| EML The Eastern Co. | 9.61% | 546,402 | $15.2M | No change |
| TG Tredegar Corp. | 8.38% | 1,665,607 | $13.3M | No change |
| INFU Infusystem Holdings Inc. | 8.22% | 1,348,617 | $13.0M | Add +12.0% |
| SIF Sifco Industries | 6.74% | 455,650 | $10.7M | Reduce -5.2% |
| ESCA Escalade Inc. | 6.73% | 567,222 | $10.7M | Reduce -0.1% |
| VIRC Virco MFG Corporation | 5.96% | 1,535,454 | $9.4M | Add +1.2% |
| UTMD Utah Medical Products Inc. | 4.08% | 93,615 | $6.5M | No change |
| UFI Unifi Inc. | 3.78% | 1,258,792 | $6.0M | Add +0.0% |
| DLHC DLH Holdings Corp. filed as DLH HLDGS CORP | 3.70% | 1,116,368 | $5.9M | Add +0.3% |
| NVGS Navigator Holdings Ltd. | 3.49% | 296,212 | $5.5M | No change |
| KEQU Kewaunee Scientific CP | 3.35% | 149,410 | $5.3M | Add +9.3% |
| SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO | 3.21% | 1,832,707 | $5.1M | Add +20.1% |
| CAC Camden National Corp. | 3.07% | 89,568 | $4.9M | No change |
| ATRO Astronics Corp. | 2.83% | 55,041 | $4.5M | Reduce -21.8% |
| PBHC Pathfinder Bancorp Inc. | 2.63% | 262,204 | $4.2M | No change |
| RAIL Freightcar America Inc. | 2.33% | 379,030 | $3.7M | Add +11.1% |
| KELYA Kelly Services Inc. Class A | 1.96% | 253,162 | $3.1M | Add +26.7% |
| FSTR Foster (lb) Co. Class A | 1.94% | 67,922 | $3.1M | Reduce -19.1% |
| CRD.B Crawford & Co. Class B | 1.90% | 288,178 | $3.0M | No change |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 1.29% | 129,900 | $2.0M | No change |
| CLBK Columbia Financial Inc. | 1.20% | 89,294 | $1.9M | Add +164.2% |
| MPB Mid Penn Bancorp Inc. | 1.19% | 54,177 | $1.9M | No change |
| CFG Citizens Financial Group | 0.95% | 21,485 | $1.5M | No change |
| EBC Eastern Bankshares Inc. | 0.88% | 62,576 | $1.4M | No change |
| UIS Unisys Corp. | 0.80% | 345,347 | $1.3M | No change |
| FNB FNB Corp. | 0.77% | 64,075 | $1.2M | No change |
| FRME First Merchants Corp. | 0.65% | 23,662 | $1.0M | No change |
| ECBK Ecb Bancorp Inc. | 0.63% | 49,940 | $1.0M | No change |
| CZNC Citizens & Northern Corp. | 0.63% | 42,900 | $1000K | No change |
| CTGO Contango Silver & Gold Inc. | 0.59% | 59,647 | $942K | No change |
| CPBI Central Plains Bancshares Inc. | 0.59% | 49,117 | $935K | No change |
| NWFL Norwood Financial Corp. | 0.58% | 28,580 | $919K | No change |
| FMC FMC Corp. | 0.57% | 78,000 | $897K | Add +62.5% |
| DGICA Donegal Group Inc. Class A | 0.55% | 46,490 | $877K | No change |
| MBBC Marathon Bancorp Inc. | 0.54% | 55,750 | $852K | Reduce -5.5% |
| LSBK Lake Shore Bancorp Inc. | 0.50% | 44,259 | $788K | No change |
| FRBA First Bank/Hamilton NJ | 0.46% | 41,143 | $729K | No change |
| HBNC Horizon Bancorp Inc. | 0.44% | 35,052 | $700K | No change |
| NWBI Northwest Bancshares Inc. | 0.36% | 38,000 | $576K | No change |
| THRY Thryv Holdings Inc. | 0.36% | 144,329 | $569K | No change |
| FCF First Commonwealth Finl Corp. | 0.33% | 25,560 | $520K | No change |
| EBMT Eagle Bancorp Montana Inc. | 0.32% | 21,098 | $505K | No change |
| RMBI Richmond Mutual Bancorporati | 0.30% | 30,224 | $480K | No change |
| DGICB Donegal Group Inc. Class B | 0.25% | 17,856 | $389K | No change |
| DLX Deluxe Corp. | 0.21% | 13,900 | $332K | No change |
| ASRV Ameriserv Financial Inc. | 0.14% | 58,200 | $226K | No change |