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 5,236 87,382 SH   SOLE   52,490 0 34,892
ABM INDS INC COM COM 000957100 26,596 794,380 SH   SOLE   373,185 0 421,195
AGCO CORP COM COM 001084102 2,213 34,120 SH   SOLE   17,641 0 16,479
AGREE REALTY CORP COM COM 008492100 913 19,004 SH   SOLE   17,695 0 1,309
ALLSCRIPTS HEALTHCARE SOLUTNS COM 01988P108 28,172 2,281,106 SH   SOLE   1,148,878 0 1,132,228
ALLSTATE CORP COM COM 020002101 3,046 32,134 SH   SOLE   16,101 0 16,033
ALMOST FAMILY INC COM COM 020409108 3,196 57,069 SH   SOLE   45,999 0 11,070
AMERICAN EAGLE OUTFITTERS NEW COM 02553E106 39,743 1,994,111 SH   SOLE   1,176,762 0 817,349
AMERICAN SOFTWARE INC CL A COM 029683109 2,957 227,453 SH   SOLE   182,249 0 45,204
ANALOG DEVICES INC COM COM 032654105 4,332 47,533 SH   SOLE   30,403 0 17,130
ARCOS DORADOS HOLDINGS INC SHS COM G0457F107 6,172 674,546 SH   SOLE   345,829 0 328,717
ARK RESTAURANTS CORP COM COM 040712101 5,407 225,274 SH   SOLE   196,900 0 28,374
ARTESIAN RESOURCES CORP CL A COM 043113208 2,372 65,013 SH   SOLE   52,063 0 12,950
ASGN INC COM COM 00191U102 23,072 281,778 SH   SOLE   134,679 0 147,099
ASSOCIATED BANC CORP COM COM 045487105 22,086 888,781 SH   SOLE   425,888 0 462,893
ATKORE INTL GROUP INC COM COM 047649108 14,802 745,676 SH   SOLE   351,288 0 394,388
BANKFINANCIAL CORP COM COM 06643P104 1,995 117,502 SH   SOLE   94,328 0 23,174
BOULDER GROWTH & INCOME FD INC COM 101507101 2,213 205,313 SH   SOLE   205,313 0 0
BRANDYWINE RLTY TR SH BEN INT COM 105368203 27,848 1,753,632 SH   SOLE   840,682 0 912,950
BROOKDALE SR LIVING INC COM COM 112463104 1,824 271,809 SH   SOLE   182,728 0 89,081
CABOT OIL & GAS CORP COM COM 127097103 9,042 377,052 SH   SOLE   319,786 0 57,266
CALERES INC COM COM 129500104 18,618 554,103 SH   SOLE   264,524 0 289,579
CAPITAL CITY BK GROUP INC COM COM 139674105 1,401 56,606 SH   SOLE   45,321 0 11,285
CATCHMARK TIMBER TR INC CL A COM 14912Y202 4,486 359,707 SH   SOLE   288,747 0 70,960
CAVCO INDS INC DEL COM COM 149568107 2,400 13,813 SH   SOLE   11,091 0 2,722
CBIZ INC COM COM 124805102 3,421 187,478 SH   SOLE   151,138 0 36,340
CBS CORP NEW CL B COM 124857202 10,204 198,558 SH   SOLE   175,448 0 23,110
CISCO SYS INC COM COM 17275R102 10,937 255,009 SH   SOLE   219,328 0 35,681
CIT GROUP INC COM NEW COM 125581801 2,923 56,748 SH   SOLE   28,865 0 27,883
CITY OFFICE REIT INC COM COM 178587101 4,502 389,488 SH   SOLE   313,240 0 76,248
CNO FINL GROUP INC COM COM 12621E103 15,588 719,314 SH   SOLE   344,661 0 374,653
CNX RESOURCES CORPORATION COM COM 12653C108 20,373 1,320,378 SH   SOLE   618,332 0 702,046
COBIZ FINANCIAL INC COM COM 190897108 1,662 84,793 SH   SOLE   68,055 0 16,738
COLONY NORTHSTAR INC CL A COM COM 19625W104 5,131 912,983 SH   SOLE   436,719 0 476,264
COMMUNITY TR BANCORP INC COM COM 204149108 24,192 535,212 SH   SOLE   271,114 0 264,098
COMPUTER PROGRAMS & SYS INC CO COM 205306103 2,773 94,971 SH   SOLE   76,471 0 18,500
CONTINENTAL BLDG PRODS INC COM COM 211171103 22,366 783,402 SH   SOLE   408,983 0 374,419
COOPER TIRE & RUBR CO COM COM 216831107 14,701 501,754 SH   SOLE   258,764 0 242,990
CORE MOLDING TECHNOLOGIES INC COM 218683100 3,767 211,287 SH   SOLE   183,489 0 27,798
COUSINS PPTYS INC COM COM 222795106 24,142 2,781,325 SH   SOLE   1,336,477 0 1,444,848
DRIL-QUIP INC COM COM 262037104 20,452 456,523 SH   SOLE   214,616 0 241,907
DUCOMMUN INC DEL COM COM 264147109 2,806 92,376 SH   SOLE   74,192 0 18,184
EASTMAN CHEM CO COM COM 277432100 10,705 101,395 SH   SOLE   86,153 0 15,242
EDGEWELL PERS CARE CO COM COM 28035Q102 12,856 263,337 SH   SOLE   126,196 0 137,141
EL PASO ELEC CO COM NEW COM 283677854 22,015 431,675 SH   SOLE   220,800 0 210,875
EMC INS GROUP INC COM COM 268664109 3,532 130,431 SH   SOLE   104,517 0 25,914
EMPLOYERS HOLDINGS INC COM COM 292218104 26,389 652,388 SH   SOLE   344,963 0 307,425
ENCOMPASS HEALTH CORP COM COM 29261A100 12,270 214,621 SH   SOLE   178,534 0 36,087
ENERPLUS CORP COM COM 292766102 1,085 96,399 SH   SOLE   96,399 0 0
FIRST BANCORP N C COM COM 318910106 2,924 82,019 SH   SOLE   65,827 0 16,192
FIRST CMNTY BANCSHARES INC NEV COM 31983A103 2,887 96,708 SH   SOLE   77,706 0 19,002
FIRST HORIZON NATL CORP COM COM 320517105 18,149 963,850 SH   SOLE   462,045 0 501,805
FIRST MIDWEST BANCORP DEL COM COM 320867104 18,001 732,060 SH   SOLE   350,950 0 381,110
FLY LEASING LTD SPONSORED ADR COM 34407D109 3,803 285,698 SH   SOLE   229,454 0 56,244
FORTRESS TRANS INFRST INVS LLC COM 34960P101 1,286 80,642 SH   SOLE   80,642 0 0
FORWARD AIR CORP COM COM 349853101 16,824 318,282 SH   SOLE   149,529 0 168,753
FRANCESCAS HLDGS CORP COM COM 351793104 1,466 305,450 SH   SOLE   245,104 0 60,346
FULTON FINL CORP PA COM COM 360271100 21,330 1,201,709 SH   SOLE   579,607 0 622,102
GAMESTOP CORP NEW CL A COM 36467W109 4,994 395,723 SH   SOLE   188,618 0 207,105
GAP INC DEL COM COM 364760108 2,966 95,061 SH   SOLE   60,282 0 34,779
GLOBAL BRASS & COPPR HLDGS INC COM 37953G103 15,673 468,551 SH   SOLE   259,464 0 209,087
GRAY TELEVISION INC COM COM 389375106 4,494 353,860 SH   SOLE   302,448 0 51,412
GREENBRIER COS INC COM COM 393657101 28,250 562,186 SH   SOLE   349,510 0 212,676
GREENHILL & CO INC COM COM 395259104 18,747 1,013,376 SH   SOLE   528,545 0 484,831
HANCOCK HLDG CO COM COM 410120109 19,227 371,900 SH   SOLE   178,375 0 193,525
HERSHA HOSPITALITY TR PR SHS B COM 427825500 20,813 1,162,729 SH   SOLE   589,478 0 573,251
HOMETRUST BANCSHARES INC COM COM 437872104 2,084 80,011 SH   SOLE   64,109 0 15,902
HORACE MANN EDUCATORS CORP NEW COM 440327104 19,368 453,042 SH   SOLE   217,144 0 235,898
HURCO COMPANIES INC COM COM 447324104 3,222 70,191 SH   SOLE   60,674 0 9,517
INDEPENDENCE RLTY TR INC COM COM 45378A106 1,835 199,915 SH   SOLE   161,342 0 38,573
INNOPHOS HOLDINGS INC COM COM 45774N108 2,080 51,734 SH   SOLE   41,449 0 10,285
INVACARE CORP COM COM 461203101 2,152 123,661 SH   SOLE   99,696 0 23,965
INVESCO LTD SHS COM G491BT108 4,364 136,319 SH   SOLE   97,940 0 38,379
IPG PHOTONICS CORP COM COM 44980X109 17,303 74,142 SH   SOLE   35,469 0 38,673
ISTAR INC COM COM 45031U101 2,913 286,447 SH   SOLE   223,667 0 62,780
JPMORGAN CHASE & CO COM COM 46625H100 4,408 40,083 SH   SOLE   19,235 0 20,848
KAISER ALUMINUM CORP COM PAR $ COM 483007704 18,765 185,972 SH   SOLE   95,255 0 90,717
KENNEDY-WILSON HLDGS INC COM COM 489398107 27,000 1,551,727 SH   SOLE   779,449 0 772,278
KIMBALL ELECTRONICS INC COM COM 49428J109 1,921 118,933 SH   SOLE   95,273 0 23,660
KIMBALL INTL INC CL B COM 494274103 2,230 130,891 SH   SOLE   105,123 0 25,768
KITE RLTY GROUP TR COM NEW COM 49803T300 13,114 861,083 SH   SOLE   412,906 0 448,177
KOHLS CORP COM COM 500255104 3,806 58,091 SH   SOLE   40,038 0 18,053
KULICKE & SOFFA INDS INC COM COM 501242101 3,502 140,013 SH   SOLE   112,162 0 27,851
LEGG MASON INC COM COM 524901105 21,002 516,656 SH   SOLE   264,149 0 252,507
LHC GROUP INC COM COM 50187A107 22,864 371,410 SH   SOLE   198,734 0 172,676
LIBERTY PPTY TR SH BEN INT COM 531172104 1,884 47,420 SH   SOLE   24,298 0 23,122
MAINSOURCE FINANCIAL GP INC CO COM 56062Y102 1,676 41,220 SH   SOLE   33,125 0 8,095
MARCUS CORP COM COM 566330106 3,653 120,368 SH   SOLE   96,448 0 23,920
MARTEN TRANS LTD COM COM 573075108 3,655 160,295 SH   SOLE   128,755 0 31,540
MASCO CORP COM COM 574599106 2,518 62,270 SH   SOLE   31,159 0 31,111
MCBC HLDGS INC COM COM 55276F107 4,171 165,509 SH   SOLE   142,299 0 23,210
MERIT MED SYS INC COM COM 589889104 9,367 206,558 SH   SOLE   98,589 0 107,969
MICRON TECHNOLOGY INC COM COM 595112103 3,505 67,218 SH   SOLE   44,221 0 22,997
MOOG INC CL A COM 615394202 26,892 326,324 SH   SOLE   207,762 0 118,562
MUELLER INDS INC COM COM 624756102 12,353 472,201 SH   SOLE   222,467 0 249,734
NATIONAL BANKSHARES INC VA COM COM 634865109 2,614 58,018 SH   SOLE   46,872 0 11,146
NATIONAL OILWELL VARCO INC COM COM 637071101 3,417 92,824 SH   SOLE   56,888 0 35,936
NEENAH INC COM COM 640079109 2,324 29,640 SH   SOLE   23,791 0 5,849
NEWPARK RES INC COM PAR $.01NE COM 651718504 3,265 403,127 SH   SOLE   323,734 0 79,393
NEXSTAR MEDIA GROUP INC CL A COM 65336K103 19,625 295,120 SH   SOLE   141,117 0 154,003
NORTHRIM BANCORP INC COM COM 666762109 2,125 61,507 SH   SOLE   49,348 0 12,159
OLD NATL BANCORP IND COM COM 680033107 16,740 990,504 SH   SOLE   474,871 0 515,633
ORION ENGINEERED CARBONS S A C COM L72967109 27,612 1,018,890 SH   SOLE   551,512 0 467,378
OWENS CORNING NEW COM COM 690742101 11,028 137,170 SH   SOLE   117,593 0 19,577
PENN VA CORP NEW COM COM 70788V102 2,195 62,631 SH   SOLE   50,581 0 12,050
PNC FINL SVCS GROUP INC COM COM 693475105 2,918 19,296 SH   SOLE   9,666 0 9,630
POLYONE CORP COM COM 73179P106 21,661 509,434 SH   SOLE   238,664 0 270,770
PORTLAND GEN ELEC CO COM NEW COM 736508847 14,773 364,668 SH   SOLE   167,431 0 197,237
PREFORMED LINE PRODS CO COM COM 740444104 6,235 95,798 SH   SOLE   83,682 0 12,116
PRINCIPAL FINL GROUP INC COM COM 74251V102 2,632 43,212 SH   SOLE   22,052 0 21,160
PROCTER AND GAMBLE CO COM COM 742718109 2,865 36,144 SH   SOLE   18,105 0 18,039
PROVIDENT FINL SVCS INC COM COM 74386T105 20,994 820,391 SH   SOLE   393,738 0 426,653
PRUDENTIAL FINL INC COM COM 744320102 10,905 105,315 SH   SOLE   90,564 0 14,751
PUBLIC SVC ENTERPRISE GROUP CO COM 744573106 3,548 70,612 SH   SOLE   49,122 0 21,490
QUANTA SVCS INC COM COM 74762E102 26,622 775,023 SH   SOLE   387,935 0 387,088
RADIAN GROUP INC COM COM 750236101 22,220 1,167,003 SH   SOLE   559,505 0 607,498
RAMBUS INC DEL COM COM 750917106 17,655 1,314,584 SH   SOLE   629,854 0 684,730
RAMCO-GERSHENSON PPTYS TR COM COM 751452202 2,306 186,538 SH   SOLE   149,809 0 36,729
REGAL BELOIT CORP COM COM 758750103 3,932 53,600 SH   SOLE   36,757 0 16,843
REGIONS FINL CORP NEW COM COM 7591EP100 2,799 150,642 SH   SOLE   75,400 0 75,242
RGC RES INC COM COM 74955L103 2,365 93,103 SH   SOLE   74,692 0 18,411
RLJ LODGING TR COM COM 74965L101 1,837 94,504 SH   SOLE   89,988 0 4,516
ROCKY BRANDS INC COM COM 774515100 4,729 220,484 SH   SOLE   191,393 0 29,091
RUDOLPH TECHNOLOGIES INC COM COM 781270103 2,775 100,163 SH   SOLE   80,267 0 19,896
SANDRIDGE ENERGY INC COM NEW COM 80007P869 2,280 157,121 SH   SOLE   125,917 0 31,204
SANDY SPRING BANCORP INC COM COM 800363103 26,358 680,027 SH   SOLE   366,065 0 313,962
SELECT SECTOR SPDR TR SBI INT- COM 81369Y605 1,586 57,524 SH   SOLE   57,524 0 0
SERVICEMASTER GLOBAL HLDGS INC COM 81761R109 17,833 350,707 SH   SOLE   167,626 0 183,081
SLEEP NUMBER CORP COM COM 83125X103 17,990 511,806 SH   SOLE   243,886 0 267,920
SMITH & NEPHEW PLC SPDN ADR NE COM 83175M205 5,204 136,403 SH   SOLE   89,812 0 46,591
SMUCKER J M CO COM NEW COM 832696405 2,985 24,072 SH   SOLE   12,043 0 12,029
SOUTH ST CORP COM COM 840441109 1,936 22,702 SH   SOLE   18,310 0 4,392
SP PLUS CORP COM COM 78469C103 2,583 72,548 SH   SOLE   58,246 0 14,302
STEEL PARTNERS HLDGS L P LTD P COM 85814R107 2,129 118,923 SH   SOLE   118,923 0 0
STEEL PARTNERS HLDGS L P PFD S COM 85814R206 3,725 181,101 SH   SOLE   158,567 0 22,534
STERLING CONSTRUCTION CO INC C COM 859241101 3,186 277,976 SH   SOLE   224,115 0 53,861
SUNCOR ENERGY INC NEW COM COM 867224107 3,570 103,362 SH   SOLE   62,165 0 41,197
SUNTRUST BKS INC COM COM 867914103 2,971 43,666 SH   SOLE   22,345 0 21,321
TERADYNE INC COM COM 880770102 26,942 589,419 SH   SOLE   296,998 0 292,421
TERRITORIAL BANCORP INC COM COM 88145X108 1,962 66,134 SH   SOLE   53,330 0 12,804
TRANSCAT INC COM COM 893529107 3,466 221,452 SH   SOLE   178,546 0 42,906
TTM TECHNOLOGIES INC COM COM 87305R109 19,473 1,273,595 SH   SOLE   653,888 0 619,707
UNITED STATES LIME & MINERALS COM 911922102 2,471 33,762 SH   SOLE   27,135 0 6,627
UNITIL CORP COM COM 913259107 2,640 56,892 SH   SOLE   45,655 0 11,237
VECTREN CORP COM COM 92240G101 19,581 306,331 SH   SOLE   140,569 0 165,762
WASHINGTON FED INC COM COM 938824109 11,956 345,557 SH   SOLE   167,727 0 177,830
WESBANCO INC COM COM 950810101 12,162 287,523 SH   SOLE   137,885 0 149,638
WESTERN NEW ENG BANCORP INC CO COM 958892101 2,159 202,722 SH   SOLE   162,676 0 40,046
WPX ENERGY INC COM COM 98212B103 30,433 2,059,056 SH   SOLE   1,079,290 0 979,766
XCEL ENERGY INC COM COM 98389B100 2,506 55,095 SH   SOLE   28,014 0 27,081