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
ADVANCE AUTO PARTS COM 00751y106 211 1,240 SH   SOLE   1,240 0 0
ALAMO GROUP INC. COM 011311107 524 5,242 SH   SOLE   5,242 0 0
AMERCO COM 023586100 1,845 4,966 SH   SOLE   4,966 0 0
AMERICAN VANGUARD COM 030371108 565 32,818 SH   SOLE   32,818 0 0
AMERICAN WATER WORKS COM 030420103 1,904 18,261 SH   SOLE   18,155 0 106
AMN HEALTHCARE SERVICES COM 001744101 278 5,903 SH   SOLE   5,903 0 0
AQUA AMERICA COM 03836w103 1,527 41,904 SH   SOLE   41,552 0 352
ARAMARK COM 03852u106 433 14,641 SH   SOLE   14,641 0 0
ARMADA HOFFLER PROPERTIES COM 04208T108 387 24,846 SH   SOLE   24,846 0 0
AT&T INC. COM 00206R102 1,352 43,104 SH   SOLE   42,829 0 275
B & G FOODS COM 05508r106 354 14,488 SH   SOLE   14,114 0 374
BANK AMER CORP COM COM 060505104 1,504 54,498 SH   SOLE   54,498 0 0
BERKSHIRE HATHAWAY INC CL B COM 084670207 1,553 7,731 SH   SOLE   7,731 0 0
BRANDYWINE REALTY TRUST COM 105368203 888 56,004 SH   SOLE   56,004 0 0
CADENCE BANCIRPORATION COM 12739a100 731 39,427 SH   SOLE   39,427 0 0
CALLAWAY GOLF CO. COM 131193104 722 45,339 SH   SOLE   45,339 0 0
CHARLES RIVER LABORATORIES COM 159864107 2,260 15,562 SH   SOLE   15,562 0 0
CHARLES SCHWAB CORP COM 808513105 1,708 39,936 SH   SOLE   39,936 0 0
CHEVRON CORP NEW COM COM 166764100 1,534 12,453 SH   SOLE   12,382 0 71
COMMUNITY HEALTHCARE TRUST COM 20369c106 774 21,569 SH   SOLE   21,304 0 265
CROWN CASTLE INTERNATIONAL COR COM 22822v101 2,936 22,940 SH   SOLE   22,803 0 137
DANAHER CORP DEL COM COM 235851102 3,186 24,130 SH   SOLE   24,130 0 0
DELTA AIR LINES INC. COM 247361702 1,049 20,317 SH   SOLE   20,205 0 112
DOLLAR TREE STORES INC. COM 256746108 3,022 28,773 SH   SOLE   28,773 0 0
EHEALTH COM 28238p109 916 14,692 SH   SOLE   14,692 0 0
ELECTRONIC ARTS COM 285512109 885 8,706 SH   SOLE   8,706 0 0
EMERSON ELECTRIC COMPANY COM 291011104 1,372 20,032 SH   SOLE   19,919 0 113
ESTEE LAUDER COMPANIES INC. COM 518439104 1,177 7,110 SH   SOLE   7,068 0 42
EZCORP INC. COM 302301106 738 79,228 SH   SOLE   79,228 0 0
FEDERAL AGRICULTURAL MORTGAGE COM 313148306 770 10,633 SH   SOLE   10,633 0 0
GENERAL ELECTRIC COMPANY COM 369604103 460 46,057 SH   SOLE   45,719 0 338
GRAPHIC PACKAGING COM 388689101 2,214 175,280 SH   SOLE   174,420 0 860
HANOVER INSURANCE GROUP COM 410867105 541 4,738 SH   SOLE   4,738 0 0
HEALTHCARE SERVICES GROUP, INC COM 421906108 592 17,943 SH   SOLE   17,943 0 0
HONEYWELL INTL INC. COM 438516106 1,583 9,960 SH   SOLE   9,890 0 70
INDEPENDENCE CONTRACT DRILLING COM 453415309 540 194,787 SH   SOLE   194,787 0 0
JOHNSON & JOHNSON COM 478160104 1,419 10,154 SH   SOLE   10,013 0 141
JPMORGAN CHASE & CO COM COM 46625H100 1,875 18,520 SH   SOLE   18,414 0 106
KIRBY CORP COM 497266106 377 5,014 SH   SOLE   5,014 0 0
KROGER COMPANY COM 501044101 1,428 58,031 SH   SOLE   57,679 0 352
LABORATORY CORP OF AMER HOLDIN COM 50540R409 2,877 18,806 SH   SOLE   18,754 0 52
LANDEC COM 514766104 349 28,420 SH   SOLE   28,420 0 0
LIONSGATE ENTERTAINMENT COM 535919401 1,312 83,886 SH   SOLE   83,886 0 0
LIQUIDITY SERVICES INC. COM 53635B107 283 36,723 SH   SOLE   36,723 0 0
LKQ CORP. COM 501889208 2,717 95,743 SH   SOLE   95,743 0 0
MARATHON PETE CORP COM COM 56585A102 1,627 27,192 SH   SOLE   27,023 0 169
MIDDLESEX WATER COMPANY COM 596680108 475 8,485 SH   SOLE   8,485 0 0
MISTRAS GROUP COM 60649t107 525 38,033 SH   SOLE   38,033 0 0
MOHAWK INDS INC COM COM 608190104 719 5,696 SH   SOLE   5,696 0 0
MOLSON COORS BREWING CO. COM 60871R209 1,704 28,568 SH   SOLE   28,371 0 197
MOTORCAR PARTS OF AMERICA INC. COM 620071100 910 48,220 SH   SOLE   48,220 0 0
NATIONAL BEVERAGE CORP. COM 635017106 627 10,868 SH   SOLE   10,868 0 0
NEXTERA ENERGY INC. COM 65339F101 2,825 14,612 SH   SOLE   14,532 0 80
NIELSON HOLDINGS COM g6518l108 619 26,134 SH   SOLE   26,134 0 0
NOBILIS HEALTH COM 65500b103 228 650,382 SH   SOLE   650,382 0 0
NOBLE ENERGY INC. COM 655044105 939 37,974 SH   SOLE   37,974 0 0
NOKIA CORPORATION ADR COM 654902204 2,049 358,179 SH   SOLE   356,728 0 1,451
NOMAD FOODS LTD COM g6564a105 394 19,262 SH   SOLE   19,262 0 0
NORTHWESTERN CORP COM 668074305 541 7,681 SH   SOLE   7,681 0 0
OLLIE'S BARGAIN OUTLET HOLDING COM 681116109 290 3,399 SH   SOLE   3,399 0 0
ONESPAN INC COM 68287n100 1,372 71,408 SH   SOLE   71,408 0 0
PNC FINL SVCS GROUP INC COM COM 693475105 2,336 19,041 SH   SOLE   18,916 0 125
PZENA ASSET MANAGEMENT COM 74731q103 718 88,710 SH   SOLE   88,710 0 0
SEALED AIR CORPORATION COM 81211K100 1,103 23,947 SH   SOLE   23,947 0 0
SPECTRUM BRANDS HOLDINGS INC COM 84790a105 543 9,904 SH   SOLE   9,904 0 0
SYNCHRONY FINANCIAL COM 87165b103 1,622 50,858 SH   SOLE   50,858 0 0
TECNOGLASS INC COM g87264100 443 60,796 SH   SOLE   60,796 0 0
TETRA TECH INC COM 88162G103 330 5,535 SH   SOLE   5,535 0 0
THERMO FISHER SCIENTIFIC INC C COM 883556102 3,121 11,403 SH   SOLE   11,403 0 0
TURTLE BEACH CORP. COM 900450206 479 42,200 SH   SOLE   42,200 0 0
ULTA BEAUTY COM 90384s303 1,550 4,444 SH   SOLE   4,444 0 0
VIRTU FINANCIAL COM 928254101 2,656 111,848 SH   SOLE   111,283 0 565
WALGREENS BOOTS ALLIANCE COM 931427108 910 14,376 SH   SOLE   14,376 0 0
WEST PHARMACEUTICAL SERVICES COM 955306105 509 4,615 SH   SOLE   4,615 0 0
WEYERHAEUSER COMPANY COM 962166104 1,046 39,705 SH   SOLE   39,162 0 543
XCEL ENERGY INC. COM 98389B100 2,410 42,878 SH   SOLE   42,617 0 261