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	EQUITY	68243Q106	1,453,120	152,000	SH		SOLE		152,000	0	0
2U INC 2.250 05/01/25 CVT	BOND CONVERTIBLE	90214JAB7	717,497	1,100,000	PRN		SOLE		1,100,000	0	0
A10 NETWORKS INC	EQUITY	002121101	931,280	56,000	SH		SOLE		56,000	0	0
ACCURAY INC	EQUITY	004397105	135,850	65,000	SH		SOLE		65,000	0	0
ACME UNITED CORP	EQUITY	004816104	1,204,500	55,000	SH		SOLE		55,000	0	0
AEROJET ROCKETDYNE HOLDINGS	EQUITY	007800105	15,101,100	270,000	SH		SOLE		270,000	0	0
AGILYSYS INC	EQUITY	00847J105	316,560	4,000	SH		SOLE		4,000	0	0
AKAMAI TECHNOLOGIES INC 0.375 09/01/27 CVT	BOND CONVERTIBLE	00971TAL5	291,366	300,000	PRN		SOLE		300,000	0	0
ALITHYA GROUP INC-CLASS A	EQUITY	01643B106	1,075,232	716,821	SH		SOLE		716,821	0	0
ALLIED MOTION TECHNOLOGIES	EQUITY	019330109	4,434,794	127,400	SH		SOLE		127,400	0	0
AMERICAN OUTDOOR BRANDS INC	EQUITY	02875D109	1,122,240	112,000	SH		SOLE		112,000	0	0
AMERICAN SOFTWARE INC-CL A	EQUITY	029683109	1,967,120	134,000	SH		SOLE		134,000	0	0
AMERICAN VANGUARD CORP	EQUITY	030371108	434,200	20,000	SH		SOLE		20,000	0	0
AMPCO-PITTSBURGH CORP	EQUITY	032037103	335,125	133,516	SH		SOLE		133,516	0	0
AMPCO-PITTSBURGH CORP WARRANTS 8/1/25	WARRANT	032037111	7,403	47,000	SH		SOLE		47,000	0	0
ANTERIX INC	EQUITY	03676C100	2,026,710	63,000	SH		SOLE		63,000	0	0
ARLO TECHNOLOGIES INC	EQUITY	04206A101	515,970	147,000	SH		SOLE		147,000	0	0
ARRAY TECHNOLOGIES INC 1.000 12/01/28 CVT	BOND CONVERTIBLE	04271TAB6	891,978	878,000	PRN		SOLE		878,000	0	0
ARTESIAN RESOURCES CORP-CL A	EQUITY	043113208	2,028,391	34,626	SH		SOLE		34,626	0	0
ASTEC INDUSTRIES INC	EQUITY	046224101	7,806,720	192,000	SH		SOLE		192,000	0	0
ASTRONICS CORP	EQUITY	046433108	2,451,400	238,000	SH		SOLE		238,000	0	0
ATLANTIC AMERICAN CORP	EQUITY	048209100	51,502	22,000	SH		SOLE		22,000	0	0
ATLANTIC UNION BANKSHARES CO	EQUITY	04911A107	1,466,884	41,744	SH		SOLE		41,744	0	0
AVID TECHNOLOGY INC	EQUITY	05367P100	797,700	30,000	SH		SOLE		30,000	0	0
AZZ INC	EQUITY	002474104	611,040	15,200	SH		SOLE		15,200	0	0
BADGER METER INC	EQUITY	056525108	741,404	6,800	SH		SOLE		6,800	0	0
BALLY'S CORP	EQUITY	05875B106	445,042	22,964	SH		SOLE		22,964	0	0
BANDWIDTH INC 0.250 03/01/26 CVT	BOND CONVERTIBLE	05988JAB9	531,006	700,000	PRN		SOLE		700,000	0	0
BANK7 CORP	EQUITY	06652N107	353,280	13,800	SH		SOLE		13,800	0	0
BASSETT FURNITURE INDS	EQUITY	070203104	481,426	27,700	SH		SOLE		27,700	0	0
BEASLEY BROADCAST GRP INC -A	EQUITY	074014101	283,452	308,000	SH		SOLE		308,000	0	0
BELLRING BRANDS INC	EQUITY	07831C103	384,600	15,000	SH		SOLE		15,000	0	0
BERKSHIRE HILLS BANCORP INC	EQUITY	084680107	337,123	11,275	SH		SOLE		11,275	0	0
BIG 5 SPORTING GOODS CORP	EQUITY	08915P101	141,280	16,000	SH		SOLE		16,000	0	0
BLOOM ENERGY CORP 2.500 08/15/25 CVT	BOND CONVERTIBLE	093712AH0	654,866	485,000	PRN		SOLE		485,000	0	0
BOYD GAMING CORP	EQUITY	103304101	1,038,851	19,051	SH		SOLE		19,051	0	0
CADENCE BANK	EQUITY	12740C103	375,818	15,240	SH		SOLE		15,240	0	0
CAESARS ENTERTAINMENT INC	EQUITY	12769G100	852,800	20,500	SH		SOLE		20,500	0	0
CALAVO GROWERS INC	EQUITY	128246105	1,455,300	49,500	SH		SOLE		49,500	0	0
CALIFORNIA WATER SERVICE GRP	EQUITY	130788102	1,431,104	23,600	SH		SOLE		23,600	0	0
CAPITAL CITY BANK GROUP INC	EQUITY	139674105	2,593,500	79,800	SH		SOLE		79,800	0	0
CARDIOVASCULAR SYSTEMS INC	EQUITY	141619106	482,148	35,400	SH		SOLE		35,400	0	0
CARDLYTICS INC 1.000 09/15/25 CVT	BOND CONVERTIBLE	14161WAB1	339,183	780,000	PRN		SOLE		780,000	0	0
CASELLA WASTE SYSTEMS INC-A	EQUITY	147448104	3,505,502	44,200	SH		SOLE		44,200	0	0
CAVCO INDUSTRIES INC	EQUITY	149568107	4,624,550	20,440	SH		SOLE		20,440	0	0
CHART INDUSTRIES INC 6.750 12/15/25 SR:B CVT	PREFERRED CONVER	16115Q407	354,480	7,000	SH		SOLE		7,000	0	0
CHASE CORP	EQUITY	16150R104	2,932,840	34,000	SH		SOLE		34,000	0	0
CHESAPEAKE UTILITIES CORP	EQUITY	165303108	1,084,892	9,180	SH		SOLE		9,180	0	0
CHURCHILL DOWNS INC	EQUITY	171484108	674,462	3,190	SH		SOLE		3,190	0	0
CIRCOR INTERNATIONAL INC	EQUITY	17273K109	1,485,520	62,000	SH		SOLE		62,000	0	0
CITIZENS & NORTHERN CORP	EQUITY	172922106	378,562	16,560	SH		SOLE		16,560	0	0
COHERUS BIOSCIENCES INC 1.500 04/15/26 CVT	BOND CONVERTIBLE	19249HAB9	330,492	505,000	PRN		SOLE		505,000	0	0
COLUMBUS MCKINNON CORP/NY	EQUITY	199333105	2,240,430	69,000	SH		SOLE		69,000	0	0
COMMERCIAL VEHICLE GROUP INC	EQUITY	202608105	1,913,610	281,000	SH		SOLE		281,000	0	0
COMTECH TELECOMMUNICATIONS	EQUITY	205826209	2,173,060	179,000	SH		SOLE		179,000	0	0
CONMED CORP 2.625 02/01/24 CVT	BOND CONVERTIBLE	207410AF8	404,604	350,000	PRN		SOLE		350,000	0	0
CONSOLIDATED WATER CO-ORD SH	EQUITY	G23773107	852,480	57,600	SH		SOLE		57,600	0	0
CORE MOLDING TECHNOLOGIES IN	EQUITY	218683100	2,071,905	159,500	SH		SOLE		159,500	0	0
CTS CORP	EQUITY	126501105	8,419,324	213,580	SH		SOLE		213,580	0	0
CUTERA INC	EQUITY	232109108	10,111,345	228,660	SH		SOLE		228,660	0	0
CUTERA INC 2.250 03/15/26 CVT	BOND CONVERTIBLE	232109AB4	446,004	300,000	PRN		SOLE		300,000	0	0
DAKTRONICS INC	EQUITY	234264109	123,516	43,800	SH		SOLE		43,800	0	0
DANA INC	EQUITY	235825205	718,675	47,500	SH		SOLE		47,500	0	0
DAWSON GEOPHYSICAL CO	EQUITY	239360100	47,040	24,000	SH		SOLE		24,000	0	0
DENNY'S CORP	EQUITY	24869P104	524,970	57,000	SH		SOLE		57,000	0	0
DHI GROUP INC	EQUITY	23331S100	238,050	45,000	SH		SOLE		45,000	0	0
DIEBOLD NIXDORF INC	EQUITY	253651103	157,620	111,000	SH		SOLE		111,000	0	0
DIGI INTERNATIONAL INC	EQUITY	253798102	365,500	10,000	SH		SOLE		10,000	0	0
DIME COMMUNITY BANCSHARES IN	EQUITY	25432X102	671,963	21,111	SH		SOLE		21,111	0	0
DISH NETWORK CORP 0.000 12/15/25 CVT	BOND CONVERTIBLE	25470MAF6	449,155	700,000	PRN		SOLE		700,000	0	0
DISTRIBUTION SOLUTIONS GROUP	EQUITY	520776105	6,745,380	183,000	SH		SOLE		183,000	0	0
DUCOMMUN INC	EQUITY	264147109	8,894,878	178,040	SH		SOLE		178,040	0	0
EASTERN CO/THE	EQUITY	276317104	5,699,168	295,600	SH		SOLE		295,600	0	0
EDGIO INC 3.500 08/01/25 CVT	BOND CONVERTIBLE	53261MAB0	430,560	500,000	PRN		SOLE		500,000	0	0
ELECTROMED INC	EQUITY	285409108	368,640	35,142	SH		SOLE		35,142	0	0
ENERGY RECOVERY INC	EQUITY	29270J100	614,700	30,000	SH		SOLE		30,000	0	0
EW SCRIPPS CO NEW	EQUITY	811054402	4,499,109	341,100	SH		SOLE		341,100	0	0
EXELIXIS INC	EQUITY	30161Q104	970,420	60,500	SH		SOLE		60,500	0	0
FARMER BROS CO	EQUITY	307675108	1,908,540	414,000	SH		SOLE		414,000	0	0
FARMERS NATL BANC CORP	EQUITY	309627107	564,800	40,000	SH		SOLE		40,000	0	0
FEDERAL SIGNAL CORP	EQUITY	313855108	4,228,770	91,000	SH		SOLE		91,000	0	0
FIRST INTERNET BANCORP	EQUITY	320557101	641,963	26,440	SH		SOLE		26,440	0	0
FLUSHING FINANCIAL CORP	EQUITY	343873105	7,350,834	379,300	SH		SOLE		379,300	0	0
FNB CORP	EQUITY	302520101	965,700	74,000	SH		SOLE		74,000	0	0
FOSTER (LB) CO-A	EQUITY	350060109	1,427,597	147,479	SH		SOLE		147,479	0	0
FREQUENCY ELECTRONICS INC	EQUITY	358010106	74,025	10,500	SH		SOLE		10,500	0	0
FRP HOLDINGS INC	EQUITY	30292L107	1,050,270	19,500	SH		SOLE		19,500	0	0
FS BANCORP INC	EQUITY	30263Y104	1,073,959	32,116	SH		SOLE		32,116	0	0
FUBOTV INC 3.250 02/15/26 CVT	BOND CONVERTIBLE	35953DAB0	169,060	360,000	PRN		SOLE		360,000	0	0
GAMBLING.COM GROUP LTD	EQUITY	G3R239101	1,655,098	180,885	SH		SOLE		180,885	0	0
GAN LTD	EQUITY	G3728V109	42,000	28,000	SH		SOLE		28,000	0	0
GARRETT MOTION INC	EQUITY	366505105	381,000	50,000	SH		SOLE		50,000	0	0
GENCOR INDUSTRIES INC	EQUITY	368678108	4,797,500	475,000	SH		SOLE		475,000	0	0
GENIUS SPORTS LTD	EQUITY	G3934V109	71,400	20,000	SH		SOLE		20,000	0	0
GENTHERM INC	EQUITY	37253A103	795,885	12,190	SH		SOLE		12,190	0	0
GIBRALTAR INDUSTRIES INC	EQUITY	374689107	3,945,680	86,000	SH		SOLE		86,000	0	0
GOLDEN ENTERTAINMENT INC	EQUITY	381013101	4,525,400	121,000	SH		SOLE		121,000	0	0
GORMAN-RUPP CO	EQUITY	383082104	2,203,320	86,000	SH		SOLE		86,000	0	0
GRAHAM CORP	EQUITY	384556106	1,077,440	112,000	SH		SOLE		112,000	0	0
GRAY TELEVISION INC	EQUITY	389375106	2,698,133	241,120	SH		SOLE		241,120	0	0
GRAY TELEVISION INC-A	EQUITY	389375205	943,065	86,600	SH		SOLE		86,600	0	0
GRIFFON CORP	EQUITY	398433102	1,252,650	35,000	SH		SOLE		35,000	0	0
GYRODYNE LLC	EQUITY	403829104	130,718	16,138	SH		SOLE		16,138	0	0
HANOVER BANCORP INC/NY	EQUITY	410710206	305,850	15,000	SH		SOLE		15,000	0	0
HAWKINS INC	EQUITY	420261109	2,773,024	71,840	SH		SOLE		71,840	0	0
HERC HOLDINGS INC	EQUITY	42704L104	749,949	5,700	SH		SOLE		5,700	0	0
HOMESTREET INC	EQUITY	43785V102	752,934	27,300	SH		SOLE		27,300	0	0
I3 VERTICALS INC-CLASS A	EQUITY	46571Y107	2,477,593	101,791	SH		SOLE		101,791	0	0
I3 VERTICALS LLC 1.000 02/15/25 CVT	BOND CONVERTIBLE	44933TAB2	446,175	500,000	PRN		SOLE		500,000	0	0
IAA INC	EQUITY	449253103	520,000	13,000	SH		SOLE		13,000	0	0
ICC HOLDINGS INC	EQUITY	44931Q104	267,750	17,000	SH		SOLE		17,000	0	0
ICF INTERNATIONAL INC	EQUITY	44925C103	1,959,209	19,780	SH		SOLE		19,780	0	0
IMAX CORP	EQUITY	45245E109	439,800	30,000	SH		SOLE		30,000	0	0
IMPINJ INC 1.125 05/15/27 CVT	BOND CONVERTIBLE	453204AD1	906,218	750,000	PRN		SOLE		750,000	0	0
INDUS REALTY TRUST INC	EQUITY	45580R103	7,967,995	125,500	SH		SOLE		125,500	0	0
INFINERA CORP 2.500 03/01/27 CVT	BOND CONVERTIBLE	45667GAE3	557,900	500,000	PRN		SOLE		500,000	0	0
INFUSYSTEM HOLDINGS INC	EQUITY	45685K102	1,736,000	200,000	SH		SOLE		200,000	0	0
INGLES MARKETS INC-CLASS A	EQUITY	457030104	434,070	4,500	SH		SOLE		4,500	0	0
INNOVATE CORP	EQUITY	45784J105	504,900	270,000	SH		SOLE		270,000	0	0
INNOVATIVE SOLUTIONS & SUPP	EQUITY	45769N105	871,320	106,000	SH		SOLE		106,000	0	0
INSPIRED ENTERTAINMENT INC	EQUITY	45782N108	3,909,227	308,542	SH		SOLE		308,542	0	0
INSULET CORPORATION 0.375 09/01/26 CVT	BOND CONVERTIBLE	45784PAK7	707,600	500,000	PRN		SOLE		500,000	0	0
INTEGER HOLDINGS CORP	EQUITY	45826H109	1,487,636	21,730	SH		SOLE		21,730	0	0
INTEVAC INC	EQUITY	461148108	1,759,840	272,000	SH		SOLE		272,000	0	0
INVACARE CORP 4.250 03/15/26 CVT	BOND CONVERTIBLE	461203AQ4	171,108	365,000	PRN		SOLE		365,000	0	0
INVITAE CORP	EQUITY	46185L103	18,600	10,000	SH		SOLE		10,000	0	0
ISPECIMEN INC	EQUITY	45032V108	55,000	40,000	SH		SOLE		40,000	0	0
JOHN BEAN TECHNOLOGIES CORP	EQUITY	477839104	913,300	10,000	SH		SOLE		10,000	0	0
JOHNSON OUTDOORS INC-A	EQUITY	479167108	330,600	5,000	SH		SOLE		5,000	0	0
KAMAN CORP	EQUITY	483548103	2,114,709	94,830	SH		SOLE		94,830	0	0
KAR AUCTION SERVICES INC	EQUITY	48238T109	414,990	31,800	SH		SOLE		31,800	0	0
KIMBALL ELECTRONICS INC	EQUITY	49428J109	799,686	35,400	SH		SOLE		35,400	0	0
KIMBALL INTERNATIONAL-B	EQUITY	494274103	1,514,500	233,000	SH		SOLE		233,000	0	0
KKR & CO INC	EQUITY	48251W104	2,831,620	61,000	SH		SOLE		61,000	0	0
LANDS' END INC	EQUITY	51509F105	166,980	22,000	SH		SOLE		22,000	0	0
LA-Z-BOY INC	EQUITY	505336107	753,060	33,000	SH		SOLE		33,000	0	0
LEE ENTERPRISES	EQUITY	523768406	361,920	19,500	SH		SOLE		19,500	0	0
LEGACY HOUSING CORP	EQUITY	52472M101	1,530,072	80,700	SH		SOLE		80,700	0	0
LEMAITRE VASCULAR INC	EQUITY	525558201	253,110	5,500	SH		SOLE		5,500	0	0
LENDINGTREE INC 0.500 07/15/25 CVT	BOND CONVERTIBLE	52603BAD9	181,055	250,000	PRN		SOLE		250,000	0	0
LIFETIME BRANDS INC	EQUITY	53222Q103	1,857,083	244,675	SH		SOLE		244,675	0	0
LIMONEIRA CO	EQUITY	532746104	2,368,740	194,000	SH		SOLE		194,000	0	0
MANITOWOC COMPANY INC	EQUITY	563571405	174,040	19,000	SH		SOLE		19,000	0	0
MARCUS CORPORATION	EQUITY	566330106	1,043,275	72,500	SH		SOLE		72,500	0	0
MARINE PRODUCTS CORP	EQUITY	568427108	4,585,133	389,561	SH		SOLE		389,561	0	0
MARINEMAX INC	EQUITY	567908108	405,860	13,000	SH		SOLE		13,000	0	0
MATERIALISE NV-ADR	DEPOSITORY RECEI	57667T100	88,000	10,000	SH		SOLE		10,000	0	0
MEDALLION FINANCIAL CORP	EQUITY	583928106	687,753	96,324	SH		SOLE		96,324	0	0
MERCADOLIBRE INC 2.000 08/15/28 CVT	BOND CONVERTIBLE	58733RAD4	610,122	300,000	PRN		SOLE		300,000	0	0
MESA LABORATORIES INC	EQUITY	59064R109	664,840	4,000	SH		SOLE		4,000	0	0
METHODE ELECTRONICS INC	EQUITY	591520200	758,283	17,090	SH		SOLE		17,090	0	0
MIDDLEBY CORP	EQUITY	596278101	2,278,978	17,020	SH		SOLE		17,020	0	0
MIDDLESEX WATER CO	EQUITY	596680108	515,525	6,553	SH		SOLE		6,553	0	0
MINERALS TECHNOLOGIES INC	EQUITY	603158106	212,520	3,500	SH		SOLE		3,500	0	0
MITEK SYSTEMS INC	EQUITY	606710200	1,327,530	137,000	SH		SOLE		137,000	0	0
MODINE MANUFACTURING CO	EQUITY	607828100	5,391,990	271,500	SH		SOLE		271,500	0	0
MOTORCAR PARTS OF AMERICA IN	EQUITY	620071100	213,480	18,000	SH		SOLE		18,000	0	0
MOVADO GROUP INC	EQUITY	624580106	1,338,375	41,500	SH		SOLE		41,500	0	0
MSA SAFETY INC	EQUITY	553498106	1,124,682	7,800	SH		SOLE		7,800	0	0
MYERS INDUSTRIES INC	EQUITY	628464109	15,191,315	683,370	SH		SOLE		683,370	0	0
MYR GROUP INC/DELAWARE	EQUITY	55405W104	2,089,989	22,700	SH		SOLE		22,700	0	0
NAPCO SECURITY TECHNOLOGIES	EQUITY	630402105	329,760	12,000	SH		SOLE		12,000	0	0
NATHAN'S FAMOUS INC	EQUITY	632347100	14,596,869	217,183	SH		SOLE		217,183	0	0
NATURAL GROCERS BY VITAMIN C	EQUITY	63888U108	146,240	16,000	SH		SOLE		16,000	0	0
NAUTILUS INC	EQUITY	63910B102	15,300	10,000	SH		SOLE		10,000	0	0
NAVIGATOR HOLDINGS LTD	EQUITY	Y62132108	1,196,000	100,000	SH		SOLE		100,000	0	0
NCL CORPORATION LTD 1.125 02/15/27 CVT	BOND CONVERTIBLE	62886HBD2	168,633	223,000	PRN		SOLE		223,000	0	0
NCL CORPORATION LTD 5.375 08/01/25 CVT	BOND CONVERTIBLE	62886HAX9	255,245	250,000	PRN		SOLE		250,000	0	0
NEOGEN CORP	EQUITY	640491106	3,228,760	212,000	SH		SOLE		212,000	0	0
NEOGENOMICS INC	EQUITY	64049M209	559,020	60,500	SH		SOLE		60,500	0	0
NEURONETICS INC	EQUITY	64131A105	398,460	58,000	SH		SOLE		58,000	0	0
NEXTERA ENERGY INC 6.926 09/01/25 CVT	PREFERRED CONVER	65339F713	250,950	5,000	SH		SOLE		5,000	0	0
NICE LTD 0.000 09/15/25 CVT	BOND CONVERTIBLE	653656AB4	404,867	430,000	PRN		SOLE		430,000	0	0
NICE SYSTEMS INC 1.250 01/15/24 CVT	BOND CONVERTIBLE	65366HAB9	471,596	205,000	PRN		SOLE		205,000	0	0
NORTHRIM BANCORP INC	EQUITY	666762109	229,030	4,197	SH		SOLE		4,197	0	0
OCEANFIRST FINANCIAL CORP	EQUITY	675234108	412,038	19,390	SH		SOLE		19,390	0	0
OIL-DRI CORP OF AMERICA	EQUITY	677864100	741,905	22,120	SH		SOLE		22,120	0	0
OMNICELL INC	EQUITY	68213N109	327,730	6,500	SH		SOLE		6,500	0	0
OPKO HEALTH INC	EQUITY	68375N103	237,500	190,000	SH		SOLE		190,000	0	0
OPTION CARE HEALTH INC	EQUITY	68404L201	631,890	21,000	SH		SOLE		21,000	0	0
ORTHOFIX MEDICAL INC	EQUITY	68752M108	1,239,601	60,380	SH		SOLE		60,380	0	0
OTONOMO TECHNOLOGIES LTD	EQUITY	M7571L103	18,315	45,000	SH		SOLE		45,000	0	0
PACIFIC PREMIER BANCORP INC	EQUITY	69478X105	315,600	10,000	SH		SOLE		10,000	0	0
PAR TECHNOLOGY CORP 2.875 04/15/26 CVT	BOND CONVERTIBLE	698884AC7	935,920	1,000,000	PRN		SOLE		1,000,000	0	0
PARATEK PHARMACEUTICALS INC	EQUITY	699374302	64,515	34,500	SH		SOLE		34,500	0	0
PARK AEROSPACE CORP	EQUITY	70014A104	812,646	60,600	SH		SOLE		60,600	0	0
PARK-OHIO HOLDINGS CORP	EQUITY	700666100	2,354,275	192,500	SH		SOLE		192,500	0	0
PEBBLEBROOK HOTEL TRUST 1.750 12/15/26 CVT	BOND CONVERTIBLE	70509VAA8	165,816	200,000	PRN		SOLE		200,000	0	0
PERFICIENT INC 0.125 11/15/26 CVT	BOND CONVERTIBLE	71375UAF8	761,980	1,000,000	PRN		SOLE		1,000,000	0	0
PETIQ INC 4.000 06/01/26 CVT	BOND CONVERTIBLE	71639TAB2	539,085	640,000	PRN		SOLE		640,000	0	0
PFSWEB INC	EQUITY	717098206	1,451,400	236,000	SH		SOLE		236,000	0	0
PITNEY BOWES INC	EQUITY	724479100	190,000	50,000	SH		SOLE		50,000	0	0
PLAYAGS INC	EQUITY	72814N104	1,183,200	232,000	SH		SOLE		232,000	0	0
PLAYSTUDIOS INC	EQUITY	72815G108	116,400	30,000	SH		SOLE		30,000	0	0
POST HOLDINGS PARTNERI -CW23	WARRANT	737465112	7,600	95,000	SH		SOLE		95,000	0	0
POST HOLDINGS PARTNERING -A	EQUITY	737465104	2,830,050	285,000	SH		SOLE		285,000	0	0
PREFORMED LINE PRODUCTS CO	EQUITY	740444104	208,225	2,500	SH		SOLE		2,500	0	0
PRIMIS FINANCIAL CORP	EQUITY	74167B109	379,200	32,000	SH		SOLE		32,000	0	0
PRIMO WATER CORP	EQUITY	74167P108	233,100	15,000	SH		SOLE		15,000	0	0
PROGRESS SOFTWARE CORP 1.000 04/15/26 CVT	BOND CONVERTIBLE	743312AB6	880,846	860,000	PRN		SOLE		860,000	0	0
PROS HOLDINGS INC 2.250 09/15/27 CVT	BOND CONVERTIBLE	74346YAG8	409,623	465,000	PRN		SOLE		465,000	0	0
QUIDELORTHO CORP	EQUITY	219798105	214,175	2,500	SH		SOLE		2,500	0	0
READING INTERNATIONAL INC-A	EQUITY	755408101	784,655	283,269	SH		SOLE		283,269	0	0
READING INTERNATIONAL INC-B	EQUITY	755408200	1,476,840	74,400	SH		SOLE		74,400	0	0
RENASANT CORP	EQUITY	75970E107	1,264,941	33,651	SH		SOLE		33,651	0	0
RGC RESOURCES INC	EQUITY	74955L103	1,168,871	53,010	SH		SOLE		53,010	0	0
RPC INC	EQUITY	749660106	533,400	60,000	SH		SOLE		60,000	0	0
RUSH ENTERPRISES INC - CL B	EQUITY	781846308	4,799,831	85,300	SH		SOLE		85,300	0	0
RUSH ENTERPRISES INC-CL A	EQUITY	781846209	2,021,145	38,660	SH		SOLE		38,660	0	0
RUSH STREET INTERACTIVE INC	EQUITY	782011100	71,800	20,000	SH		SOLE		20,000	0	0
S&W SEED CO	EQUITY	785135104	558,750	375,000	SH		SOLE		375,000	0	0
SANDY SPRING BANCORP INC	EQUITY	800363103	933,595	26,500	SH		SOLE		26,500	0	0
SAREPTA THERAPEUTICS INC 1.250 09/15/27 CVT	BOND CONVERTIBLE	803607AC4	294,831	255,000	PRN		SOLE		255,000	0	0
SCHMITT INDUSTRIES INC	EQUITY	806870200	174,398	575,000	SH		SOLE		575,000	0	0
SILVERCREST ASSET MANAGEME-A	EQUITY	828359109	1,289,499	68,700	SH		SOLE		68,700	0	0
SINCLAIR BROADCAST GROUP -A	EQUITY	829226109	496,320	32,000	SH		SOLE		32,000	0	0
SKYLINE CHAMPION CORP	EQUITY	830830105	3,785,985	73,500	SH		SOLE		73,500	0	0
SOUTHERN FIRST BANCSHARES	EQUITY	842873101	3,431,708	75,010	SH		SOLE		75,010	0	0
SOUTHSTATE CORP	EQUITY	840441109	1,733,372	22,700	SH		SOLE		22,700	0	0
SOUTHWEST AIRLINES CO 1.250 05/01/25 CVT	BOND CONVERTIBLE	844741BG2	362,790	300,000	PRN		SOLE		300,000	0	0
SPORTSMAN'S WAREHOUSE HOLDIN	EQUITY	84920Y106	235,250	25,000	SH		SOLE		25,000	0	0
STANDARD MOTOR PRODS	EQUITY	853666105	1,497,374	43,028	SH		SOLE		43,028	0	0
STANDEX INTERNATIONAL CORP	EQUITY	854231107	1,474,704	14,400	SH		SOLE		14,400	0	0
STARRETT (L.S.) CO -CL A	EQUITY	855668109	496,800	67,500	SH		SOLE		67,500	0	0
STEEL PARTNERS HOLDINGS LP	EQUITY UNIT	85814R107	3,954,720	92,400	SH		SOLE		92,400	0	0
STELLAR BANCORP INC	EQUITY	858927106	1,900,170	64,500	SH		SOLE		64,500	0	0
STERIS PLC	EQUITY	G8473T100	240,097	1,300	SH		SOLE		1,300	0	0
STONERIDGE INC	EQUITY	86183P102	2,058,980	95,500	SH		SOLE		95,500	0	0
STRIDE INC 1.125 09/01/27 CVT	BOND CONVERTIBLE	86333MAA6	763,079	850,000	PRN		SOLE		850,000	0	0
SUMMIT HOTEL PROPERTIES 1.500 02/15/26 CVT	BOND CONVERTIBLE	866082AA8	330,934	385,000	PRN		SOLE		385,000	0	0
SURMODICS INC	EQUITY	868873100	1,620,700	47,500	SH		SOLE		47,500	0	0
TEAM INC	EQUITY	878155308	57,750	11,000	SH		SOLE		11,000	0	0
TEJON RANCH CO	EQUITY	879080109	1,846,320	98,000	SH		SOLE		98,000	0	0
TENNANT CO	EQUITY	880345103	1,394,561	22,650	SH		SOLE		22,650	0	0
TERRITORIAL BANCORP INC	EQUITY	88145X108	720,300	30,000	SH		SOLE		30,000	0	0
TITAN INTERNATIONAL INC	EQUITY	88830M102	314,060	20,500	SH		SOLE		20,500	0	0
TITAN MACHINERY INC	EQUITY	88830R101	3,178,400	80,000	SH		SOLE		80,000	0	0
TOWNSQUARE MEDIA INC - CL A	EQUITY	892231101	1,087,500	150,000	SH		SOLE		150,000	0	0
TRANSACT TECHNOLOGIES INC	EQUITY	892918103	208,560	33,000	SH		SOLE		33,000	0	0
TRAVELCENTERS OF AMERICA INC	EQUITY	89421B109	488,102	10,900	SH		SOLE		10,900	0	0
TREDEGAR CORP	EQUITY	894650100	2,396,590	234,500	SH		SOLE		234,500	0	0
TRINITY PLACE HOLDINGS INC	EQUITY	89656D101	261,925	354,000	SH		SOLE		354,000	0	0
TRUSTCO BANK CORP NY	EQUITY	898349204	376,276	10,010	SH		SOLE		10,010	0	0
TWIN DISC INC	EQUITY	901476101	1,069,200	110,000	SH		SOLE		110,000	0	0
TYLER TECHNOLOGIES INC	EQUITY	902252105	322,410	1,000	SH		SOLE		1,000	0	0
ULTRA CLEAN HOLDINGS INC	EQUITY	90385V107	2,801,175	84,500	SH		SOLE		84,500	0	0
ULTRALIFE CORP	EQUITY	903899102	594,440	154,000	SH		SOLE		154,000	0	0
UNITED BANKSHARES INC	EQUITY	909907107	344,165	8,500	SH		SOLE		8,500	0	0
UNITED GUARDIAN INC	EQUITY	910571108	726,739	69,611	SH		SOLE		69,611	0	0
UNIVERSAL TECHNICAL INSTITUT	EQUITY	913915104	638,400	95,000	SH		SOLE		95,000	0	0
UPSTART HOLDINGS INC 0.250 08/15/26 CVT	BOND CONVERTIBLE	91680MAB3	398,003	750,000	PRN		SOLE		750,000	0	0
VALLEY NATIONAL BANCORP	EQUITY	919794107	578,529	51,152	SH		SOLE		51,152	0	0
VALUE LINE INC	EQUITY	920437100	1,617,984	31,800	SH		SOLE		31,800	0	0
VERINT SYSTEMS INC 0.250 04/15/26 CVT	BOND CONVERTIBLE	92343XAC4	802,401	925,000	PRN		SOLE		925,000	0	0
VERITONE INC 1.750 11/15/26 CVT	BOND CONVERTIBLE	92347MAB6	574,284	1,056,000	PRN		SOLE		1,056,000	0	0
VIAD CORP	EQUITY	92552R406	1,211,207	49,660	SH		SOLE		49,660	0	0
VILLAGE SUPER MARKET-CLASS A	EQUITY	927107409	2,607,246	111,947	SH		SOLE		111,947	0	0
VISHAY PRECISION GROUP	EQUITY	92835K103	2,280,814	59,012	SH		SOLE		59,012	0	0
WABASH NATIONAL CORP	EQUITY	929566107	1,191,020	52,700	SH		SOLE		52,700	0	0
WASHINGTON TRUST BANCORP	EQUITY	940610108	2,071,202	43,900	SH		SOLE		43,900	0	0
WATERSTONE FINANCIAL INC	EQUITY	94188P101	1,289,552	74,800	SH		SOLE		74,800	0	0
WEBSTER FINANCIAL CORP	EQUITY	947890109	568,175	12,002	SH		SOLE		12,002	0	0
WESTERN NEW ENGLAND BANCORP	EQUITY	958892101	800,127	84,580	SH		SOLE		84,580	0	0
WILLAMETTE VALLEY VINEYARDS	EQUITY	969136100	137,243	23,000	SH		SOLE		23,000	0	0
WILLDAN GROUP INC	EQUITY	96924N100	1,517,250	85,000	SH		SOLE		85,000	0	0
WILLIAMS INDUSTRIAL SERVICES	EQUITY	96951A104	11,323	11,100	SH		SOLE		11,100	0	0
WINNEBAGO INDUSTRIES	EQUITY	974637100	1,934,090	36,700	SH		SOLE		36,700	0	0
WORKIVA INC 1.125 08/15/26 CVT	BOND CONVERTIBLE	98139AAB1	741,852	600,000	PRN		SOLE		600,000	0	0
WORLD WRESTLING ENTERTAIN-A	EQUITY	98156Q108	1,370,400	20,000	SH		SOLE		20,000	0	0
YORK WATER CO	EQUITY	987184108	1,799,515	40,007	SH		SOLE		40,007	0	0
ZSCALER INC. 0.125 07/01/25 CVT	BOND CONVERTIBLE	98980GAB8	710,498	675,000	PRN		SOLE		675,000	0	0