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
ALAMO GROUP INC. COM 011311107 483 5,273 SH   SOLE   5,273 0 0
ALLERGAN INC. COM g0177j108 1,060 5,565 SH   SOLE   5,565 0 0
AMERCO COM 023586100 1,857 5,208 SH   SOLE   5,208 0 0
AMERICAN WATER WORKS COM 030420103 1,695 19,273 SH   SOLE   19,176 0 97
AMN HEALTHCARE SERVICES COM 001744101 522 9,546 SH   SOLE   9,546 0 0
AQUA AMERICA COM 03836w103 753 20,400 SH   SOLE   20,063 0 337
AT&T INC. COM 00206R102 1,560 46,458 SH   SOLE   46,214 0 244
B & G FOODS COM 05508r106 889 32,384 SH   SOLE   32,026 0 358
BANK AMER CORP COM COM 060505104 1,714 58,191 SH   SOLE   58,191 0 0
BERKSHIRE HATHAWAY INC CL B COM 084670207 1,767 8,251 SH   SOLE   8,251 0 0
BRANDYWINE REALTY TRUST COM 105368203 852 54,210 SH   SOLE   54,210 0 0
BROADCOM LTD. COM 11135f101 753 3,051 SH   SOLE   3,051 0 0
CHARLES RIVER LABORATORIES COM 159864107 2,172 16,143 SH   SOLE   16,143 0 0
CHEVRON CORP NEW COM COM 166764100 1,622 13,266 SH   SOLE   13,195 0 71
COMMUNITY HEALTHCARE TRUST COM 20369c106 220 7,096 SH   SOLE   7,096 0 0
CROWN CASTLE INTERNATIONAL COR COM 22822v101 2,728 24,508 SH   SOLE   24,371 0 137
DANAHER CORP DEL COM COM 235851102 2,777 25,557 SH   SOLE   25,557 0 0
DELTA AIR LINES INC. COM 247361702 1,256 21,716 SH   SOLE   21,604 0 112
DEVON ENERGY CORP NEW COM COM 25179M103 1,180 29,538 SH   SOLE   29,538 0 0
DOLLAR TREE STORES INC. COM 256746108 2,840 34,830 SH   SOLE   34,830 0 0
EHEALTH COM 28238p109 868 30,706 SH   SOLE   30,706 0 0
ELECTRONIC ARTS COM 285512109 1,087 9,023 SH   SOLE   9,023 0 0
EMERSON ELECTRIC COMPANY COM 291011104 1,645 21,477 SH   SOLE   21,364 0 113
EQUIFAX INC. COM 294429105 1,202 9,209 SH   SOLE   9,209 0 0
ESTEE LAUDER COMPANIES INC. COM 518439104 1,971 13,564 SH   SOLE   13,494 0 70
EZCORP INC. COM 302301106 849 79,332 SH   SOLE   79,332 0 0
FEDERAL AGRICULTURAL MORTGAGE COM 313148306 626 8,669 SH   SOLE   8,669 0 0
GENERAL ELECTRIC COMPANY COM 369604103 553 48,973 SH   SOLE   48,682 0 291
GRAPHIC PACKAGING COM 388689101 2,565 183,099 SH   SOLE   182,243 0 856
HEALTHCARE SERVICES GROUP, INC COM 421906108 790 19,453 SH   SOLE   19,453 0 0
HEALTHCARE TRUST OF AMERICA IN COM 42225p501 2,191 82,141 SH   SOLE   81,669 0 472
HONEYWELL INTL INC. COM 438516106 1,788 10,746 SH   SOLE   10,684 0 62
INDEPENDENCE CONTRACT DRILLING COM 453415309 964 195,054 SH   SOLE   195,054 0 0
ITRON INC COM 465741106 720 11,214 SH   SOLE   11,214 0 0
JOHNSON & JOHNSON COM 478160104 1,516 10,974 SH   SOLE   10,826 0 148
JPMORGAN CHASE & CO COM COM 46625H100 2,243 19,875 SH   SOLE   19,775 0 100
KIRBY CORP COM 497266106 277 3,364 SH   SOLE   3,364 0 0
KROGER COMPANY COM 501044101 1,744 59,901 SH   SOLE   59,577 0 324
LABORATORY CORP OF AMER HOLDIN COM 50540R409 3,496 20,127 SH   SOLE   20,075 0 52
LANDEC COM 514766104 526 36,550 SH   SOLE   36,550 0 0
LIONSGATE ENTERTAINMENT COM 535919401 2,188 89,721 SH   SOLE   89,721 0 0
LKQ CORP. COM 501889208 2,417 76,313 SH   SOLE   76,313 0 0
MARATHON PETE CORP COM COM 56585A102 2,332 29,160 SH   SOLE   29,011 0 149
MCCORMICK COM 579780206 2,034 15,441 SH   SOLE   15,325 0 116
MIDDLESEX WATER COMPANY COM 596680108 869 17,957 SH   SOLE   17,957 0 0
MISTRAS GROUP COM 60649t107 830 38,324 SH   SOLE   38,324 0 0
MOHAWK INDS INC COM COM 608190104 1,062 6,056 SH   SOLE   6,056 0 0
MOLSON COORS BREWING CO. COM 60871R209 1,883 30,610 SH   SOLE   30,421 0 189
MOTORCAR PARTS OF AMERICA INC. COM 620071100 903 38,487 SH   SOLE   38,487 0 0
NATIONAL BEVERAGE CORP. COM 635017106 402 3,447 SH   SOLE   3,447 0 0
NEXTERA ENERGY INC. COM 65339F101 2,633 15,710 SH   SOLE   15,630 0 80
NOBILIS HEALTH COM 65500b103 651 650,576 SH   SOLE   650,576 0 0
NOBLE ENERGY INC. COM 655044105 1,243 39,863 SH   SOLE   39,863 0 0
NORTHWESTERN CORP COM 668074305 453 7,727 SH   SOLE   7,727 0 0
OAKTREE CAPITAL COM 674001201 2,782 67,208 SH   SOLE   66,862 0 346
ONESPAN INC COM 68287n100 1,001 52,543 SH   SOLE   52,543 0 0
PNC FINL SVCS GROUP INC COM COM 693475105 2,148 15,769 SH   SOLE   15,644 0 125
PZENA ASSET MANAGEMENT COM 74731q103 857 89,850 SH   SOLE   89,850 0 0
SEALED AIR CORPORATION COM 81211K100 1,986 49,468 SH   SOLE   49,468 0 0
SPECTRUM BRANDS HOLDINGS INC COM 84790a105 741 9,919 SH   SOLE   9,919 0 0
SPIRIT AIRLINES COM 848577102 420 8,945 SH   SOLE   8,945 0 0
STATE BANK FINANCIAL CORP. COM 856190103 938 31,096 SH   SOLE   31,096 0 0
SYNCHRONY FINANCIAL COM 87165b103 1,955 62,917 SH   SOLE   62,718 0 199
SYNEOS HEALTH INC. COM 87166b102 1,112 21,569 SH   SOLE   21,569 0 0
TETRA TECH INC COM 88162G103 566 8,291 SH   SOLE   8,291 0 0
THERMO FISHER SCIENTIFIC INC C COM 883556102 2,988 12,241 SH   SOLE   12,241 0 0
ULTA BEAUTY COM 90384s303 1,323 4,688 SH   SOLE   4,688 0 0
VIRTU FINANCIAL COM 928254101 1,587 77,588 SH   SOLE   77,209 0 379
WALGREENS BOOTS ALLIANCE COM 931427108 1,099 15,069 SH   SOLE   15,069 0 0
WEST PHARMACEUTICAL SERVICES COM 955306105 571 4,622 SH   SOLE   4,622 0 0
WEYERHAEUSER COMPANY COM 962166104 1,417 43,908 SH   SOLE   43,382 0 526
XCEL ENERGY INC. COM 98389B100 2,180 46,176 SH   SOLE   45,942 0 234