Monthly Index March 2016

Released Date March March
Research (Price dt is  6-12 Mth Feb-16 Mar-16 Return Russell 2000
Company Ticker Call one day before) Target Price Price Performance Performance
Aceto Corp. ACET Buy 11/22/11 $ 34.00 $ 21.45 $ 23.56 9.84% 7.75%
Acme United Corp. ACU Buy 09/29/04 $ 21.00 $ 15.28 $ 16.34 6.94% 7.75%
A-Mark Precious Metals AMRK Buy 12/28/15 $ 25.00 $ 21.73 $ 19.90 -8.42% 7.75%
Astro-Med Inc. ALOT Buy 06/08/15 $ 23.00 $ 13.41 $ 13.86 3.36% 7.75%
Atlas Financial AFH Buy 10/24/13 $ 24.00 $ 17.97 $ 18.14 0.95% 7.75%
Avid Technology AVID Buy 12/23/15 $ 8.50 $ 7.65 $ 6.76 -11.63% 7.75%
Balchem BCPC Buy 04/01/15 $ 72.00 $ 63.27 $ 62.02 -1.98% 7.75%
Cambrex CBM Buy 05/29/15 $ 60.00 $ 38.57 $ 44.00 14.08% 7.75%
Century Casinos CNTY Buy 11/24/15 $ 9.25 $ 6.73 $ 6.16 -8.47% 7.75%
Cooper-Standard CPS Buy 07/13/15 $ 91.00 $ 73.25 $ 71.84 -1.92% 7.75%
Core Molding Technologies CMT Buy 12/08/14 $ 16.00 $ 11.38 $ 12.48 9.67% 7.75%
CTRP.com CTRP SELL 02/01/16 $ 27.50 $ 40.92 $ 44.26 -8.16% 7.75%
Emergent BioSolutions EBS Buy 03/28/16 $ 44.00 $ 33.75 $ 36.35 7.70% 3.19%
Flexsteel FLXS Buy 01/17/14 $ 50.00 $ 40.83 $ 43.68 6.98% 7.75%
Gray Television GTN Buy 12/07/15 $ 22.00 $ 11.54 $ 11.72 1.56% 7.75%
Harte-Hanks HHS Buy 12/08/15 $ 5.00 $ 3.09 $ 2.53 -18.12% 7.75%
Haynes International HAYN Buy 09/29/15 $ 39.00 $ 30.80 $ 36.50 18.51% 7.75%
Innospec IOSP Buy 04/30/15 $ 60.00 $ 43.40 $ 43.36 -0.09% 7.75%
IntelGenx IGXT Buy 04/15/15 $ 1.40 $ 0.48 $ 0.56 16.67% 7.75%
INTL FCStone INTL Buy 05/27/11 $ 36.00 $ 25.53 $ 26.73 4.70% 7.75%
IRIDEX Corp. IRIX Buy 01/26/16 $ 11.50 $ 10.19 $ 10.22 0.29% 7.75%
JMP Group JMP Buy 12/08/14 $ 8.00 $ 5.00 $ 5.23 4.60% 7.75%
Kulicke & Soffa KLIC Buy 07/09/15 $ 15.50 $ 11.30 $ 11.32 0.18% 7.75%
Lakeland LAKE Buy 02/09/16 $ 17.50 $ 11.92 $ 12.27 2.94% 7.75%
Magic Software MGIC Buy 04/28/15 $ 13.50 $ 6.98 $ 6.77 -3.01% 7.75%
Newtek Business Services NEWT Buy 03/27/13 $ 16.00 $ 10.50 $ 12.50 19.05% 7.75%
Nova Measuring Instruments NVMI Buy 05/09/12 $ 16.00 $ 10.68 $ 10.41 -2.53% 7.75%
Reed’s REED Buy 10/23/13 $ 9.50 $ 5.05 $ 4.67 -7.52% 7.75%
REX American Resources REX Buy 12/04/14 $ 60.00 $ 50.50 $ 55.47 9.84% 7.75%
Salem Communications SALM Buy 02/24/14 $ 8.00 $ 4.81 $ 5.76 19.75% 7.75%
Seabridge Gold SA Buy 07/21/09 $ 14.00 $ 9.27 $ 11.10 19.74% 7.75%
Stamps.com STMP Buy 10/19/15 $ 125.00 $ 118.53 $ 106.28 -10.33% 7.75%
Trecora TREC Buy 09/01/11 $ 18.00 $ 9.66 $ 9.62 -0.41% 7.75%
VASCO Data VDSI Buy 05/28/15 $ 36.00 $ 13.75 $ 15.40 12.00% 7.75%
Total (Average) 4.01% -0.15%
January Performance -10.23% -8.85%
February Performance 3.50% -0.14%
March Performance 3.14% 7.62%
April Performance
May Performance
June Performance
July Performance
August Performance
September Performance
October Performance
November Performance
December Performance
Year to Date Performance -4.17% -1.92%
(1) Adjusted for dividends