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 16,968 297,320 SH   SOLE   261,900 0 35,420
ABM INDS INC COM COM 000957100 30,120 798,509 SH   SOLE   379,427 0 419,082
AGCO CORP COM COM 001084102 10,425 145,952 SH   SOLE   129,230 0 16,722
AGREE REALTY CORP COM COM 008492100 1,502 29,199 SH   SOLE   27,890 0 1,309
ALLSCRIPTS HEALTHCARE SOLUTNS COM 01988P108 43,518 2,990,902 SH   SOLE   1,901,146 0 1,089,756
ALMOST FAMILY INC COM COM 020409108 3,566 64,423 SH   SOLE   50,896 0 13,527
AMERICAN EAGLE OUTFITTERS NEW COM 02553E106 47,997 2,553,018 SH   SOLE   1,532,768 0 1,020,250
AMERICAN SOFTWARE INC CL A COM 029683109 2,867 246,544 SH   SOLE   201,340 0 45,204
ANALOG DEVICES INC COM COM 032654105 14,423 161,998 SH   SOLE   144,608 0 17,390
ARCOS DORADOS HOLDINGS INC SHS COM G0457F107 7,039 680,143 SH   SOLE   351,426 0 328,717
ARK RESTAURANTS CORP COM COM 040712101 6,364 235,445 SH   SOLE   208,969 0 26,476
ARTESIAN RESOURCES CORP CL A COM 043113208 2,720 70,538 SH   SOLE   57,588 0 12,950
ASSOCIATED BANC CORP COM COM 045487105 21,465 845,082 SH   SOLE   409,314 0 435,768
ATKORE INTL GROUP INC COM COM 047649108 14,751 687,671 SH   SOLE   327,337 0 360,334
BANKFINANCIAL CORP COM COM 06643P104 1,955 127,473 SH   SOLE   104,299 0 23,174
BEST BUY INC COM COM 086516101 231 3,375 SH   SOLE   3,375 0 0
BOULDER GROWTH & INCOME FD INC COM 101507101 2,278 205,437 SH   SOLE   205,437 0 0
BRANDYWINE RLTY TR SH BEN INT COM 105368203 31,031 1,705,929 SH   SOLE   822,564 0 883,365
BRIGHTHOUSE FINL INC COM COM 10922N103 1,664 28,377 SH   SOLE   28,377 0 0
BROOKDALE SR LIVING INC COM COM 112463104 14,720 1,517,540 SH   SOLE   1,417,099 0 100,441
CABOT OIL & GAS CORP COM COM 127097103 21,367 747,081 SH   SOLE   689,203 0 57,878
CALERES INC COM COM 129500104 17,596 525,566 SH   SOLE   254,731 0 270,835
CAPITAL CITY BK GROUP INC COM COM 139674105 1,394 60,755 SH   SOLE   49,470 0 11,285
CATCHMARK TIMBER TR INC CL A COM 14912Y202 5,120 389,961 SH   SOLE   319,001 0 70,960
CAVCO INDS INC DEL COM COM 149568107 2,285 14,975 SH   SOLE   12,253 0 2,722
CBIZ INC COM COM 124805102 5,131 332,106 SH   SOLE   285,755 0 46,351
CBS CORP NEW CL B COM 124857202 19,014 322,266 SH   SOLE   299,125 0 23,141
CHECK POINT SOFTWARE TECH LTD COM M22465104 11,161 107,711 SH   SOLE   94,669 0 13,042
CISCO SYS INC COM COM 17275R102 23,600 616,187 SH   SOLE   567,116 0 49,071
CIT GROUP INC COM NEW COM 125581801 12,031 244,383 SH   SOLE   216,080 0 28,303
CITIZENS FINL GROUP INC COM COM 174610105 461 10,987 SH   SOLE   10,987 0 0
CITY OFFICE REIT INC COM COM 178587101 5,073 389,906 SH   SOLE   319,208 0 70,698
CNO FINL GROUP INC COM COM 12621E103 16,585 671,749 SH   SOLE   325,134 0 346,615
CNX RESOURCES CORPORATION COM COM 12653C108 18,183 1,242,845 SH   SOLE   591,126 0 651,719
COBIZ FINANCIAL INC COM COM 190897108 1,838 91,953 SH   SOLE   75,215 0 16,738
COLONY NORTHSTAR INC CL A COM COM 19625W104 19,794 1,734,802 SH   SOLE   835,203 0 899,599
COMMUNITY TR BANCORP INC COM COM 204149108 23,798 505,257 SH   SOLE   259,828 0 245,429
COMPUTER PROGRAMS & SYS INC CO COM 205306103 3,219 107,119 SH   SOLE   84,527 0 22,592
CONSOLIDATED EDISON INC COM COM 209115104 341 4,010 SH   SOLE   4,010 0 0
CONTINENTAL BLDG PRODS INC COM COM 211171103 22,435 796,983 SH   SOLE   424,089 0 372,894
COOPER TIRE & RUBR CO COM COM 216831107 17,838 504,612 SH   SOLE   262,395 0 242,217
CORE MOLDING TECHNOLOGIES INC COM 218683100 4,252 195,941 SH   SOLE   169,300 0 26,641
COUSINS PPTYS INC COM COM 222795106 16,775 1,813,542 SH   SOLE   883,941 0 929,601
CURTISS WRIGHT CORP COM COM 231561101 415 3,405 SH   SOLE   3,405 0 0
CUTERA INC COM COM 232109108 1,993 43,942 SH   SOLE   42,166 0 1,776
DECKERS OUTDOOR CORP COM COM 243537107 6,574 81,914 SH   SOLE   39,996 0 41,918
DRIL-QUIP INC COM COM 262037104 21,889 458,892 SH   SOLE   218,042 0 240,850
DUCOMMUN INC DEL COM COM 264147109 2,580 90,677 SH   SOLE   74,193 0 16,484
EASTMAN CHEM CO COM COM 277432100 19,855 214,320 SH   SOLE   198,679 0 15,641
EDGEWELL PERS CARE CO COM COM 28035Q102 23,283 392,044 SH   SOLE   248,117 0 143,927
EDISON INTL COM COM 281020107 214 3,377 SH   SOLE   3,377 0 0
EL PASO ELEC CO COM NEW COM 283677854 22,551 407,418 SH   SOLE   213,083 0 194,335
EMC INS GROUP INC COM COM 268664109 4,061 141,550 SH   SOLE   115,636 0 25,914
EMPLOYERS HOLDINGS INC COM COM 292218104 29,485 664,071 SH   SOLE   357,650 0 306,421
ENCOMPASS HEALTH CORP COM COM 29261A100 16,395 331,823 SH   SOLE   296,991 0 34,832
ENERPLUS CORP COM COM 292766102 1,315 134,348 SH   SOLE   134,348 0 0
FIRST BANCORP N C COM COM 318910106 3,141 88,967 SH   SOLE   72,775 0 16,192
FIRST CMNTY BANCSHARES INC NEV COM 31983A103 2,815 97,995 SH   SOLE   80,169 0 17,826
FIRST HORIZON NATL CORP COM COM 320517105 15,702 785,496 SH   SOLE   383,592 0 401,903
FIRST MIDWEST BANCORP DEL COM COM 320867104 17,687 736,659 SH   SOLE   356,833 0 379,826
FLY LEASING LTD SPONSORED ADR COM 34407D109 3,051 236,335 SH   SOLE   193,036 0 43,299
FORTRESS TRANS INFRST INVS LLC COM 34960P101 1,608 80,691 SH   SOLE   80,691 0 0
FORWARD AIR CORP COM COM 349853101 18,371 319,830 SH   SOLE   151,913 0 167,917
FRANCESCAS HLDGS CORP COM COM 351793104 4,001 547,320 SH   SOLE   480,303 0 67,017
FULTON FINL CORP PA COM COM 360271100 21,643 1,209,098 SH   SOLE   588,942 0 620,156
GAMESTOP CORP NEW CL A COM 36467W109 14,137 787,554 SH   SOLE   412,478 0 375,076
GAP INC DEL COM COM 364760108 12,190 357,909 SH   SOLE   319,234 0 38,675
GLOBAL BRASS & COPPR HLDGS INC COM 37953G103 14,830 448,042 SH   SOLE   248,438 0 199,604
GRAPHIC PACKAGING HLDG CO COM COM 388689101 508 32,873 SH   SOLE   32,873 0 0
GRAY TELEVISION INC COM COM 389375106 5,338 318,680 SH   SOLE   276,896 0 41,784
GREENBRIER COS INC COM COM 393657101 28,841 541,113 SH   SOLE   343,122 0 197,991
GREENHILL & CO INC COM COM 395259104 20,081 1,029,797 SH   SOLE   546,505 0 483,292
HANCOCK HLDG CO COM COM 410120109 18,522 374,179 SH   SOLE   181,247 0 192,932
HERSHA HOSPITALITY TR PR SHS B COM 427825500 17,686 1,016,428 SH   SOLE   486,275 0 530,153
HOMETRUST BANCSHARES INC COM COM 437872104 2,234 86,766 SH   SOLE   70,864 0 15,902
HORACE MANN EDUCATORS CORP NEW COM 440327104 20,097 455,724 SH   SOLE   220,613 0 235,111
HURCO COMPANIES INC COM COM 447324104 3,888 92,137 SH   SOLE   80,200 0 11,937
INNOPHOS HOLDINGS INC COM COM 45774N108 2,623 56,140 SH   SOLE   45,855 0 10,285
INVESCO LTD SHS COM G491BT108 20,702 566,556 SH   SOLE   524,990 0 41,566
IPG PHOTONICS CORP COM COM 44980X109 23,455 109,534 SH   SOLE   53,085 0 56,449
ISTAR INC COM COM 45031U101 2,988 264,458 SH   SOLE   201,678 0 62,780
JPMORGAN CHASE & CO COM COM 46625H100 18,884 176,583 SH   SOLE   155,422 0 21,161
KAISER ALUMINUM CORP COM PAR $ COM 483007704 20,035 187,502 SH   SOLE   96,785 0 90,717
KENNEDY-WILSON HLDGS INC COM COM 489398107 26,328 1,517,492 SH   SOLE   769,461 0 748,031
KIMBALL ELECTRONICS INC COM COM 49428J109 2,354 128,959 SH   SOLE   105,299 0 23,660
KIMBALL INTL INC CL B COM 494274103 2,415 129,351 SH   SOLE   105,713 0 23,638
KITE RLTY GROUP TR COM NEW COM 49803T300 16,086 820,731 SH   SOLE   395,908 0 424,823
KULICKE & SOFFA INDS INC COM COM 501242101 3,687 151,495 SH   SOLE   123,644 0 27,851
LEGG MASON INC COM COM 524901105 22,131 527,188 SH   SOLE   275,506 0 251,682
LHC GROUP INC COM COM 50187A107 18,673 304,858 SH   SOLE   159,795 0 145,063
LIBERTY PPTY TR SH BEN INT COM 531172104 7,847 182,439 SH   SOLE   158,968 0 23,471
LINCOLN NATL CORP IND COM COM 534187109 483 6,284 SH   SOLE   6,284 0 0
MAINSOURCE FINANCIAL GP INC CO COM 56062Y102 1,958 53,922 SH   SOLE   44,050 0 9,872
MARCUS CORP COM COM 566330106 3,577 130,773 SH   SOLE   106,853 0 23,920
MARLIN BUSINESS SVCS CORP COM COM 571157106 794 35,425 SH   SOLE   32,967 0 2,458
MARTEN TRANS LTD COM COM 573075108 4,118 202,858 SH   SOLE   165,977 0 36,881
MASCO CORP COM COM 574599106 11,633 264,747 SH   SOLE   233,164 0 31,583
MCBC HLDGS INC COM COM 55276F107 3,893 175,186 SH   SOLE   151,976 0 23,210
MERIT MED SYS INC COM COM 589889104 16,159 374,052 SH   SOLE   181,124 0 192,928
METLIFE INC COM COM 59156R108 19,530 386,273 SH   SOLE   358,219 0 28,054
MOOG INC CL A COM 615394202 10,985 126,484 SH   SOLE   63,910 0 62,574
MUELLER INDS INC COM COM 624756102 20,661 583,137 SH   SOLE   281,537 0 301,600
NATIONAL BANKSHARES INC VA COM COM 634865109 2,880 63,357 SH   SOLE   52,211 0 11,146
NATIONAL OILWELL VARCO INC COM COM 637071101 11,938 331,425 SH   SOLE   294,950 0 36,475
NEENAH INC COM COM 640079109 2,915 32,156 SH   SOLE   26,307 0 5,849
NEWPARK RES INC COM PAR $.01NE COM 651718504 3,755 436,666 SH   SOLE   357,273 0 79,393
NEXSTAR MEDIA GROUP INC CL A COM 65336K103 18,310 234,145 SH   SOLE   113,138 0 121,007
NIELSEN HLDGS PLC SHS EUR COM G6518L108 359 9,870 SH   SOLE   9,870 0 0
NORTHERN TR CORP COM COM 665859104 446 4,467 SH   SOLE   4,467 0 0
NORTHRIM BANCORP INC COM COM 666762109 2,258 66,703 SH   SOLE   54,544 0 12,159
OLD DOMINION FGHT LINES INC CO COM 679580100 20,034 152,291 SH   SOLE   73,961 0 78,330
OLD NATL BANCORP IND COM COM 680033107 17,394 996,776 SH   SOLE   482,843 0 513,933
ON ASSIGNMENT INC COM COM 682159108 18,214 283,392 SH   SOLE   136,830 0 146,562
ORION ENGINEERED CARBONS S A C COM L72967109 26,851 1,048,864 SH   SOLE   584,053 0 464,811
OWENS CORNING NEW COM COM 690742101 14,446 157,120 SH   SOLE   138,481 0 18,639
PNC FINL SVCS GROUP INC COM COM 693475105 15,063 104,396 SH   SOLE   93,049 0 11,347
PNM RES INC COM COM 69349H107 379 9,375 SH   SOLE   9,375 0 0
POLYONE CORP COM COM 73179P106 19,657 451,889 SH   SOLE   214,614 0 237,275
PORTLAND GEN ELEC CO COM NEW COM 736508847 14,613 320,604 SH   SOLE   148,812 0 171,792
PREFORMED LINE PRODS CO COM COM 740444104 6,979 98,222 SH   SOLE   86,349 0 11,873
PRINCIPAL FINL GROUP INC COM COM 74251V102 13,056 185,027 SH   SOLE   163,621 0 21,406
PROVIDENT FINL SVCS INC COM COM 74386T105 22,259 825,306 SH   SOLE   400,080 0 425,226
PRUDENTIAL FINL INC COM COM 744320102 25,154 218,770 SH   SOLE   201,209 0 17,561
PUBLIC SVC ENTERPRISE GROUP CO COM 744573106 9,559 185,620 SH   SOLE   163,840 0 21,780
QUANTA SVCS INC COM COM 74762E102 34,960 893,893 SH   SOLE   546,345 0 347,548
RADIAN GROUP INC COM COM 750236101 24,210 1,174,652 SH   SOLE   569,174 0 605,478
RAMBUS INC DEL COM COM 750917106 17,514 1,231,649 SH   SOLE   596,708 0 634,941
RAMCO-GERSHENSON PPTYS TR COM COM 751452202 4,224 286,771 SH   SOLE   234,776 0 51,995
REGAL BELOIT CORP COM COM 758750103 10,174 132,821 SH   SOLE   119,077 0 13,744
REGIONS FINL CORP NEW COM COM 7591EP100 11,062 640,189 SH   SOLE   563,815 0 76,374
RELIANCE STEEL & ALUMINUM CO C COM 759509102 322 3,752 SH   SOLE   3,752 0 0
RGC RES INC COM COM 74955L103 2,739 101,145 SH   SOLE   82,734 0 18,411
RING ENERGY INC COM COM 76680V108 3,377 242,973 SH   SOLE   198,520 0 44,453
RLJ LODGING TR COM COM 74965L101 2,376 108,132 SH   SOLE   103,616 0 4,516
ROCKY BRANDS INC COM COM 774515100 4,145 219,330 SH   SOLE   190,639 0 28,691
RUDOLPH TECHNOLOGIES INC COM COM 781270103 2,594 108,555 SH   SOLE   88,659 0 19,896
SANDRIDGE ENERGY INC COM NEW COM 80007P869 3,582 170,001 SH   SOLE   138,797 0 31,204
SANDY SPRING BANCORP INC COM COM 800363103 25,311 648,668 SH   SOLE   336,524 0 312,144
SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 1,606 57,559 SH   SOLE   57,559 0 0
SERVICEMASTER GLOBAL HLDGS INC COM 81761R109 17,977 350,630 SH   SOLE   168,205 0 182,425
SIMMONS 1ST NATL CORP CL A $1 COM 828730200 780 13,667 SH   SOLE   12,732 0 935
SLEEP NUMBER CORP COM COM 83125X103 22,295 593,109 SH   SOLE   287,927 0 305,182
SMITH & NEPHEW PLC SPDN ADR NE COM 83175M205 15,821 451,902 SH   SOLE   404,606 0 47,296
SMUCKER J M CO COM NEW COM 832696405 12,764 102,735 SH   SOLE   90,525 0 12,210
SOUTH ST CORP COM COM 840441109 1,891 21,703 SH   SOLE   17,725 0 3,978
SP PLUS CORP COM COM 78469C103 2,921 78,727 SH   SOLE   64,425 0 14,302
STEEL PARTNERS HLDGS L P LTD P COM 85814R107 2,191 112,050 SH   SOLE   112,050 0 0
STEEL PARTNERS HLDGS L P PFD S COM 85814R305 4,056 191,343 SH   SOLE   168,809 0 22,534
STERLING CONSTRUCTION CO INC C COM 859241101 3,552 218,211 SH   SOLE   178,215 0 39,996
SUNCOR ENERGY INC NEW COM COM 867224107 13,657 371,919 SH   SOLE   330,105 0 41,814
SUNTRUST BKS INC COM COM 867914103 13,973 216,335 SH   SOLE   191,440 0 24,895
TERADYNE INC COM COM 880770102 25,414 606,976 SH   SOLE   315,608 0 291,368
TERRITORIAL BANCORP INC COM COM 88145X108 1,172 37,979 SH   SOLE   30,559 0 7,420
TOTAL SYS SVCS INC COM COM 891906109 388 4,911 SH   SOLE   4,911 0 0
TRANSCAT INC COM COM 893529107 4,469 313,620 SH   SOLE   254,476 0 59,144
TTM TECHNOLOGIES INC COM COM 87305R109 18,822 1,201,155 SH   SOLE   624,949 0 576,206
TWENTY FIRST CENTY FOX INC CL COM 90130A200 344 10,080 SH   SOLE   10,080 0 0
TYSON FOODS INC CL A COM 902494103 521 6,424 SH   SOLE   6,424 0 0
UNITED STATES LIME & MINERALS COM 911922102 2,603 33,767 SH   SOLE   27,860 0 5,907
UNITIL CORP COM COM 913259107 2,816 61,733 SH   SOLE   50,496 0 11,237
VECTREN CORP COM COM 92240G101 20,018 307,877 SH   SOLE   142,853 0 165,024
WASHINGTON FED INC COM COM 938824109 11,878 346,816 SH   SOLE   168,986 0 177,830
WASHINGTON PRIME GROUP NEW COM COM 93964W108 703 98,752 SH   SOLE   98,752 0 0
WESBANCO INC COM COM 950810101 11,755 289,167 SH   SOLE   140,090 0 149,077
WESTERN NEW ENG BANCORP INC CO COM 958892101 2,399 220,081 SH   SOLE   180,035 0 40,046
WHIRLPOOL CORP COM COM 963320106 263 1,559 SH   SOLE   1,559 0 0
WILLIAMS SONOMA INC COM COM 969904101 7,580 146,615 SH   SOLE   129,133 0 17,482
WPX ENERGY INC COM COM 98212B103 36,671 2,606,321 SH   SOLE   1,662,698 0 943,623
XCEL ENERGY INC COM COM 98389B100 11,469 238,385 SH   SOLE   210,900 0 27,485