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
ABBOTT LABS COM COM 002824100 15,384 346,399 SH   SOLE   279,579 0 66,820
AGCO CORP COM COM 001084102 11,063 183,830 SH   SOLE   149,469 0 34,361
AGREE REALTY CORP COM COM 008492100 2,782 58,007 SH   SOLE   55,454 0 2,553
ALLIANCEBERNSTEIN HOLDING LP U COM 01881G106 1,507 65,948 SH   SOLE   65,948 0 0
ALMOST FAMILY INC COM COM 020409108 1,858 38,240 SH   SOLE   36,544 0 1,696
AMERICAN EAGLE OUTFITTERS NEW COM 02553E106 23,994 1,710,157 SH   SOLE   1,108,911 0 601,246
AMERICAN SOFTWARE INC CL A COM 029683109 1,933 187,993 SH   SOLE   179,679 0 8,314
ANALOG DEVICES INC COM COM 032654105 15,370 187,550 SH   SOLE   154,570 0 32,980
ANALOGIC CORP COM PAR $0.05 COM 032657207 6,555 86,364 SH   SOLE   42,845 0 43,519
ARI NETWORK SVCS INC COM NEW COM 001930205 1,370 263,421 SH   SOLE   251,721 0 11,700
ARK RESTAURANTS CORP COM COM 040712101 5,401 213,548 SH   SOLE   207,887 0 5,661
ARTESIAN RESOURCES CORP CL A COM 043113208 1,887 57,943 SH   SOLE   55,567 0 2,376
ASPEN INSURANCE HOLDINGS LTD S COM G05384105 443 8,515 SH   SOLE   8,515 0 0
ASSOCIATED BANC CORP COM COM 045487105 19,902 815,649 SH   SOLE   400,287 0 415,362
AVISTA CORP COM COM 05379B107 10,614 271,816 SH   SOLE   130,821 0 140,995
BANKFINANCIAL CORP COM COM 06643P104 1,523 104,911 SH   SOLE   99,860 0 5,051
BED BATH & BEYOND INC COM COM 075896100 8,180 207,305 SH   SOLE   167,491 0 39,814
BEST BUY INC COM COM 086516101 299 6,078 SH   SOLE   6,078 0 0
BIGLARI HLDGS INC COM COM 08986R101 3,239 7,499 SH   SOLE   7,300 0 199
BOULDER GROWTH & INCOME FD INC COM 101507101 2,013 216,494 SH   SOLE   216,494 0 0
BRANDYWINE RLTY TR SH BEN INT COM 105368203 26,703 1,645,285 SH   SOLE   803,048 0 842,237
BRIXMOR PPTY GROUP INC COM COM 11120U105 318 14,811 SH   SOLE   14,811 0 0
BROOKDALE SR LIVING INC COM COM 112463104 20,383 1,517,690 SH   SOLE   1,338,347 0 179,343
CABOT OIL & GAS CORP COM COM 127097103 14,621 611,501 SH   SOLE   501,763 0 109,738
CALIFORNIA WTR SVC GROUP COM COM 130788102 2,185 60,939 SH   SOLE   57,928 0 3,011
CAPITAL BK FINL CORP CL A COM COM 139794101 15,390 354,610 SH   SOLE   172,942 0 181,668
CASCADE BANCORP COM NEW COM 147154207 1,709 221,685 SH   SOLE   221,685 0 0
CATCHMARK TIMBER TR INC CL A COM 14912Y202 3,685 319,918 SH   SOLE   305,634 0 14,284
CAVCO INDS INC DEL COM COM 149568107 1,430 12,281 SH   SOLE   11,733 0 548
CBIZ INC COM COM 124805102 2,528 186,573 SH   SOLE   178,316 0 8,257
CHASE CORP COM COM 16150R104 1,935 20,286 SH   SOLE   19,386 0 900
CHECK POINT SOFTWARE TECH LTD COM M22465104 16,578 161,481 SH   SOLE   133,046 0 28,435
CISCO SYS INC COM COM 17275R102 22,844 675,845 SH   SOLE   585,106 0 90,739
CIT GROUP INC COM NEW COM 125581801 12,259 285,548 SH   SOLE   232,155 0 53,393
CITIZENS FINL GROUP INC COM COM 174610105 439 12,712 SH   SOLE   12,712 0 0
CITY OFFICE REIT INC COM COM 178587101 164 13,463 SH   SOLE   13,463 0 0
CLEARWATER PAPER CORP COM COM 18538R103 15,803 282,200 SH   SOLE   136,725 0 145,475
COBIZ FINANCIAL INC COM COM 190897108 1,275 75,915 SH   SOLE   72,294 0 3,621
COLLECTORS UNIVERSE INC COM NE COM 19421R200 1,882 72,113 SH   SOLE   68,845 0 3,268
COLONY NORTHSTAR INC CL A COM COM 19625W104 18,153 1,406,090 SH   SOLE   657,577 0 748,513
COMMUNITY TR BANCORP INC COM COM 204149108 20,394 445,770 SH   SOLE   218,430 0 227,340
CONSOLIDATED EDISON INC COM COM 209115104 359 4,628 SH   SOLE   4,628 0 0
CONTINENTAL BLDG PRODS INC COM COM 211171103 18,305 747,163 SH   SOLE   412,369 0 334,794
CORE MOLDING TECHNOLOGIES INC COM 218683100 2,113 118,501 SH   SOLE   113,245 0 5,256
COUSINS PPTYS INC COM COM 222795106 14,514 1,755,038 SH   SOLE   870,659 0 884,379
CUTERA INC COM COM 232109108 4,162 201,064 SH   SOLE   195,067 0 5,997
DDR CORP COM COM 23317H102 128 10,208 SH   SOLE   10,208 0 0
DEAN FOODS CO NEW COM NEW COM 242370203 12,769 649,496 SH   SOLE   319,452 0 330,044
DECKERS OUTDOOR CORP COM COM 243537107 15,400 257,828 SH   SOLE   134,784 0 123,044
DICKS SPORTING GOODS INC COM COM 253393102 18,349 377,080 SH   SOLE   237,845 0 139,235
DRIL-QUIP INC COM COM 262037104 17,129 314,003 SH   SOLE   152,351 0 161,652
EASTMAN CHEM CO COM COM 277432100 19,547 241,919 SH   SOLE   213,258 0 28,661
EDISON INTL COM COM 281020107 11,696 146,914 SH   SOLE   118,741 0 28,173
EL PASO ELEC CO COM NEW COM 283677854 11,207 221,928 SH   SOLE   121,454 0 100,474
EMC INS GROUP INC COM COM 268664109 2,205 78,577 SH   SOLE   75,085 0 3,492
EMCOR GROUP INC COM COM 29084Q100 15,981 253,864 SH   SOLE   122,844 0 131,020
EMPLOYERS HOLDINGS INC COM COM 292218104 23,433 617,465 SH   SOLE   340,771 0 276,694
ENTRAVISION COMMUNICATIONS CP COM 29382R107 5,384 868,433 SH   SOLE   381,715 0 486,718
FELCOR LODGING TR INC COM COM 31430F101 3,648 485,718 SH   SOLE   464,370 0 21,348
FIRST AMERN FINL CORP COM COM 31847R102 10,603 269,945 SH   SOLE   132,495 0 137,450
FIRST BANCORP N C COM COM 318910106 2,151 73,448 SH   SOLE   69,942 0 3,506
FIRST CMNTY BANCSHARES INC NEV COM 31983A103 2,004 80,266 SH   SOLE   76,682 0 3,584
FIRST MIDWEST BANCORP DEL COM COM 320867104 19,607 828,019 SH   SOLE   406,232 0 421,787
FLY LEASING LTD SPONSORED ADR COM 34407D109 1,900 144,780 SH   SOLE   138,376 0 6,404
FORTRESS TRANS INFRST INVS LLC COM 34960P101 1,268 85,020 SH   SOLE   85,020 0 0
FRANCESCAS HLDGS CORP COM COM 351793104 3,404 221,786 SH   SOLE   215,666 0 6,120
FULTON FINL CORP PA COM COM 360271100 20,784 1,164,388 SH   SOLE   573,567 0 590,821
GAMESTOP CORP NEW CL A COM 36467W109 11,612 514,954 SH   SOLE   253,088 0 261,866
GENERAL MLS INC COM COM 370334104 8,651 146,600 SH   SOLE   118,498 0 28,102
GLOBAL BRASS & COPPR HLDGS INC COM 37953G103 18,527 538,577 SH   SOLE   304,425 0 234,152
GRAPHIC PACKAGING HLDG CO COM COM 388689101 1,858 144,333 SH   SOLE   144,333 0 0
GREENHILL & CO INC COM COM 395259104 13,223 451,311 SH   SOLE   221,579 0 229,732
HANCOCK HLDG CO COM COM 410120109 22,521 494,434 SH   SOLE   242,681 0 251,753
HANDY & HARMAN LTD COM COM 410315105 3,919 144,074 SH   SOLE   140,306 0 3,768
HERSHA HOSPITALITY TR PR SHS B COM 427825500 18,459 982,371 SH   SOLE   476,739 0 505,632
HNI CORP COM COM 404251100 4,564 99,032 SH   SOLE   48,269 0 50,763
HOMETRUST BANCSHARES INC COM COM 437872104 1,541 65,569 SH   SOLE   62,426 0 3,143
HORACE MANN EDUCATORS CORP NEW COM 440327104 18,051 439,741 SH   SOLE   215,683 0 224,058
HOST HOTELS & RESORTS INC COM COM 44107P104 248 13,268 SH   SOLE   13,268 0 0
HURCO COMPANIES INC COM COM 447324104 2,736 87,975 SH   SOLE   85,546 0 2,429
HUTTIG BLDG PRODS INC COM COM 448451104 3,285 403,520 SH   SOLE   389,628 0 13,892
INTERPUBLIC GROUP COS INC COM COM 460690100 8,155 331,925 SH   SOLE   327,789 0 4,136
INVESCO LTD SHS COM G491BT108 19,922 650,417 SH   SOLE   573,915 0 76,502
INVITATION HOMES INC COM COM 46187W107 5,202 238,286 SH   SOLE   193,835 0 44,451
IPG PHOTONICS CORP COM COM 44980X109 23,896 197,977 SH   SOLE   97,234 0 100,743
JOHNSON OUTDOORS INC CL A COM 479167108 1,401 38,385 SH   SOLE   37,155 0 1,230
JPMORGAN CHASE & CO COM COM 46625H100 18,152 206,645 SH   SOLE   166,514 0 40,131
KAISER ALUMINUM CORP COM PAR $ COM 483007704 14,304 179,025 SH   SOLE   94,528 0 84,497
KENNEDY-WILSON HLDGS INC COM COM 489398107 28,133 1,267,251 SH   SOLE   653,688 0 613,563
KIMBALL ELECTRONICS INC COM COM 49428J109 1,183 69,793 SH   SOLE   67,790 0 2,003
KITE RLTY GROUP TR COM NEW COM 49803T300 16,995 790,469 SH   SOLE   385,424 0 405,045
KNIGHT TRANSN INC COM COM 499064103 16,118 514,144 SH   SOLE   248,483 0 265,661
KORN FERRY INTL COM NEW COM 500643200 21,894 695,262 SH   SOLE   336,406 0 358,856
KULICKE & SOFFA INDS INC COM COM 501242101 3,111 153,087 SH   SOLE   146,317 0 6,770
LHC GROUP INC COM COM 50187A107 2,851 52,901 SH   SOLE   51,500 0 1,401
LIBERTY PPTY TR SH BEN INT COM 531172104 8,259 214,254 SH   SOLE   170,063 0 44,191
MAINSOURCE FINANCIAL GP INC CO COM 56062Y102 2,633 79,955 SH   SOLE   76,112 0 3,843
MARCUS CORP COM COM 566330106 2,244 69,918 SH   SOLE   66,825 0 3,093
MARLIN BUSINESS SVCS CORP COM COM 571157106 2,942 114,256 SH   SOLE   109,692 0 4,564
MARTEN TRANS LTD COM COM 573075108 2,340 99,779 SH   SOLE   95,350 0 4,429
MERIT MED SYS INC COM COM 589889104 14,234 492,512 SH   SOLE   241,895 0 250,617
METLIFE INC COM COM 59156R108 21,648 409,841 SH   SOLE   358,696 0 51,145
MUELLER INDS INC COM COM 624756102 17,920 523,505 SH   SOLE   256,856 0 266,649
NATIONAL BANKSHARES INC VA COM COM 634865109 1,898 50,537 SH   SOLE   48,118 0 2,419
NATIONAL OILWELL VARCO INC COM COM 637071101 16,176 403,485 SH   SOLE   331,091 0 72,394
NCI INC CL A COM 62886K104 1,850 122,903 SH   SOLE   117,415 0 5,488
NEENAH PAPER INC COM COM 640079109 1,966 26,323 SH   SOLE   25,156 0 1,167
NETSCOUT SYS INC COM COM 64115T104 22,276 586,977 SH   SOLE   288,309 0 298,668
NEWPARK RES INC COM PAR $.01NE COM 651718504 2,901 358,107 SH   SOLE   341,852 0 16,255
NORTHERN TR CORP COM COM 665859104 523 6,043 SH   SOLE   6,043 0 0
NORTHRIM BANCORP INC COM COM 666762109 1,440 47,924 SH   SOLE   45,634 0 2,290
NUTRACEUTICAL INTL CORP COM COM 67060Y101 16,620 533,563 SH   SOLE   348,920 0 184,643
NXP SEMICONDUCTORS N V COM COM N6596X109 1,831 17,687 SH   SOLE   17,687 0 0
OLD DOMINION FGHT LINES INC CO COM 679580100 19,894 232,484 SH   SOLE   114,900 0 117,584
OLD NATL BANCORP IND COM COM 680033107 21,503 1,239,362 SH   SOLE   608,391 0 630,971
OMNICOM GROUP INC COM COM 681919106 12,055 139,835 SH   SOLE   112,922 0 26,913
ORION ENGINEERED CARBONS S A C COM L72967109 16,633 811,346 SH   SOLE   423,667 0 387,679
OWENS CORNING NEW COM COM 690742101 12,031 196,037 SH   SOLE   158,055 0 37,982
PACIFIC CONTINENTAL CORP COM COM 69412V108 1,300 53,075 SH   SOLE   50,518 0 2,557
PAREXEL INTL CORP COM COM 699462107 21,145 335,042 SH   SOLE   214,103 0 120,939
PARK STERLING CORP COM COM 70086Y105 2,168 176,127 SH   SOLE   168,311 0 7,816
PATTERSON UTI ENERGY INC COM COM 703481101 353 14,535 SH   SOLE   14,535 0 0
PDC ENERGY INC COM COM 69327R101 11,650 186,856 SH   SOLE   92,942 0 93,914
PFIZER INC COM COM 717081103 17,024 497,625 SH   SOLE   407,261 0 90,364
PNC FINL SVCS GROUP INC COM COM 693475105 14,686 122,138 SH   SOLE   100,771 0 21,367
PNM RES INC COM COM 69349H107 401 10,830 SH   SOLE   10,830 0 0
POLYONE CORP COM COM 73179P106 13,740 403,041 SH   SOLE   195,298 0 207,743
PORTLAND GEN ELEC CO COM NEW COM 736508847 13,424 302,212 SH   SOLE   145,569 0 156,643
PRECISION DRILLING CORP COM 20 COM 74022D308 25,054 5,307,967 SH   SOLE   3,266,631 0 2,041,336
PREFORMED LINE PRODS CO COM COM 740444104 4,461 85,546 SH   SOLE   83,516 0 2,030
PROVIDENT FINL SVCS INC COM COM 74386T105 20,600 796,918 SH   SOLE   391,659 0 405,259
PRUDENTIAL FINL INC COM COM 744320102 25,931 243,071 SH   SOLE   210,719 0 32,352
PTC INC COM COM 69370C100 23,779 452,508 SH   SOLE   239,965 0 212,543
QEP RES INC COM COM 74733V100 17,241 1,356,526 SH   SOLE   1,171,269 0 185,257
QUANTA SVCS INC COM COM 74762E102 16,644 448,514 SH   SOLE   215,691 0 232,823
RADIAN GROUP INC COM COM 750236101 25,688 1,430,302 SH   SOLE   701,400 0 728,902
RAMCO-GERSHENSON PPTYS TR COM COM 751452202 3,294 234,974 SH   SOLE   224,508 0 10,466
REGAL BELOIT CORP COM COM 758750103 13,205 174,549 SH   SOLE   145,390 0 29,159
REGAL ENTMT GROUP CL A COM 758766109 402 17,820 SH   SOLE   17,820 0 0
REGIONS FINL CORP NEW COM COM 7591EP100 10,851 746,769 SH   SOLE   603,005 0 143,764
RELIANCE STEEL & ALUMINUM CO C COM 759509102 315 3,938 SH   SOLE   3,938 0 0
RENAISSANCERE HOLDINGS LTD COM COM G7496G103 16,937 117,088 SH   SOLE   97,816 0 19,272
RGC RES INC COM COM 74955L103 3,047 138,504 SH   SOLE   132,531 0 5,973
RING ENERGY INC COM COM 76680V108 1,896 175,226 SH   SOLE   166,704 0 8,522
RUDOLPH TECHNOLOGIES INC COM COM 781270103 1,845 82,374 SH   SOLE   78,730 0 3,644
SANDY SPRING BANCORP INC COM COM 800363103 25,083 611,923 SH   SOLE   323,442 0 288,481
SELECT COMFORT CORP COM COM 81616X103 14,396 580,699 SH   SOLE   284,805 0 295,894
SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 1,439 60,657 SH   SOLE   60,657 0 0
SERVICEMASTER GLOBAL HLDGS INC COM 81761R109 22,625 541,924 SH   SOLE   266,234 0 275,690
SMITH & NEPHEW PLC SPDN ADR NE COM 83175M205 561 18,125 SH   SOLE   18,125 0 0
SOUTHWEST BANCORP INC OKLA COM COM 844767103 2,403 91,889 SH   SOLE   88,008 0 3,881
SP PLUS CORP COM COM 78469C103 2,555 75,704 SH   SOLE   72,357 0 3,347
STEEL PARTNERS HLDGS L P LTD P COM 85814R107 1,601 83,380 SH   SOLE   83,380 0 0
STEELCASE INC CL A COM 858155203 21,346 1,274,395 SH   SOLE   617,505 0 656,890
STERLING CONSTRUCTION CO INC C COM 859241101 3,697 399,677 SH   SOLE   386,996 0 12,681
STEWART INFORMATION SVCS CORP COM 860372101 1,648 37,302 SH   SOLE   35,657 0 1,645
SUNCOR ENERGY INC NEW COM COM 867224107 11,780 383,086 SH   SOLE   312,565 0 70,521
SUNTRUST BKS INC COM COM 867914103 13,954 252,328 SH   SOLE   205,423 0 46,905
SYNERON MEDICAL LTD ORD SHS COM M87245102 17,355 1,645,048 SH   SOLE   857,207 0 787,841
TERADYNE INC COM COM 880770102 20,871 671,107 SH   SOLE   361,584 0 309,523
TESCO CORP COM COM 88157K101 2,183 271,171 SH   SOLE   257,673 0 13,498
THOR INDS INC COM COM 885160101 22,025 229,122 SH   SOLE   146,256 0 82,866
TOTAL SYS SVCS INC COM COM 891906109 304 5,681 SH   SOLE   5,681 0 0
TRANSCAT INC COM COM 893529107 4,165 327,947 SH   SOLE   318,000 0 9,947
TWENTY FIRST CENTY FOX INC CL COM 90130A200 20,643 649,563 SH   SOLE   570,235 0 79,328
UNION PAC CORP COM COM 907818108 11,634 109,841 SH   SOLE   88,591 0 21,250
UNITED FIRE GROUP INC COM COM 910340108 11,196 261,767 SH   SOLE   128,955 0 132,812
UNITED NAT FOODS INC COM COM 911163103 13,718 317,320 SH   SOLE   264,122 0 53,198
UNITED STATES LIME & MINERALS COM 911922102 2,093 26,505 SH   SOLE   25,363 0 1,142
VCA INC COM COM 918194101 312 3,415 SH   SOLE   3,415 0 0
VECTREN CORP COM COM 92240G101 17,009 290,204 SH   SOLE   139,696 0 150,508
VIRTUS INVT PARTNERS INC COM COM 92828Q109 1,160 10,955 SH   SOLE   10,955 0 0
WASHINGTON PRIME GROUP NEW COM COM 93964W108 904 103,979 SH   SOLE   103,979 0 0
WEIS MKTS INC COM COM 948849104 14,534 243,651 SH   SOLE   120,024 0 123,627
WESBANCO INC COM COM 950810101 10,634 279,044 SH   SOLE   136,905 0 142,139
WESTERN NEW ENG BANCORP INC CO COM 958892101 1,907 181,620 SH   SOLE   172,947 0 8,673
WHIRLPOOL CORP COM COM 963320106 421 2,460 SH   SOLE   2,460 0 0
WPX ENERGY INC COM COM 98212B103 14,937 1,115,529 SH   SOLE   611,600 0 503,929
XCEL ENERGY INC COM COM 98389B100 12,379 278,496 SH   SOLE   226,661 0 51,835