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
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
ABBVIE INC COM 00287Y109 1,690 28,533 SH   SOLE 20,742 0 7,791
AGREE REALTY CORP COM 008492100 458 13,487 SH   SOLE 13,487 0 0
ALLETE INC COM NEW 018522300 1,048 20,613 SH   SOLE 19,629 0 984
ALLIANT ENERGY CORP COM 018802108 1,003 16,059 SH   SOLE 14,944 0 1,115
ALLISON TRANSMISSION HLDGS I COM 01973R101 3,314 127,994 SH   SOLE 114,590 0 13,404
ALPHABET INC CAP STK CL A 02079K305 2,119 2,724 SH   SOLE 2,010 0 714
AMDOCS LTD SHS G02602103 1,144 20,958 SH   SOLE 19,503 0 1,455
AMERICAN EXPRESS CO COM 025816109 1,204 17,312 SH   SOLE 13,398 0 3,914
AMERICAN FINL GROUP INC OHIO COM 025932104 1,899 26,347 SH   SOLE 24,965 0 1,382
AMERICAN INTL GROUP INC COM NEW 026874784 1,064 17,171 SH   SOLE 12,177 0 4,994
AMERICAN WTR WKS CO INC NEW COM 030420103 1,158 19,385 SH   SOLE 18,045 0 1,340
AMGEN INC COM 031162100 906 5,581 SH   SOLE 3,959 0 1,622
ANTHEM INC COM 036752103 1,525 10,935 SH   SOLE 8,437 0 2,498
APPLE INC COM 037833100 1,496 14,209 SH   SOLE 10,624 0 3,585
ASTRONICS CORP COM 046433108 210 5,168 SH   SOLE 5,168 0 0
ATLAS FINANCIAL HOLDINGS INC SHS NEW G06207115 516 25,921 SH   SOLE 25,921 0 0
BANCORPSOUTH INC COM 059692103 1,994 83,136 SH   SOLE 78,562 0 4,574
BANK AMER CORP COM 060505104 2,096 124,562 SH   SOLE 96,564 0 27,998
BANNER CORP COM NEW 06652V208 2,293 49,991 SH   SOLE 47,608 0 2,383
BELDEN INC COM 077454106 1,101 23,095 SH   SOLE 21,908 0 1,187
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,461 11,066 SH   SOLE 8,354 0 2,712
BLACKROCK INC COM 09247X101 1,653 4,853 SH   SOLE 3,744 0 1,109
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 870 29,769 SH   SOLE 22,585 0 7,184
BLUEROCK RESIDENTIAL GRW REI COM CL A 09627J102 456 38,459 SH   SOLE 38,459 0 0
BOEING CO COM 097023105 1,370 9,478 SH   SOLE 6,991 0 2,487
BRISTOL MYERS SQUIBB CO COM 110122108 270 3,927 SH   SOLE 3,927 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107 1,910 172,385 SH   SOLE 162,825 0 9,560
CALLON PETE CO DEL COM 13123X102 2,058 246,776 SH   SOLE 235,255 0 11,521
CAMBREX CORP COM 132011107 550 11,674 SH   SOLE 11,674 0 0
CAPITAL ONE FINL CORP COM 14040H105 1,253 17,365 SH   SOLE 13,030 0 4,335
CARDINAL HEALTH INC COM 14149Y108 1,013 11,349 SH   SOLE 8,535 0 2,814
CARRIZO OIL & GAS INC COM 144577103 1,021 34,523 SH   SOLE 32,623 0 1,900
CASCADE BANCORP COM NEW 147154207 388 63,847 SH   SOLE 63,847 0 0
CATALENT INC COM 148806102 1,977 78,995 SH   SOLE 74,653 0 4,342
CATERPILLAR INC DEL COM 149123101 494 7,271 SH   SOLE 5,609 0 1,662
CBS CORP NEW CL B 124857202 1,237 26,237 SH   SOLE 20,072 0 6,165
CHESAPEAKE LODGING TR SH BEN INT 165240102 1,942 77,205 SH   SOLE 73,618 0 3,587
CHEVRON CORP NEW COM 166764100 999 11,105 SH   SOLE 7,861 0 3,244
CISCO SYS INC COM 17275R102 1,281 47,183 SH   SOLE 37,256 0 9,927
CITIGROUP INC COM NEW 172967424 2,321 44,847 SH   SOLE 34,706 0 10,141
CITY OFFICE REIT INC COM 178587101 289 23,688 SH   SOLE 23,688 0 0
CLUBCORP HLDGS INC COM 18948M108 2,478 135,625 SH   SOLE 129,100 0 6,525
COLUMBIA BKG SYS INC COM 197236102 2,101 64,634 SH   SOLE 61,097 0 3,537
COMCAST CORP NEW CL A 20030N101 1,473 26,106 SH   SOLE 18,964 0 7,142
CONCHO RES INC COM 20605P101 1,466 15,786 SH   SOLE 14,694 0 1,092
CONNECTICUT WTR SVC INC COM 207797101 214 5,627 SH   SOLE 5,627 0 0
CONOCOPHILLIPS COM 20825C104 1,010 21,626 SH   SOLE 17,691 0 3,935
CONSTELLATION BRANDS INC CL A 21036P108 1,605 11,267 SH   SOLE 10,488 0 779
CU BANCORP CALIF COM 126534106 366 14,420 SH   SOLE 14,420 0 0
CURTISS WRIGHT CORP COM 231561101 2,313 33,769 SH   SOLE 31,898 0 1,871
CVS HEALTH CORP COM 126650100 1,393 14,252 SH   SOLE 11,093 0 3,159
DELTA AIR LINES INC DEL COM NEW 247361702 1,726 34,047 SH   SOLE 25,997 0 8,050
DISCOVER FINL SVCS COM 254709108 1,454 27,119 SH   SOLE 19,747 0 7,372
DST SYS INC DEL COM 233326107 1,798 15,760 SH   SOLE 14,966 0 794
ENTERPRISE PRODS PARTNERS L COM 293792107 1,117 43,655 SH   SOLE 33,294 0 10,361
EOG RES INC COM 26875P101 982 13,875 SH   SOLE 10,165 0 3,710
EPR PPTYS COM SH BEN INT 26884U109 759 12,982 SH   SOLE 12,395 0 587
EXXON MOBIL CORP COM 30231G102 1,904 24,427 SH   SOLE 18,522 0 5,905
FEI CO COM 30241L109 2,334 29,255 SH   SOLE 27,653 0 1,602
FIRST REP BK SAN FRANCISCO C COM 33616C100 1,121 16,969 SH   SOLE 15,798 0 1,171
FLUOR CORP NEW COM 343412102 640 13,552 SH   SOLE 10,242 0 3,310
FOOT LOCKER INC COM 344849104 1,377 21,154 SH   SOLE 19,689 0 1,465
G & K SVCS INC CL A 361268105 2,374 37,745 SH   SOLE 35,935 0 1,810
GENERAL ELECTRIC CO COM 369604103 2,475 79,458 SH   SOLE 62,059 0 17,399
GERMAN AMERN BANCORP INC COM 373865104 378 11,355 SH   SOLE 11,355 0 0
GILEAD SCIENCES INC COM 375558103 1,469 14,517 SH   SOLE 10,696 0 3,821
GLACIER BANCORP INC NEW COM 37637Q105 1,348 50,801 SH   SOLE 47,914 0 2,887
GP STRATEGIES CORP COM 36225V104 267 10,625 SH   SOLE 10,625 0 0
GRACO INC COM 384109104 1,672 23,202 SH   SOLE 21,573 0 1,629
GRAMERCY PPTY TR COM 385002100 2,647 342,832 SH   SOLE 328,159 0 14,673
GREAT WESTN BANCORP INC COM 391416104 3,723 128,286 SH   SOLE 122,356 0 5,930
GREENBRIER COS INC COM 393657101 1,230 37,700 SH   SOLE 35,628 0 2,072
HARLEY DAVIDSON INC COM 412822108 913 20,111 SH   SOLE 15,269 0 4,842
HAWAIIAN HOLDINGS INC COM 419879101 3,088 87,391 SH   SOLE 83,226 0 4,165
HEALTHCARE SVCS GRP INC COM 421906108 297 8,524 SH   SOLE 8,524 0 0
HELEN OF TROY CORP LTD COM G4388N106 1,786 18,954 SH   SOLE 17,904 0 1,050
HERITAGE FINL CORP WASH COM 42722X106 492 26,107 SH   SOLE 26,107 0 0
HESS CORP COM 42809H107 1,133 23,379 SH   SOLE 17,001 0 6,378
HOME BANCSHARES INC COM 436893200 2,425 59,835 SH   SOLE 56,588 0 3,247
INDEPENDENCE HLDG CO NEW COM NEW 453440307 286 20,623 SH   SOLE 20,623 0 0
INTEL CORP COM 458140100 220 6,386 SH   SOLE 6,386 0 0
INVENTURE FOODS INC COM 461212102 1,468 206,814 SH   SOLE 197,213 0 9,601
JARDEN CORP COM 471109108 2,668 46,706 SH   SOLE 43,469 0 3,237
JOHNSON & JOHNSON COM 478160104 1,468 14,290 SH   SOLE 10,773 0 3,517
JPMORGAN CHASE & CO COM 46625H100 3,042 46,070 SH   SOLE 34,242 0 11,828
KADANT INC COM 48282T104 681 16,760 SH   SOLE 16,760 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 1,183 52,355 SH   SOLE 49,316 0 3,039
KILROY RLTY CORP COM 49427F108 1,829 28,900 SH   SOLE 27,351 0 1,549
LIFEPOINT HEALTH INC COM 53219L109 1,849 25,191 SH   SOLE 23,806 0 1,385
LIVE NATION ENTERTAINMENT IN COM 538034109 1,156 47,058 SH   SOLE 44,505 0 2,553
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 676 9,959 SH   SOLE 8,044 0 1,915
MAINSOURCE FINANCIAL GP INC COM 56062Y102 386 16,879 SH   SOLE 16,879 0 0
MARKEL CORP COM 570535104 1,598 1,809 SH   SOLE 1,684 0 125
MASTEC INC COM 576323109 2,220 127,754 SH   SOLE 120,724 0 7,030
MATERION CORP COM 576690101 310 11,066 SH   SOLE 11,066 0 0
MEDNAX INC COM 58502B106 1,002 13,988 SH   SOLE 13,021 0 967
MENTOR GRAPHICS CORP COM 587200106 208 11,268 SH   SOLE 11,268 0 0
MERCK & CO INC NEW COM 58933Y105 1,027 19,450 SH   SOLE 13,803 0 5,647
METLIFE INC COM 59156R108 1,237 25,651 SH   SOLE 19,121 0 6,530
MICROSOFT CORP COM 594918104 1,839 33,141 SH   SOLE 25,026 0 8,115
MINERALS TECHNOLOGIES INC COM 603158106 1,321 28,795 SH   SOLE 27,268 0 1,527
MKS INSTRUMENT INC COM 55306N104 1,565 43,463 SH   SOLE 41,305 0 2,158
MONARCH FINANCIAL HOLDINGS I COM 60907Q100 852 47,354 SH   SOLE 46,005 0 1,349
MORGAN STANLEY COM NEW 617446448 1,464 46,029 SH   SOLE 33,425 0 12,604
MULTI COLOR CORP COM 625383104 365 6,099 SH   SOLE 6,099 0 0
NASDAQ INC COM 631103108 247 4,244 SH   SOLE 4,244 0 0
NATIONAL BK HLDGS CORP CL A 633707104 2,604 121,834 SH   SOLE 116,935 0 4,899
NATIONAL RETAIL PPTYS INC COM 637417106 1,603 40,024 SH   SOLE 37,667 0 2,357
NAUTILUS INC COM 63910B102 2,338 139,862 SH   SOLE 133,924 0 5,938
NEENAH PAPER INC COM 640079109 315 5,044 SH   SOLE 5,044 0 0
NORDSTROM INC COM 655664100 359 7,209 SH   SOLE 5,117 0 2,092
OAKTREE CAP GROUP LLC UNIT CL A 674001201 1,207 25,293 SH   SOLE 18,697 0 6,596
ONE LIBERTY PPTYS INC COM 682406103 427 19,906 SH   SOLE 19,906 0 0
ORACLE CORP COM 68389X105 931 25,474 SH   SOLE 19,250 0 6,224
PARK STERLING CORP COM 70086Y105 375 51,279 SH   SOLE 51,279 0 0
PATRICK INDS INC COM 703343103 1,845 42,412 SH   SOLE 41,500 0 912
PDC ENERGY INC COM 69327R101 1,154 21,625 SH   SOLE 20,433 0 1,192
PENNEY J C INC COM 708160106 567 85,064 SH   SOLE 80,409 0 4,655
PEPSICO INC COM 713448108 1,858 18,595 SH   SOLE 13,728 0 4,867
PERFORMANCE SPORTS GROUP LTD COM 71377G100 1,062 110,331 SH   SOLE 106,440 0 3,891
PFIZER INC COM 717081103 2,047 63,415 SH   SOLE 49,436 0 13,979
PHILLIPS 66 COM 718546104 1,422 17,386 SH   SOLE 12,455 0 4,931
PINNACLE FINL PARTNERS INC COM 72346Q104 1,976 38,465 SH   SOLE 36,630 0 1,835
PIONEER NAT RES CO COM 723787107 950 7,573 SH   SOLE 4,909 0 2,664
PLATFORM SPECIALTY PRODS COR COM 72766Q105 1,722 134,233 SH   SOLE 127,004 0 7,229
PNC FINL SVCS GROUP INC COM 693475105 1,422 14,919 SH   SOLE 10,911 0 4,008
PNM RES INC COM 69349H107 704 23,021 SH   SOLE 21,881 0 1,140
PRIMERICA INC COM 74164M108 2,258 47,802 SH   SOLE 45,364 0 2,438
PRUDENTIAL FINL INC COM 744320102 1,146 14,074 SH   SOLE 9,987 0 4,087
QUANTA SVCS INC COM 74762E102 950 46,890 SH   SOLE 44,411 0 2,479
RAYMOND JAMES FINANCIAL INC COM 754730109 1,489 25,694 SH   SOLE 23,910 0 1,784
RENASANT CORP COM 75970E107 1,004 29,166 SH   SOLE 29,166 0 0
RLJ LODGING TR COM 74965L101 996 46,035 SH   SOLE 43,533 0 2,502
SCHLUMBERGER LTD COM 806857108 1,175 16,845 SH   SOLE 12,294 0 4,551
SCHULMAN A INC COM 808194104 259 8,465 SH   SOLE 8,465 0 0
SENSIENT TECHNOLOGIES CORP COM 81725T100 2,019 32,133 SH   SOLE 30,374 0 1,759
SERVISFIRST BANCSHARES INC COM 81768T108 449 9,438 SH   SOLE 9,438 0 0
SHUTTERFLY INC COM 82568P304 985 22,111 SH   SOLE 20,897 0 1,214
SILGAN HOLDINGS INC COM 827048109 276 5,132 SH   SOLE 5,132 0 0
SIMON PPTY GROUP INC NEW COM 828806109 1,348 6,935 SH   SOLE 5,609 0 1,326
SONIC CORP COM 835451105 2,208 68,327 SH   SOLE 64,552 0 3,775
SOUTH ST CORP COM 840441109 2,840 39,472 SH   SOLE 37,532 0 1,940
SPARTON CORP COM 847235108 301 15,051 SH   SOLE 15,051 0 0
STAG INDL INC COM 85254J102 1,989 107,795 SH   SOLE 102,314 0 5,481
STANDEX INTL CORP COM 854231107 1,675 20,140 SH   SOLE 19,448 0 692
STATE BK FINL CORP COM 856190103 430 20,424 SH   SOLE 20,424 0 0
STONEGATE BK FT LAUDERDALE F COM 861811107 354 10,764 SH   SOLE 10,764 0 0
SYNERGY RES CORP COM 87164P103 1,834 215,299 SH   SOLE 204,555 0 10,744
TELEFLEX INC COM 879369106 2,829 21,523 SH   SOLE 20,338 0 1,185
TIME WARNER INC COM NEW 887317303 789 12,195 SH   SOLE 8,224 0 3,971
TWENTY FIRST CENTY FOX INC CL A 90130A101 1,568 57,735 SH   SOLE 43,250 0 14,485
UNION PAC CORP COM 907818108 973 12,440 SH   SOLE 9,943 0 2,497
UNITEDHEALTH GROUP INC COM 91324P102 1,977 16,803 SH   SOLE 12,396 0 4,407
UNIVERSAL HEALTH RLTY INCM T SH BEN INT 91359E105 453 9,059 SH   SOLE 9,059 0 0
VASCULAR SOLUTIONS INC COM 92231M109 428 12,439 SH   SOLE 12,439 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,600 34,621 SH   SOLE 24,273 0 10,348
WABTEC CORP COM 929740108 1,542 21,681 SH   SOLE 20,593 0 1,088
WELLS FARGO & CO NEW COM 949746101 2,325 42,778 SH   SOLE 31,558 0 11,220
WESTAR ENERGY INC COM 95709T100 1,153 27,192 SH   SOLE 25,302 0 1,890
WESTERN ALLIANCE BANCORP COM 957638109 2,836 79,073 SH   SOLE 74,720 0 4,353
WHITING PETE CORP NEW COM 966387102 136 14,387 SH   SOLE 13,391 0 996
WINTRUST FINL CORP COM 97650W108 793 16,342 SH   SOLE 15,611 0 731
WOODWARD INC COM 980745103 1,915 38,561 SH   SOLE 36,463 0 2,098
XERIUM TECHNOLOGIES INC COM NEW 98416J118 332 27,975 SH   SOLE 27,975 0 0