DISC INC | EQUITY | 901476101 | 1,213,340 | 103,000 | SH | | SOLE | | 103,000 | 0 | 0 |
TYLER TECHNOLOGIES INC | EQUITY | 902252105 | 502,780 | 1,000 | SH | | SOLE | | 1,000 | 0 | 0 |
ULTRA CLEAN HOLDINGS INC | EQUITY | 90385V107 | 2,744,000 | 56,000 | SH | | SOLE | | 56,000 | 0 | 0 |
ULTRALIFE CORP | EQUITY | 903899102 | 1,178,820 | 111,000 | SH | | SOLE | | 111,000 | 0 | 0 |
UNITED BANKSHARES INC | EQUITY | 909907107 | 259,520 | 8,000 | SH | | SOLE | | 8,000 | 0 | 0 |
UNITED GUARDIAN INC | EQUITY | 910571108 | 583,433 | 65,261 | SH | | SOLE | | 65,261 | 0 | 0 |
UNIVERSAL TECHNICAL INSTITUT | EQUITY | 913915104 | 1,250,535 | 79,500 | SH | | SOLE | | 79,500 | 0 | 0 |
VALLEY NATIONAL BANCORP | EQUITY | 919794107 | 307,120 | 44,000 | SH | | SOLE | | 44,000 | 0 | 0 |
VALUE LINE INC | EQUITY | 920437100 | 1,369,626 | 31,800 | SH | | SOLE | | 31,800 | 0 | 0 |
VIAD CORP | EQUITY | 92552R406 | 1,190,000 | 35,000 | SH | | SOLE | | 35,000 | 0 | 0 |
VILLAGE SUPER MARKET-CLASS A | EQUITY | 927107409 | 1,188,450 | 45,000 | SH | | SOLE | | 45,000 | 0 | 0 |
VISHAY PRECISION GROUP | EQUITY | 92835K103 | 1,583,245 | 52,012 | SH | | SOLE | | 52,012 | 0 | 0 |
WABASH NATIONAL CORP | EQUITY | 929566107 | 1,037,400 | 47,500 | SH | | SOLE | | 47,500 | 0 | 0 |
WASHINGTON TRUST BANCORP | EQUITY | 940610108 | 1,107,638 | 40,410 | SH | | SOLE | | 40,410 | 0 | 0 |
WATERSTONE FINANCIAL INC | EQUITY | 94188P101 | 805,770 | 63,000 | SH | | SOLE | | 63,000 | 0 | 0 |
WESTERN NEW ENGLAND BANCORP | EQUITY | 958892101 | 516,000 | 75,000 | SH | | SOLE | | 75,000 | 0 | 0 |
WILLAMETTE VALLEY VINEYARDS | EQUITY | 969136100 | 90,390 | 23,000 | SH | | SOLE | | 23,000 | 0 | 0 |
WILLDAN GROUP INC | EQUITY | 96924N100 | 1,211,700 | 42,000 | SH | | SOLE | | 42,000 | 0 | 0 |
WINNEBAGO INDUSTRIES | EQUITY | 974637100 | 1,289,960 | 23,800 | SH | | SOLE | | 23,800 | 0 | 0 |
WOLFSPEED INC 1.875 12/01/29 CVT | BOND CONVERTIBLE | 977852AD4 | 334,608 | 600,000 | PRN | | SOLE | | 600,000 | 0 | 0 |
YORK WATER CO | EQUITY | 987184108 | 1,396,809 | 37,660 | SH | | SOLE | | 37,660 | 0 | 0 |
ZIMVIE INC | EQUITY | 98888T107 | 1,022,000 | 56,000 | SH | | SOLE | | 56,000 | 0 | 0 |