Rutabaga Capital Management

Rutabaga Capital Management as of March 31, 2012

Portfolio Holdings for Rutabaga Capital Management

Rutabaga Capital Management holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

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FORM 13F INFORMATION TABLE



Column 1                      Column 2     Column 3      Column 4  Column 5           Column 6   Column 7   Column8

                                                           VALUE    SHARES/  SH/PUT/ INVESTMENT   OTHER   VOTING AUTHORITY
NAME OF ISSUER                TITLE OF CLASCUSIP         (x$1000)   PRN AMT  PRNCALL DISCRETION  MANAGERS    SOLE    SHARED  NONE

ACCO BRANDS CORP              Common       00081T108        21,433  1,727,090sh         sole                1,379,373
ACCURIDE CORP                 Common       00439t206         8,378    964,111sh         sole                  818,511
AMERISAFE INC                 Common       03071H100        11,683    472,214sh         sole                  364,414
ASTORIA FINANCIAL CORP        Common       046265104        10,817  1,097,067sh         sole                  848,967
ASTRO-MED INC                 Common       04638F108         6,034    718,324sh         sole                  608,224
BELDEN INC                    Common       077454106         8,387    221,247sh         sole                  171,447
BRIGGS & STRATTON             Common       109043109        10,982    612,494sh         sole                  478,194
BRUNSWICK CORP                Common       117043109        13,354    518,599sh         sole                  403,199
CAPITAL CITY BANK GROUP INC   Common       139674105         5,480    735,546sh         sole                  624,646
CATHAY GENERAL BANCORP        Common       149150104        13,672    772,450sh         sole                  601,550
CDI CORP                      Common       125071100         9,214    513,877sh         sole                  436,577
CITI TRENDS INC.              Common       17306X102        10,582    923,344sh         sole                  784,144
COLUMBUS MCKINNON N Y COM     Common       199333105         1,864    114,463sh         sole                   97,263
CORE MOLDING INC.             Common       218683100         2,385    259,218sh         sole                  220,718
CPI AEROSTRUCTURES INC        Common       125919308         9,891    665,173sh         sole                  564,673
DOUGLAS DYNAMICS INC.         Common       25960r105        20,438  1,486,397sh         sole                1,194,297
DYNAMICS RESEARCH CORP        Common       268057106         4,897    507,977sh         sole                  429,777
ENERSYS                       Common       29275Y102        12,018    346,842sh         sole                  268,142
EVOLVING SYSTEMS INC          Common       30049R209         5,120    915,936sh         sole                  782,436
FLANDERS CORPORATION          Common       338494107         5,385  1,226,764sh         sole                1,041,664
FLOW INTL CORP                Common       343468104        11,251  2,798,841sh         sole                2,381,441
FUEL TECH INC                 Common       359523107         7,348  1,345,699sh         sole                1,142,899
GEORGIA GULF CORP             Common       373200302        11,252    322,601sh         sole                  250,101
GLOBAL POWER EQUIPMENT GROUP  Common       37941P306        10,951    395,356sh         sole                  336,001
GREAT LAKES DREDGE & DOCK CO  Common       390607109         9,579  1,326,776sh         sole                1,070,347
HARSCO CORP                   Common       415864107         3,519    150,000sh         sole                  116,300
HOOKER FURNITURE CORP         Common       439038100        11,196    820,255sh         sole                  697,355
HUDSON GLOBAL INC             Common       443787106         9,969  1,853,033sh         sole                1,575,733
IMAGE SENSING SYSTEMS INC     Common       45244C104         3,567    528,440sh         sole                  449,640
INTEVAC INC                   Common       461148108         1,655    194,744sh         sole                  166,144
INTL SPEEDWAY CORP            Common       460335201        10,809    389,497sh         sole                  300,697
J. ALEXANDERS CORPORATION     Common       466096104         5,114    605,928sh         sole                  514,528
JOHN BEAN TECHNOLOGIES CORP   Common       477839104        10,996    678,751sh         sole                  526,851
KADANT INC                    Common       48282T104         8,025    336,902sh         sole                  286,102
KBW INC.                      Common       482423100        11,814    638,596sh         sole                  491,996
KEY TECHNOLOGY INC            Common       493143101         8,233    610,011sh         sole                  520,111
KMG CHEMICALS INC             Common       482564101         2,304    127,625sh         sole                  108,425
LIBBEY INC                    Common       529898108         9,446    730,012sh         sole                  619,912
LIONBRIDGE TECHNOLOGIES INC.  Common       536252109        10,613  3,684,998sh         sole                2,944,798
MAC-GRAY CORP                 Common       554153106         9,421    622,643sh         sole                  528,843
MANITEX INTERNATIONAL INC     Common       563420108         8,039  1,096,751sh         sole                  933,451
MARINE PRODUCTS CORP.         Common       568427108         3,021    507,724sh         sole                  434,124
MARINEMAX INC                 Common       567908108         9,327  1,133,263sh         sole                  962,238
MARRIOTT VACATIONS WORLD      Common       57164Y107         9,218    323,319sh         sole                  250,319
MICROFINANCIAL INC.           Common       595072109         3,902    569,676sh         sole                  484,576
MINE SAFETY APPLIANCES        Common       602720104        11,261    274,125sh         sole                  211,425
MKTG INC.                     Common       60688K108           787    855,473sh         sole                  729,319
MODINE MANUFACTURING          Common       607828100         8,736    989,405sh         sole                  767,205
MOTORCAR PARTS OF AMERICA     Common       620071100         6,559    681,774sh         sole                  580,374
MUELLER WATER PRODUCTS        Common       624758108        13,689  4,110,722sh         sole                3,157,122
MYERS INDUSTRIES INC          Common       628464109        20,108  1,363,257sh         sole                1,089,627
NATIONAL INTERSTATE CORP      Common       63654U100         9,325    364,524sh         sole                  283,588
OMNOVA SOLUTIONS INC          Common       682129101        11,804  1,748,729sh         sole                1,486,929
PACER INTERNATIONAL INC       Common       69373H106        12,479  1,974,561sh         sole                1,680,461
PENFORD CORP COM              Common       707051108         3,628    536,676sh         sole                  459,750
PEOPLES FEDERAL BANCSHARES    Common       711037101        10,264    636,715sh         sole                  541,115
PERCEPTRON INC                Common       71361F100         4,267    730,673sh         sole                  627,373
PERICOM SEMICONDUCTOR CORP    Common       713831105         8,287  1,024,302sh         sole                  871,802
PERMA-FIX ENVIRONMENTAL SVCS  Common       714157104         6,006  3,777,627sh         sole                3,216,994
PHYSICIANS FORMULA HOLDINGS   Common       719427106         4,078  1,363,763sh         sole                1,158,363
QAD INC                       Common       74727D306         4,024    307,189sh         sole                  261,589
QAD INC-B                     Common       74727D207            27      2,080sh         sole                    1,780
RAND LOGISTICS INC            Common       752182105         8,703  1,033,587sh         sole                  878,487
REGIS CORP                    Common       758932107        12,583    682,754sh         sole                  525,554
REIS INC                      Common       75936p105         3,283    368,446sh         sole                  313,146
SCHAWK INC CL A               Common       806373106         8,526    681,525sh         sole                  529,267
SEABRIGHT HOLDINGS            Common       811656107         9,349  1,028,518sh         sole                  874,718
SOLUTIA INC                   Common       834376501         8,524    305,087sh         sole                  236,387
SPARTECH CORP                 Common       847220209         8,374  1,716,008sh         sole                1,458,908
STEINWAY MUSICAL INSTRUMENTS  Common       858495104            78      3,108sh         sole                    2,608
SURMODICS INC                 Common       868873100         6,472    421,054sh         sole                  357,554
TECUMSEH PRODUCTS CO          Common       878895200         4,108  1,021,915sh         sole                  867,815
THOR INDUSTRIES IND           Common       885160101        13,455    426,344sh         sole                  329,813
TOWN SPORTS INTERNATIONAL     Common       89214a102         2,850    225,614sh         sole                  191,614
VIAD CORP                     Common       92552r406        10,920    561,995sh         sole                  435,695
VISHAY PRECISION GROUP        Common       92835K103         9,302    627,240sh         sole                  532,540
WERNER ENTERPRISES INC        Common       950755108         8,414    338,440sh         sole                  267,440
WEST PHARMACEUTICAL SERVICES, Common       955306105         9,784    230,048sh         sole                  178,248
WILLIS LEASE FINANCE CORPORATICommon       970646105         7,488    575,551sh         sole                  488,951
X-RITE INC                    Common       983857103        11,014  2,425,940sh         sole                1,881,067