Teton Advisors (TETAA) 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
1 800 FLOWERS COM INC CL A	COM	68243Q106	5,292	518,846	SH		SOLE		518,846	0	0
A H BELO CORP COM CL A	COM	001282102	308	50,093	SH		SOLE		50,093	0	0
AARON'S INC	COM	002535300	1,428	48,000	SH		SOLE		48,000	0	0
ABM INDS INC COM	COM	000957100	1,158	26,550	SH		SOLE		11,950	0	14,600
ACCURAY INC COM	COM	004397105	157	32,960	SH		SOLE		32,960	0	0
ACME UTD CORP COM	COM	004816104	3,563	127,200	SH		SOLE		127,200	0	0
AEROJET ROCKETDYNE HOLDINGS	COM	007800105	26,146	1,204,900	SH		SOLE		1,204,900	0	0
ALERE INC	COM	01449J105	505	12,700	SH		SOLE		12,700	0	0
AMERICAN AIRLINES GROUP INC	COM	02376R102	2,623	62,000	SH		SOLE		62,000	0	0
AMERICAN EAGLE OUTFITTERS INCO	COM	02553E106	1,013	72,200	SH		SOLE		25,650	0	46,550
AMERICAN RAILCAR INDS INC COM	COM	02916P103	382	9,292	SH		SOLE		9,292	0	0
AMERICAN SOFTWARE INC CL A	COM	029683109	2,065	200,913	SH		SOLE		200,913	0	0
AMPCO PITTSBURGH CORP	COM	032037103	6,679	475,356	SH		SOLE		475,356	0	0
AMTECH SYS INC COM PAR $0.01N	COM	032332504	94	17,000	SH		SOLE		17,000	0	0
ANCHOR BANK CORP	COM	032838104	1,282	49,400	SH		SOLE		49,400	0	0
ANGIES LIST INC COM	COM	034754101	517	90,679	SH		SOLE		90,679	0	0
ANGIODYNAMICS INC COM	COM	03475V101	886	51,066	SH		SOLE		30,350	0	20,716
ARMSTRONG FLOORING INC COM	COM	04238R106	3,767	204,500	SH		SOLE		196,600	0	7,900
ARTESIAN RES CORP COM CL A	COM	043113208	799	24,526	SH		SOLE		24,526	0	0
ASCENT CAPITAL GROUP INC	COM	043632108	3,322	235,079	SH		SOLE		235,079	0	0
ASTEC INDS INC COM	COM	046224101	18,920	307,663	SH		SOLE		307,663	0	0
ASTRONICS CORP COM	COM	046433108	428	13,500	SH		SOLE		13,500	0	0
ATLANTIC AMERN CORP COM	COM	048209100	80	20,000	SH		SOLE		20,000	0	0
ATLAS AIR WORLDWIDE HLDGS 2.25	CONVERTIBLE BOND	049164BH8	212	200,000	PRN		SOLE		200,000	0	0
ATN INTERNATIONAL INC	COM	00215F107	3,577	50,800	SH		SOLE		50,800	0	0
AVID TECHNOLOGY INC	COM	05367P100	303	65,000	SH		SOLE		65,000	0	0
AZZ INC COM	COM	002474104	1,190	20,000	SH		SOLE		20,000	0	0
BADGER METER INC COM	COM	056525108	1,029	28,000	SH		SOLE		28,000	0	0
BANKUNITED INC COM	COM	06652K103	948	25,413	SH		SOLE		13,313	0	12,100
BARNES GROUP INC COM	COM	067806109	218	4,250	SH		SOLE		4,250	0	0
BASSETT FURNITURE INDS	COM	070203104	4,839	179,905	SH		SOLE		179,905	0	0
BEASLEY BROADCAST GRP INC.	COM	074014101	8,431	726,800	SH		SOLE		726,800	0	0
BENEFICIAL BANCORP INC	COM	08171T102	667	41,698	SH		SOLE		22,598	0	19,100
BERKSHIRE HILLS BANCORP INC CO	COM	084680107	514	14,246	SH		SOLE		14,246	0	0
BERRY PLASTICS GROUP INC COM	COM	08579W103	4,814	99,111	SH		SOLE		99,111	0	0
BIG 5 SPORTING GOODS CORP COM	COM	08915P101	1,155	76,500	SH		SOLE		76,500	0	0
BIGLARI HOLDINGS INC	COM	08986R101	5,695	13,183	SH		SOLE		13,183	0	0
BIOLASE TECHNOLOGY INC COM	COM	090911108	461	341,461	SH		SOLE		341,461	0	0
BIOSCRIP INC	COM	09069N108	1,590	935,000	SH		SOLE		935,000	0	0
BIOTELEMETRY INC COM	COM	090672106	4,143	143,100	SH		SOLE		143,100	0	0
BON-TON STORES INC COM	COM	09776J101	176	210,000	SH		SOLE		210,000	0	0
BOSTON BEER INC CL A	COM	100557107	1,230	8,500	SH		SOLE		8,500	0	0
BOTTOMLINE TECH DEL INC COM	COM	101388106	814	34,400	SH		SOLE		16,100	0	18,300
BOYD GAMING CORP	COM	103304101	1,580	71,800	SH		SOLE		71,800	0	0
BRINKS CO COM	COM	109696104	839	15,700	SH		SOLE		6,700	0	9,000
BROADWIND ENERGY INC COM NEW	COM	11161T207	745	89,440	SH		SOLE		89,440	0	0
BROWN & BROWN INC COM	COM	115236101	679	16,284	SH		SOLE		7,050	0	9,234
BUILDERS FIRSTSOURCE	COM	12008R107	526	35,300	SH		SOLE		18,800	0	16,500
CABOT MICROELECTRONICS	COM	12709P103	2,513	32,800	SH		SOLE		11,400	0	21,400
CADIZ INC	COM	127537207	680	45,174	SH		SOLE		45,174	0	0
CALAVO GROWERS INC COM	COM	128246105	3,672	60,600	SH		SOLE		60,600	0	0
CALIFORNIA WTR SVC GROUP COM	COM	130788102	889	24,800	SH		SOLE		24,800	0	0
CALLAWAY GOLF CO COM	COM	131193104	1,067	96,387	SH		SOLE		96,387	0	0
CALLIDUS SOFTWARE INC COM	COM	13123E500	6,768	317,000	SH		SOLE		317,000	0	0
CALLON PETE CO DEL COM	COM	13123X102	3,222	244,844	SH		SOLE		244,844	0	0
CAMBIUM LEARNING GRP INC COM	COM	13201A107	49	10,000	SH		SOLE		10,000	0	0
CANTEL MEDICAL CORP COM	COM	138098108	5,911	73,800	SH		SOLE		73,800	0	0
CANTERBURY PK HLDG CORP	COM	13811E101	3,847	368,100	SH		SOLE		368,100	0	0
CARBONITE INC	COM	141337105	1,618	79,687	SH		SOLE		79,687	0	0
CARDIOVASCULAR SYS INC DEL COM	COM	141619106	3,141	111,100	SH		SOLE		111,100	0	0
CAREDX INC	COM	14167L103	14	10,000	SH		SOLE		10,000	0	0
CARPENTER TECHNOLOGY CORP COM	COM	144285103	433	11,600	SH		SOLE		0	0	11,600
CARRIAGE SERVICES, INC. 2.750	CONVERTIBLE BOND	143905AM9	260	200,000	PRN		SOLE		200,000	0	0
CARRIZO OIL & CO INC COM	COM	144577103	590	20,600	SH		SOLE		12,400	0	8,200
CASELLA WASTE SYS INC CL A	COM	147448104	8,383	594,128	SH		SOLE		594,128	0	0
CAVCO INDUSTRIES	COM	149568107	6,693	57,500	SH		SOLE		57,500	0	0
CECO ENVIRONMENTAL CORP COM	COM	125141101	186	17,720	SH		SOLE		17,720	0	0
CEMPRA INC COM	COM	15130J109	263	70,000	SH		SOLE		70,000	0	0
CHART INDS INC	COM	16115Q308	2,536	72,580	SH		SOLE		72,580	0	0
CHASE CORP	COM	16150R104	9,076	95,133	SH		SOLE		95,133	0	0
CHEESECAKE FACTORY INC	COM	163072101	3,105	49,000	SH		SOLE		49,000	0	0
CHEMTURA CORP COM NEW	COM	163893209	2,839	85,000	SH		SOLE		85,000	0	0
CHENIERE ENERGY, INC. 4.250 0	CONVERTIBLE BOND	16411RAG4	204	300,000	PRN		SOLE		300,000	0	0
CHESAPEAKE UTILS CORP COM	COM	165303108	2,301	33,250	SH		SOLE		33,250	0	0
CHURCHILL DOWNS INC COM	COM	171484108	9,299	58,540	SH		SOLE		58,540	0	0
CINCINNATI BELL INC NEW COM NE	COM	171871502	4,779	270,023	SH		SOLE		270,023	0	0
CIRCOR INTL INC COM	COM	17273K109	10,794	181,600	SH		SOLE		170,200	0	11,400
CITIZENS & NORTHN CORP COM	COM	172922106	424	18,200	SH		SOLE		18,200	0	0
COBIZ FINANCIAL INC COM	COM	190897108	2,349	139,839	SH		SOLE		124,239	0	15,600
COGENTIX MEDICAL INC	COM	19243A104	207	115,000	SH		SOLE		115,000	0	0
COHEN & STEERS INC COM	COM	19247A100	4,357	109,000	SH		SOLE		109,000	0	0
COLUMBIA BKG SYS INC COM	COM	197236102	312	8,001	SH		SOLE		2,700	0	5,301
COLUMBUS MCKINNON CORP N Y COM	COM	199333105	3,144	126,660	SH		SOLE		126,660	0	0
COMMERCEHUB INC SER C	COM	20084V306	233	15,000	SH		SOLE		15,000	0	0
COMSCORE INC	COM	20564W105	3,584	166,000	SH		SOLE		166,000	0	0
CONNECTICUT WTR SVC INC COM	COM	207797101	213	4,000	SH		SOLE		4,000	0	0
CONSOLIDATED COMM HLDGS INC CO	COM	209034107	932	39,801	SH		SOLE		39,801	0	0
CONSOLIDATED WATER CO LTD ORD	COM	G23773107	769	66,000	SH		SOLE		66,000	0	0
CORE MOLDING TECH COM	COM	218683100	5,429	304,500	SH		SOLE		304,500	0	0
COTT CORP COM	COM	22163N106	1,360	110,000	SH		SOLE		110,000	0	0
CROWN HOLDINGS INC COM	COM	228368106	402	7,600	SH		SOLE		7,600	0	0
CSGS 4 1/4 3/15/36	CONVERTIBLE BOND	126349AF6	260	250,000	PRN		SOLE		250,000	0	0
CTS CORP	COM	126501105	7,317	343,500	SH		SOLE		343,500	0	0
CUTERA INC COM	COM	232109108	6,189	299,000	SH		SOLE		299,000	0	0
CYPRESS SEMICONDUCTOR CORP COM	COM	232806109	1,970	143,200	SH		SOLE		52,100	0	91,100
DAKTRONICS INC COM	COM	234264109	662	70,000	SH		SOLE		70,000	0	0
DANA HOLDING CORP COM	COM	235825205	2,028	105,000	SH		SOLE		105,000	0	0
DATAWATCH CORP COM NEW	COM	237917208	252	30,000	SH		SOLE		30,000	0	0
DAWSON GEOPHYSICAL CO NEW COM	COM	239360100	111	20,000	SH		SOLE		20,000	0	0
DELTA NAT GAS INC COM	COM	247748106	3,187	105,000	SH		SOLE		105,000	0	0
DENNYS CORP COM	COM	24869P104	866	70,000	SH		SOLE		70,000	0	0
DESTINATION XL GROUP INC	COM	25065K104	86	30,000	SH		SOLE		30,000	0	0
DIEBOLD NIXDORF	COM	253651103	765	24,923	SH		SOLE		11,423	0	13,500
DIGI INTL INC COM	COM	253798102	1,009	84,801	SH		SOLE		84,801	0	0
DIME CMNTY BANCORP INC COM	COM	253922108	727	35,800	SH		SOLE		35,800	0	0
DOVER DOWNS GAMING & ENTMT INC	COM	260095104	152	145,000	SH		SOLE		145,000	0	0
DTE 6 1/2 10/1/19	CONVERTIBLE PREF	233331883	204	3,800	SH		SOLE		3,800	0	0
DUCOMMUN INC DEL COM	COM	264147109	3,617	125,642	SH		SOLE		125,642	0	0
DXP ENTERPRISES INC NEW COM NE	COM	233377407	462	12,200	SH		SOLE		12,200	0	0
DYCOM INDUSTRIES, INC. 0.750	CONVERTIBLE BOND	267475AB7	235	200,000	PRN		SOLE		200,000	0	0
EASTERN CO COM	COM	276317104	7,578	353,269	SH		SOLE		353,269	0	0
EDGEWATER TECHNOLOGY INC COM	COM	280358102	5,256	705,520	SH		SOLE		705,520	0	0
ELDORADO RESORTS INC COM	COM	28470R102	1,495	79,000	SH		SOLE		79,000	0	0
ELECTRO SCIENTIFIC INDS INC CO	COM	285229100	1,066	152,939	SH		SOLE		116,589	0	36,350
ELECTROMED INC COM	COM	285409108	526	106,654	SH		SOLE		106,654	0	0
EMCOR GROUP INC COM	COM	29084Q100	1,177	18,700	SH		SOLE		7,600	0	11,100
ENERGY RECOVERY INC	COM	29270J100	566	68,000	SH		SOLE		68,000	0	0
ENERNOC, INC. 2.250 08/15/19	CONVERTIBLE BOND	292764AB3	248	300,000	PRN		SOLE		300,000	0	0
ENTEGRIS INC COM	COM	29362U104	7,102	303,500	SH		SOLE		232,500	0	71,000
ENTERCOM COMMUNICATIONS CORPCL	COM	293639100	1,197	83,700	SH		SOLE		83,700	0	0
ENTRAVISION COMM CORP CL A	COM	29382R107	5,076	818,763	SH		SOLE		818,763	0	0
EQUITY COMWLTH COM SH BEN INT	COM	294628102	281	9,000	SH		SOLE		5,100	0	3,900
ETHAN ALLEN INTERIORS INC COM	COM	297602104	1,760	57,412	SH		SOLE		39,912	0	17,500
EVINE LIVE INC	COM	300487105	409	319,200	SH		SOLE		319,200	0	0
EXACTECH INC COM	COM	30064E109	5,858	232,473	SH		SOLE		232,473	0	0
EXAR CORP COM	COM	300645108	1,301	100,000	SH		SOLE		100,000	0	0
EXELIXIS INC COM	COM	30161Q104	4,117	190,000	SH		SOLE		190,000	0	0
EXTREME NETWORKS INC COM	COM	30226D106	3,465	461,400	SH		SOLE		361,400	0	100,000
F N B CORP PA COM	COM	302520101	1,124	75,600	SH		SOLE		75,600	0	0
FALCONSTOR SOFTWARE INC COM	COM	306137100	296	745,000	SH		SOLE		745,000	0	0
FARMER BROS CO	COM	307675108	7,283	206,013	SH		SOLE		206,013	0	0
FARMERS NATL BANC CORP COM	COM	309627107	574	40,000	SH		SOLE		40,000	0	0
FARO TECHNOLOGIES INC COM	COM	311642102	740	20,700	SH		SOLE		6,700	0	14,000
FEDERAL SIGNAL CORP COM	COM	313855108	10,219	740,000	SH		SOLE		740,000	0	0
FERRO CORP	COM	315405100	18,187	1,197,300	SH		SOLE		1,197,300	0	0
FIDELITY SOUTHERN CORP	COM	316394105	256	11,418	SH		SOLE		11,418	0	0
FIRST INTERNET BANCORP COM	COM	320557101	944	32,000	SH		SOLE		32,000	0	0
FLOTEK INDS INC DEL COM	COM	343389102	395	30,904	SH		SOLE		30,904	0	0
FLUSHING FINL CORP COM	COM	343873105	16,121	599,970	SH		SOLE		599,970	0	0
FORMFACTOR INC COM	COM	346375108	6,805	574,234	SH		SOLE		480,898	0	93,336
FOSTER L B CO COM	COM	350060109	1,175	94,000	SH		SOLE		94,000	0	0
FREQUENCY ELECTRS INC COM	COM	358010106	220	20,000	SH		SOLE		20,000	0	0
FRP HLDGS INC COM	COM	30292L107	980	24,500	SH		SOLE		24,500	0	0
FTI CONSULTING INC COM	COM	302941109	1,427	34,668	SH		SOLE		13,750	0	20,918
FULL HOUSE RESORTS INC COM	COM	359678109	1,215	500,000	SH		SOLE		500,000	0	0
GAS NAT INC COM	COM	367204104	445	35,000	SH		SOLE		35,000	0	0
GENCOR INDS INC COM	COM	368678108	8,290	554,500	SH		SOLE		554,500	0	0
GENESIS HEALTHCARE INC CL A CO	COM	37185X106	132	50,000	SH		SOLE		50,000	0	0
GENIUS BRANDS INTERN	COM	37229T301	52	14,000	SH		SOLE		14,000	0	0
GENTHERM INC COM	COM	37253A103	526	13,400	SH		SOLE		13,400	0	0
GIBRALTER INDUSTRIES INC	COM	374689107	5,809	141,000	SH		SOLE		141,000	0	0
GLACIER BANCORP INC NEW COM	COM	37637Q105	862	25,400	SH		SOLE		7,900	0	17,500
GLOBAL SOURCES LTD COM	COM	G39300101	3,899	472,642	SH		SOLE		472,642	0	0
GOLDEN ENTERTAINMENT INC	COM	381013101	6,915	522,656	SH		SOLE		522,656	0	0
GORMAN RUPP CO	COM	383082104	3,862	123,000	SH		SOLE		123,000	0	0
GP STRATEGIES CORP COM	COM	36225V104	2,562	101,271	SH		SOLE		101,271	0	0
GRAHAM CORP COM	COM	384556106	796	34,600	SH		SOLE		34,600	0	0
GRAY TELEVISION, INC	COM	389375106	3,734	257,500	SH		SOLE		257,500	0	0
GRAY TELEVISION, INC CL A	COM	389375205	1,065	80,042	SH		SOLE		80,042	0	0
GREENBRIER COS INC	COM	393657101	1,724	40,000	SH		SOLE		40,000	0	0
GRIFFIN INDUSTRIAL REALTY IN	COM	398231100	7,869	254,260	SH		SOLE		254,260	0	0
GRIFFON CORP COM	COM	398433102	10,420	422,703	SH		SOLE		422,703	0	0
GSE SYS INC COM	COM	36227K106	68	20,000	SH		SOLE		20,000	0	0
GUIDANCE SOFTWARE INC COM	COM	401692108	2,125	360,105	SH		SOLE		360,105	0	0
GULFPORT ENERGY CORP COM NEW	COM	402635304	904	52,600	SH		SOLE		24,900	0	27,700
GYRODYNE LLC COM	COM	403829104	262	12,638	SH		SOLE		12,638	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	2,976	80,000	SH		SOLE		80,000	0	0
HALLMARK FINL SVCS INC ECCOM N	COM	40624Q203	2,032	183,860	SH		SOLE		183,860	0	0
HANCOCK HOLDING CO	COM	410120109	683	15,000	SH		SOLE		15,000	0	0
HANDY & HARMAN HOLDINGS LTD	COM	410315105	465	17,095	SH		SOLE		17,095	0	0
HANESBRANDS INC COM	COM	410345102	293	14,091	SH		SOLE		7,991	0	6,100
HAVERTY FURNITURE INC COM	COM	419596101	543	22,300	SH		SOLE		10,300	0	12,000
HAWKINS INC COM	COM	420261109	6,566	134,000	SH		SOLE		134,000	0	0
HAYNES INTERNATIONAL INC	COM	420877201	1,144	30,000	SH		SOLE		30,000	0	0
HC2 HLDGS INC COM	COM	404139107	4,428	714,117	SH		SOLE		714,117	0	0
HEADWATERS INC COM	COM	42210P102	3,172	135,100	SH		SOLE		135,100	0	0
HERC HLDGS INC COM	COM	42704L104	611	12,500	SH		SOLE		12,500	0	0
HERITAGE COMMERCE CORP COM	COM	426927109	436	30,900	SH		SOLE		30,900	0	0
HESKA CORPORATION COM NEW	COM	42805E306	1,312	12,500	SH		SOLE		12,500	0	0
HEXCEL CORP NEW COM	COM	428291108	628	11,504	SH		SOLE		5,304	0	6,200
HOMESTREET INC COM	COM	43785V102	839	30,000	SH		SOLE		30,000	0	0
HOPE BANCORP INC COM	COM	43940T109	1,704	88,896	SH		SOLE		88,896	0	0
HUDSON TECHNOLOGIES INC COM	COM	444144109	711	107,700	SH		SOLE		107,700	0	0
HUTTIG BLDG PRODS INC COM	COM	448451104	7,049	866,000	SH		SOLE		866,000	0	0
ICC HOLDINGS INC	COM	44931Q104	411	25,000	SH		SOLE		25,000	0	0
ICF INTL INC COM	COM	44925C103	962	23,300	SH		SOLE		23,300	0	0
ICU MEDICAL INC	COM	44930G107	1,178	7,714	SH		SOLE		5,622	0	2,092
IMAX CORP COM	COM	45245E109	1,054	31,000	SH		SOLE		31,000	0	0
INFINERA CORPORATION COM	COM	45667G103	697	68,100	SH		SOLE		29,800	0	38,300
INFUSYSTEM HLDGS INC COM	COM	45685K102	1,387	603,135	SH		SOLE		603,135	0	0
INGLES MKTS INC CL A	COM	457030104	7,249	168,000	SH		SOLE		168,000	0	0
INNOPHOS HOLDINGS INC COM	COM	45774N108	378	7,000	SH		SOLE		7,000	0	0
INNOVATIVE SOLUTIONS & SUPPOCO	COM	45769N105	371	123,000	SH		SOLE		123,000	0	0
INSIGNIA SYS INC COM	COM	45765Y105	469	314,509	SH		SOLE		314,509	0	0
INTEGER HOLDINGS CORP	COM	45826H109	925	23,000	SH		SOLE		23,000	0	0
INTERDIGITAL INC 1.5 3/1/20	CONVERTIBLE BOND	458660AD9	261	200,000	PRN		SOLE		200,000	0	0
INTERNAP NETWORK SVCS CORP COM	COM	45885A300	5,208	1,400,000	SH		SOLE		1,400,000	0	0
INTEVAC INC COM	COM	461148108	2,900	232,030	SH		SOLE		232,030	0	0
INTRICON CORP COM	COM	46121H109	1,625	178,617	SH		SOLE		178,617	0	0
INVENTURE FOODS INC	COM	461212102	1,923	435,172	SH		SOLE		435,172	0	0
INVESTORS BANCORP INC	COM	46146L101	1,482	103,046	SH		SOLE		44,250	0	58,796
INVITAE CORP COM	COM	46185L103	564	51,000	SH		SOLE		51,000	0	0
IPHI 1 1/8 12/1/20	CONVERTIBLE BOND	45772FAB3	276	200,000	PRN		SOLE		200,000	0	0
IRIDIUM COMMUNICATIONS INC COM	COM	46269C102	193	20,000	SH		SOLE		20,000	0	0
ITERIS INC	COM	46564T107	109	20,000	SH		SOLE		20,000	0	0
IXIA COM	COM	45071R109	5,895	300,000	SH		SOLE		300,000	0	0
IXYS CORP DEL COM	COM	46600W106	1,363	93,700	SH		SOLE		93,700	0	0
J & J SNACK FOODS CORP	COM	466032109	203	1,500	SH		SOLE		1,500	0	0
JA SOLAR HOLDINGS CO LTD SPON	COM	466090206	256	39,200	SH		SOLE		39,200	0	0
JAMBA INC COM NEW	COM	47023A309	465	51,352	SH		SOLE		51,352	0	0
JASON INDS INC COM	COM	471172106	30	20,000	SH		SOLE		20,000	0	0
JOHN BEAN TECHNOLOGIES CORP CO	COM	477839104	7,709	87,649	SH		SOLE		87,649	0	0
JOHNSON OUTDOORS INC CL A	COM	479167108	365	10,000	SH		SOLE		10,000	0	0
K2M GROUP HLDGS INC COM	COM	48273J107	205	10,000	SH		SOLE		10,000	0	0
KAMAN CORP	COM	483548103	9,496	197,301	SH		SOLE		197,301	0	0
KAR AUCTION SVCS INC COM	COM	48238T109	1,615	36,979	SH		SOLE		36,979	0	0
KEARNY FINL CORP MD COM	COM	48716P108	224	14,900	SH		SOLE		14,900	0	0
KEY TECHNOLOGY INC COM	COM	493143101	1,732	130,607	SH		SOLE		130,607	0	0
KIMBALL ELECTRONICS INC COM	COM	49428J109	2,882	170,000	SH		SOLE		170,000	0	0
KIMBALL INTL INC CL B	COM	494274103	10,395	630,000	SH		SOLE		630,000	0	0
KINDER MORGAN INC WT EXP 05/25	WARRANT AND RIGH	49456B119	4	360,000	SH		SOLE		360,000	0	0
KKR & CO. L.P	COM	48248M102	1,656	90,843	SH		SOLE		90,843	0	0
KOPIN CORP COM	COM	500600101	759	185,000	SH		SOLE		185,000	0	0
LA Z BOY CHAIR CO	COM	505336107	1,593	59,000	SH		SOLE		59,000	0	0
LAKELAND INDS INC.	COM	511795106	123	11,400	SH		SOLE		11,400	0	0
LANDAUER INC	COM	51476K103	390	8,000	SH		SOLE		8,000	0	0
LANDS END INC NEW COM	COM	51509F105	1,480	69,000	SH		SOLE		69,000	0	0
LAWSON PRODS INC COM	COM	520776105	5,943	264,714	SH		SOLE		264,714	0	0
LAYNE CHRISTENSEN CO COM	COM	521050104	1,989	225,000	SH		SOLE		225,000	0	0
LEGACY TEX FINL GROUP INC COM	COM	52471Y106	2,382	59,700	SH		SOLE		19,800	0	39,900
LENDING TREE INC.	COM	52603B107	2,469	19,700	SH		SOLE		19,700	0	0
LIFEWAY FOODS INC COM	COM	531914109	1,666	155,300	SH		SOLE		155,300	0	0
LIMONEIRA CO COM	COM	532746104	2,856	136,590	SH		SOLE		136,590	0	0
LINDSAY CORP	COM	535555106	1,336	15,164	SH		SOLE		15,164	0	0
LITHIA MOTORS INC.	COM	536797103	2,330	27,200	SH		SOLE		27,200	0	0
LSB INDS INC COM	COM	502160104	797	85,000	SH		SOLE		85,000	0	0
LYDALL INC COM	COM	550819106	5,920	110,449	SH		SOLE		110,449	0	0
MACQUARIE INFRASTRUCTURE COMPA	COM	55608B105	1,289	16,000	SH		SOLE		16,000	0	0
MARCUS CORP COM	COM	566330106	11,871	369,812	SH		SOLE		369,812	0	0
MARINE PRODS CORP COM	COM	568427108	8,750	805,000	SH		SOLE		805,000	0	0
MARINEMAX INC COM	COM	567908108	281	13,000	SH		SOLE		13,000	0	0
MARVELL TECHNOLOGY GRP LTD	COM	G5876H105	954	62,500	SH		SOLE		28,300	0	34,200
MATADOR RES CO COM	COM	576485205	930	39,100	SH		SOLE		17,500	0	21,600
MATERIALISE NV SPONSORED ADS	COM	57667T100	91	10,000	SH		SOLE		10,000	0	0
MATERION CORPORATION	COM	576690101	5,898	175,800	SH		SOLE		175,800	0	0
MATTHEWS INTL CORP CL A	COM	577128101	308	4,560	SH		SOLE		4,560	0	0
MCGRATH RENTCORP COM	COM	580589109	1,615	48,100	SH		SOLE		29,100	0	19,000
MDC PARTNERS INC-A	COM	552697104	1,081	115,000	SH		SOLE		115,000	0	0
MEDALLION FINANCIAL CORP	COM	583928106	277	140,000	SH		SOLE		140,000	0	0
MERCADOLIBRE, INC. 2.250 07/0	CONVERTIBLE BOND	58733RAB8	261	150,000	PRN		SOLE		150,000	0	0
MERCURY COMPUTER SYS INC COM	COM	589378108	1,386	35,500	SH		SOLE		35,500	0	0
MERIDIAN BIOSCIENCE INC COM	COM	589584101	2,139	155,000	SH		SOLE		155,000	0	0
MESA LABS INC COM	COM	59064R109	4,209	34,300	SH		SOLE		34,300	0	0
METHODE ELECTRS INC CL A	COM	591520200	1,541	33,800	SH		SOLE		33,800	0	0
MGE ENERGY INC	COM	55277P104	2,340	36,000	SH		SOLE		36,000	0	0
MGP INGREDIENTS INC NEW COM	COM	55303J106	3,899	71,900	SH		SOLE		71,900	0	0
MICRON TECHNOLOGY, INC. 3.000	CONVERTIBLE BOND	595112AY9	224	200,000	PRN		SOLE		200,000	0	0
MIDDLEBY CORP COM	COM	596278101	6,058	44,400	SH		SOLE		44,400	0	0
MIDDLESEX WTR CO COM	COM	596680108	1,106	29,933	SH		SOLE		29,933	0	0
MINERALS TECHNOLOGIES INC	COM	603158106	314	4,100	SH		SOLE		4,100	0	0
MITEK SYS INC COM NEW	COM	606710200	449	67,500	SH		SOLE		67,500	0	0
MITEL NETWORKS CORP COM	COM	60671Q104	379	54,700	SH		SOLE		24,900	0	29,800
MOCON INC COM	COM	607494101	9,298	424,587	SH		SOLE		424,587	0	0
MODINE MFG CO	COM	607828100	3,985	326,600	SH		SOLE		326,600	0	0
MODUSLINK GLOBAL SOLUTIONS I	COM	60786L206	2,970	1,650,000	SH		SOLE		1,650,000	0	0
MONEYGRAM INTERNATIONAL INC CO	COM	60935Y208	168	10,000	SH		SOLE		10,000	0	0
MOTORCAR PTS & ACCESSORS INCCO	COM	620071100	738	24,000	SH		SOLE		24,000	0	0
MOVADO GROUP INC COM	COM	624580106	374	15,000	SH		SOLE		15,000	0	0
MSA SAFETY INC COM	COM	553498106	672	9,500	SH		SOLE		9,500	0	0
MTS SYS CORP COM	COM	553777103	303	5,502	SH		SOLE		5,502	0	0
MUELLER WATER PRODUCTS INC	COM	624758108	591	50,000	SH		SOLE		50,000	0	0
MVC CAP COM	COM	553829102	1,207	134,300	SH		SOLE		134,300	0	0
MYERS INDS INC	COM	628464109	9,714	612,900	SH		SOLE		612,900	0	0
MYR GROUP INC DEL COM	COM	55405W104	5,645	137,674	SH		SOLE		116,374	0	21,300
MYRIAD GENETICS INC COM	COM	62855J104	359	18,700	SH		SOLE		10,300	0	8,400
NAPCO SEC SYS INC COM	COM	630402105	2,581	253,011	SH		SOLE		253,011	0	0
NATHANS FAMOUS INC NEW COM	COM	632347100	12,820	204,634	SH		SOLE		204,634	0	0
NAUTILUS INC	COM	63910B102	1,935	106,031	SH		SOLE		106,031	0	0
NAVIGATOR HOLDINGS LTD SHS	COM	Y62132108	2,063	150,000	SH		SOLE		150,000	0	0
NAVIGATORS GROUP INC COM	COM	638904102	272	5,010	SH		SOLE		0	0	5,010
NAVISTAR INTL CORP COM	COM	63934E108	492	20,000	SH		SOLE		20,000	0	0
NEOGEN CORP COM	COM	640491106	8,046	122,750	SH		SOLE		122,750	0	0
NEOGENOMICS INC COM NEW	COM	64049M209	1,431	181,407	SH		SOLE		181,407	0	0
NETSCOUT SYS INC COM	COM	64115T104	1,820	47,950	SH		SOLE		17,000	0	30,950
NEWPARK RES INC COM PAR$0.01NE	COM	651718504	194	23,900	SH		SOLE		23,900	0	0
NII HLDGS INC COM PAR $0.001	COM	62913F508	260	200,219	SH		SOLE		200,219	0	0
NUTRACEUTICAL INTL CORP COM	COM	67060Y101	5,607	180,000	SH		SOLE		180,000	0	0
NUVA 2 1/4 12/31/21	CONVERTIBLE BOND	670704AG0	205	150,000	PRN		SOLE		150,000	0	0
OAKTREE CAP GROUP LLC UNIT CL	UNITS	674001201	608	13,430	SH		SOLE		5,330	0	8,100
OCEANFIRST FINL CORP COM	COM	675234108	692	24,550	SH		SOLE		24,550	0	0
OFG BANCORP	COM	67103X102	238	20,150	SH		SOLE		20,150	0	0
OIL DRI CORP AMER COM	COM	677864100	4,782	128,300	SH		SOLE		128,300	0	0
OMEGA PROTEIN CORP COM	COM	68210P107	876	43,700	SH		SOLE		43,700	0	0
OMNICELL INC COM	COM	68213N109	2,548	62,677	SH		SOLE		50,162	0	12,515
OMNOVA SOLUTIONS INC COM	COM	682129101	2,574	260,000	SH		SOLE		260,000	0	0
ON SEMICONDUCTOR CORP COM	COM	682189105	2,078	134,120	SH		SOLE		48,600	0	85,520
OPKO HEALTH INC COM	COM	68375N103	1,904	238,000	SH		SOLE		238,000	0	0
ORBCOMM INC COM	COM	68555P100	4,979	521,335	SH		SOLE		521,335	0	0
ORITANI FINL CORP DEL COM	COM	68633D103	981	57,692	SH		SOLE		47,000	0	10,692
ORTHOFIX INTL N V ORD	COM	N6748L102	1,724	45,200	SH		SOLE		45,200	0	0
PAIN THERAPEUTICS INC COM	COM	69562K100	40	45,000	SH		SOLE		45,000	0	0
PARAMOUNT GROUP INC COM	COM	69924R108	211	13,000	SH		SOLE		5,700	0	7,300
PARK ELECTROCHEMICAL CORP COM	COM	700416209	2,349	131,528	SH		SOLE		131,528	0	0
PARK OHIO HLDGS CORP COM	COM	700666100	6,162	171,400	SH		SOLE		171,400	0	0
PATRIOT TRAMSPORTATION HOLDING	COM	70338W105	341	15,000	SH		SOLE		15,000	0	0
PATTERSON COMPANIES INC	COM	703395103	1,330	29,404	SH		SOLE		12,591	0	16,813
PATTERSON-UTI ENERGY INC COM	COM	703481101	1,353	55,746	SH		SOLE		22,700	0	33,046
PFSWEB INC COM NEW	COM	717098206	1,851	283,441	SH		SOLE		283,441	0	0
PIER 1 IMPORTS INC SHS BEN INT	COM	720279108	200	28,000	SH		SOLE		28,000	0	0
PLANTRONICS	COM	727493108	985	18,200	SH		SOLE		6,500	0	11,700
POWELL INDS INC COM	COM	739128106	692	20,103	SH		SOLE		20,103	0	0
PREFORMED LINE PRODS CO COM	COM	740444104	302	5,788	SH		SOLE		5,788	0	0
PRG-SCHULTZ INTERNATIONAL INCO	COM	69357C503	1,013	158,259	SH		SOLE		158,259	0	0
PROGRESS SOFTWARE CORP COM	COM	743312100	1,196	41,158	SH		SOLE		16,100	0	25,058
PROOFPOINT, INC. 0.750 06/15/	CONVERTIBLE BOND	743424AD5	228	200,000	PRN		SOLE		200,000	0	0
PTC INC COM	COM	69370C100	875	16,646	SH		SOLE		3,900	0	12,746
PZENA INVESTMENT MGMT INC CLAS	COM	74731Q103	1,574	160,000	SH		SOLE		160,000	0	0
QUIDEL CORP COM	COM	74838J101	3,329	147,061	SH		SOLE		147,061	0	0
QUIDEL CORP. 3.250 02/15/20	CONVERTIBLE BOND	74838JAA9	205	200,000	PRN		SOLE		200,000	0	0
QUMU CORP COM	COM	749063103	537	190,389	SH		SOLE		190,389	0	0
RAVEN INDS INC COM	COM	754212108	729	25,080	SH		SOLE		25,080	0	0
READING INTERNATIONAL INC CL B	COM	755408200	1,204	70,804	SH		SOLE		70,804	0	0
READING INTL INC CL A	COM	755408101	5,651	363,623	SH		SOLE		363,623	0	0
RENASANT CORP COM	COM	75970E107	1,467	36,971	SH		SOLE		36,971	0	0
RGC RES INC COM	COM	74955L103	1,449	65,850	SH		SOLE		65,850	0	0
RH COM	COM	74967X103	717	15,500	SH		SOLE		7,400	0	8,100
RLJ ENTMT INC COM NEW	COM	74965F203	807	325,400	SH		SOLE		325,400	0	0
RPC INC. COMMON	COM	749660106	1,602	87,500	SH		SOLE		87,500	0	0
RTI BIOLOGICS INC COM	COM	74975N105	264	66,000	SH		SOLE		66,000	0	0
RUBICON PROJ INC COM	COM	78112V102	71	12,100	SH		SOLE		12,100	0	0
RUSH ENTERPRISES INC CL A	COM	781846209	1,968	59,505	SH		SOLE		52,005	0	7,500
RUSH ENTERPRISES INC CL B	COM	781846308	3,243	104,005	SH		SOLE		104,005	0	0
RYMAN HOSPITALITY PPTYS INC CO	COM	78377T107	618	10,000	SH		SOLE		10,000	0	0
SAFEGUARD SCIENTIFICS INC COM	COM	786449207	883	69,524	SH		SOLE		69,524	0	0
SALEM COMMUNICATIONS CORP DECL	COM	794093104	4,619	620,008	SH		SOLE		620,008	0	0
SANFILIPPO JOHN B & SON INC CO	COM	800422107	1,649	22,531	SH		SOLE		22,531	0	0
SANOFI-AVENTIS-CVR	WARRANT AND RIGH	80105N113	180	400,000	SH		SOLE		400,000	0	0
SCHMITT INDS INC ORE COM NEW	COM	806870200	131	82,000	SH		SOLE		82,000	0	0
SCHULMAN A INC COM	COM	808194104	2,154	68,500	SH		SOLE		51,100	0	17,400
SCIENTIFIC GAMES CORP CL A	COM	80874P109	3,902	165,000	SH		SOLE		165,000	0	0
SCRIPPS E W CO OHIO CL A	COM	811054402	21,238	906,048	SH		SOLE		906,048	0	0
SEQUENTIAL BRNDS GROUP INC NEW	COM	81734P107	39	10,000	SH		SOLE		10,000	0	0
SEVCON INC	COM	81783K108	7,572	518,604	SH		SOLE		518,604	0	0
SHENANDOAH TELECOMMUNICATIONCD	COM	82312B106	13,520	482,000	SH		SOLE		482,000	0	0
SHILOH INDS INC COM	COM	824543102	995	73,000	SH		SOLE		73,000	0	0
SILVERCREST ASSET MGMT GROUPCL	COM	828359109	1,131	85,000	SH		SOLE		85,000	0	0
SINCLAIR BROADCAST GROUP INCCL	COM	829226109	1,337	33,000	SH		SOLE		33,000	0	0
SJW GROUP	COM	784305104	4,851	100,606	SH		SOLE		100,606	0	0
SKYLINE CORP	COM	830830105	457	48,500	SH		SOLE		48,500	0	0
SNYDERS LANCE INC COM	COM	833551104	9,820	243,600	SH		SOLE		243,600	0	0
SONIC AUTOMOTIVE INC CL A	COM	83545G102	1,333	66,500	SH		SOLE		66,500	0	0
SOUTH ST CORP COM	COM	840441109	268	2,995	SH		SOLE		2,995	0	0
SOUTHWEST BANCORP INC OKLA COM	COM	844767103	970	37,094	SH		SOLE		28,394	0	8,700
SPARTANNASH CO COM	COM	847215100	210	6,000	SH		SOLE		6,000	0	0
SPWR 4 1/15/23	CONVERTIBLE BOND	867652AL3	239	300,000	PRN		SOLE		300,000	0	0
STANDARD MTR PRODS INC CLASS A	COM	853666105	6,005	122,200	SH		SOLE		122,200	0	0
STANDEX INTL CORP	COM	854231107	2,804	28,000	SH		SOLE		28,000	0	0
STANLEY FURNITURE INC COM NEW	COM	854305208	20	25,000	SH		SOLE		25,000	0	0
STARRETT L S CO CL A	COM	855668109	3,598	342,677	SH		SOLE		342,677	0	0
STATE BK FINL CORP COM	COM	856190103	1,063	40,700	SH		SOLE		30,300	0	10,400
STEEL PARTNERS HLDGS L P	COM	85814R107	11,847	617,046	SH		SOLE		617,046	0	0
STERIS PLC SHARES	COM	G84720104	243	3,500	SH		SOLE		3,500	0	0
STERLING BANCORP/DE	COM	85917A100	3,399	143,409	SH		SOLE		143,409	0	0
STIFEL FINL CORP COM	COM	860630102	880	17,532	SH		SOLE		5,500	0	12,032
STONERIDGE INC	COM	86183P102	5,058	278,824	SH		SOLE		278,824	0	0
STRATASYS LTD SHS	COM	M85548101	850	41,500	SH		SOLE		24,500	0	17,000
STRATTEC SECURITY CORP.	COM	863111100	4,926	177,200	SH		SOLE		177,200	0	0
SUNOPTA INC COM	COM	8676EP108	2,166	311,664	SH		SOLE		311,664	0	0
SUPERIOR INDS INTL INC	COM	868168105	12,041	475,000	SH		SOLE		475,000	0	0
SURMODICS INC COM	COM	868873100	6,657	276,792	SH		SOLE		276,792	0	0
SVB FINL GROUP COM	COM	78486Q101	325	1,745	SH		SOLE		148	0	1,597
SYNERON MEDICAL LTD ORD SHS	COM	M87245102	1,068	101,249	SH		SOLE		101,249	0	0
TEAM INC COM	COM	878155100	4,701	173,800	SH		SOLE		173,800	0	0
TEJON RANCH CO DEL COM	COM	879080109	2,933	134,000	SH		SOLE		134,000	0	0
TENNANT CO	COM	880345103	3,582	49,300	SH		SOLE		49,300	0	0
TENNECO INC	COM	880349105	2,310	37,000	SH		SOLE		37,000	0	0
TESCO CORP COM	COM	88157K101	466	57,900	SH		SOLE		57,900	0	0
TETRAPHASE PHARMACEUTICALS ICO	COM	88165N105	276	30,000	SH		SOLE		30,000	0	0
THESTREET INC	COM	88368Q103	53	70,000	SH		SOLE		70,000	0	0
TIMKENSTEEL CORP COM	COM	887399103	1,399	74,000	SH		SOLE		74,000	0	0
TITAN INTL INC ILL COM	COM	88830M102	362	35,000	SH		SOLE		35,000	0	0
TITAN MACHY INC COM	COM	88830R101	1,794	116,933	SH		SOLE		116,933	0	0
TOWER INTL INC COM	COM	891826109	906	33,425	SH		SOLE		33,425	0	0
TOWNSQUARE MEDIA INC CL A	COM	892231101	1,145	94,000	SH		SOLE		94,000	0	0
TRANSACT TECHNOLOGIES INC COM	COM	892918103	1,079	133,200	SH		SOLE		133,200	0	0
TREDEGAR INDS INC	COM	894650100	6,709	382,260	SH		SOLE		382,260	0	0
TRINITY BIOTECH PLC SPON ADR N	COM	896438306	1,376	230,930	SH		SOLE		230,930	0	0
TRISTATE CAP HLDGS INC COM	COM	89678F100	234	10,000	SH		SOLE		10,000	0	0
TRONC INC COM	COM	89703P107	365	26,257	SH		SOLE		26,257	0	0
TRUSTCO BK CORP N Y COM	COM	898349105	510	65,000	SH		SOLE		65,000	0	0
TUESDAY MORNING CORP COM NEW	COM	899035505	53	14,000	SH		SOLE		14,000	0	0
TWIN DISC INC COM	COM	901476101	6,913	336,069	SH		SOLE		336,069	0	0
TYLER TECHNOLOGIES INC COM	COM	902252105	526	3,400	SH		SOLE		3,400	0	0
ULTRA CLEAN HLDGS INC COM	COM	90385V107	2,649	157,000	SH		SOLE		157,000	0	0
ULTRALIFE BATTERIES INC COM	COM	903899102	136	25,000	SH		SOLE		25,000	0	0
ULTRATECH INC COM	COM	904034105	2,947	99,500	SH		SOLE		99,500	0	0
UMPQUA HLDGS CORP COM	COM	904214103	371	20,886	SH		SOLE		14,250	0	6,636
UNITED FINANCIAL BANCORP INC	COM	910304104	2,854	167,800	SH		SOLE		149,600	0	18,200
UNITED GUARDIAN INC COM	COM	910571108	1,149	77,400	SH		SOLE		77,400	0	0
UNITED NAT FOODS INC COM	COM	911163103	987	22,836	SH		SOLE		9,836	0	13,000
UNIVERSAL TECHNICAL INST INCCO	COM	913915104	276	80,000	SH		SOLE		80,000	0	0
UTAH MED PRODS INC COM	COM	917488108	322	5,174	SH		SOLE		5,174	0	0
VALUE LINE INC	COM	920437100	569	33,089	SH		SOLE		33,089	0	0
VERSUM MATLS INC COM	COM	92532W103	624	20,388	SH		SOLE		8,412	0	11,976
VIAD CORP COM NEW	COM	92552R406	1,685	37,282	SH		SOLE		37,282	0	0
VICOR CORP COM	COM	925815102	1,115	69,232	SH		SOLE		69,232	0	0
VIDEOCON D2H LTD ADR	COM	92657J101	479	41,675	SH		SOLE		41,675	0	0
VILLAGE SUPER MKT INC CL A NEW	COM	927107409	1,128	42,581	SH		SOLE		42,581	0	0
VISHAY INTERTECHNOLOGY INC	COM	928298108	200	12,145	SH		SOLE		5,250	0	6,895
VSI 2 1/4 12/01/20	CONVERTIBLE BOND	92849EAB7	171	200,000	PRN		SOLE		200,000	0	0
WABASH NATL CORP COM	COM	929566107	1,448	70,000	SH		SOLE		70,000	0	0
WASHINGTON FED INC	COM	938824109	909	27,450	SH		SOLE		8,900	0	18,550
WASHINGTON TR BANCORP COM	COM	940610108	2,959	60,020	SH		SOLE		49,900	0	10,120
WATERSTONE FINL INC MD COM	COM	94188P101	1,790	98,100	SH		SOLE		88,000	0	10,100
WESTERN NEW ENGLAND BANCORP	COM	958892101	915	87,100	SH		SOLE		87,100	0	0
WILLAMETTE VY VINEYARD INC COM	COM	969136100	184	23,000	SH		SOLE		23,000	0	0
WINDSTREAM HLDGS INC COM NEW	COM	97382A200	2,877	527,914	SH		SOLE		527,914	0	0
WINNEBAGO INDS INC COM	COM	974637100	1,784	61,000	SH		SOLE		61,000	0	0
WOODWARD INC	COM	980745103	370	5,450	SH		SOLE		3,400	0	2,050
WORLD WRESTLING ENTERTAINMENT	COM	98156Q108	755	34,000	SH		SOLE		34,000	0	0
XENITH BANKSHARES INC NEW	COM	984102202	444	17,512	SH		SOLE		17,512	0	0
XO GROUP INC COM	COM	983772104	1,291	74,991	SH		SOLE		74,991	0	0
YORK WTR CO COM	COM	987184108	1,543	44,037	SH		SOLE		44,037	0	0
ZAGG INC COM	COM	98884U108	638	88,600	SH		SOLE		88,600	0	0