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
ABM Industries, Inc. COM 000957100 35,005 959,560 SH   SOLE   935,490 0 24,070
Aceto Corp. COM 004446100 1,044 47,700 SH   SOLE   47,700 0 0
Agilent Technologies COM 00846u101 954 21,500 SH   SOLE   21,500 0 0
Air Lease Corp COM 00912x302 36,840 1,375,664 SH   SOLE   1,289,649 0 86,015
Alamo Group, Inc. COM 011311107 2,757 41,785 SH   SOLE   41,785 0 0
Alere, Inc. COM 01449J105 21,678 520,100 SH   SOLE   507,500 0 12,600
Alexandria Real Est Eq Inc COM 015271109 1,065 10,290 SH   SOLE   10,290 0 0
Allete Inc COM 018522300 30,600 473,464 SH   SOLE   462,464 0 11,000
Allied World Assurance COM H01531104 9,529 271,178 SH   SOLE   195,120 0 76,058
Alon USA Energy, Inc. COM 020520102 1,337 206,265 SH   SOLE   206,265 0 0
Altria Group, Inc. COM 02209s103 422 6,120 SH   SOLE   6,120 0 0
AMERICAN CAP SR FLOATING LTD C COM 02504d108 221 21,587 SH   SOLE   21,587 0 0
American Eagle Outfitters COM 02553e106 892 56,025 SH   SOLE   56,025 0 0
American Water Works COM 030420103 7,206 85,271 SH   SOLE   57,210 0 28,061
Ameriprise Financial COM 03076c106 1,323 14,729 SH   SOLE   14,729 0 0
AmerisourceBergen COM 03073e105 870 10,966 SH   SOLE   10,966 0 0
Amgen Inc COM 031162100 202 1,325 SH   SOLE   1,325 0 0
Arthur J. Gallagher & Co. COM 363576109 2,997 62,965 SH   SOLE   62,965 0 0
Ashland Inc. COM 044209104 12,146 105,829 SH   SOLE   78,737 0 27,092
Associated Banc Corp COM 045487105 1,143 66,675 SH   SOLE   66,675 0 0
AT&T Corp COM 00206r102 415 9,597 SH   SOLE   9,597 0 0
Atlantica Yield PLC COM g0751n103 966 51,965 SH   SOLE   51,965 0 0
Autoliv Inc COM 052800109 1,229 11,440 SH   SOLE   11,440 0 0
AVX Corp COM 002444107 2,143 157,815 SH   SOLE   157,815 0 0
Azz Incorporated COM 002474104 2,120 35,351 SH   SOLE   35,351 0 0
BancorpSouth, Inc. COM 059692103 26,895 1,185,304 SH   SOLE   1,158,354 0 26,950
Baxter International Inc. COM 071813109 2,650 58,610 SH   SOLE   58,610 0 0
BERKSHIRE HATHAWAY INC CL A COM 084670108 434 2 SH   SOLE   2 0 0
Berkshire Hills Bancorp Inc COM 084680107 2,009 74,635 SH   SOLE   74,635 0 0
Black Hills Corp. COM 092113109 37,960 602,160 SH   SOLE   588,260 0 13,900
BLACKROCK NY MUNI 2018 TERM COM 09248k108 684 45,476 SH   SOLE   45,476 0 0
Bloomin' Brands Inc. COM 094235108 19,262 1,077,920 SH   SOLE   1,051,330 0 26,590
BLUE HILLS BANCORP INC COM 095573101 346 23,439 SH   SOLE   23,439 0 0
Bob Evans Farms, Inc. COM 096761101 898 23,675 SH   SOLE   23,675 0 0
BOK Financial Corp COM 05561q201 53,822 858,410 SH   SOLE   790,155 0 68,255
Bristol Myers Squibb COM 110122108 218 2,960 SH   SOLE   2,960 0 0
Brixmor Property Group Inc. COM 11120u105 1,339 50,605 SH   SOLE   50,605 0 0
Broadridge Fincl Sol COM 11133t103 8,548 131,105 SH   SOLE   90,655 0 40,450
BSB BANCORP INC MD COM COM 05573h108 308 13,600 SH   SOLE   13,600 0 0
C I T Group COM 125581801 1,605 50,299 SH   SOLE   50,299 0 0
Cabela's Inc. COM 126804301 4,029 80,486 SH   SOLE   44,200 0 36,286
Cabot Oil & Gas COM 127097103 1,268 49,255 SH   SOLE   49,255 0 0
California Water Service Group COM 130788102 2,143 61,345 SH   SOLE   61,345 0 0
CareTrust REIT Inc. COM 14174t107 31,226 2,266,007 SH   SOLE   2,061,923 0 204,084
Carriage Services Inc. COM 143905107 6,160 260,148 SH   SOLE   163,210 0 96,938
CDK Global, Inc. COM 12508E101 5,243 94,492 SH   SOLE   59,356 0 35,136
CECO Environmental Corp. COM 125141101 2,864 327,670 SH   SOLE   327,670 0 0
Chemed Corporation COM 16359r103 2,179 15,985 SH   SOLE   15,985 0 0
Chemtura Corporation COM 163893209 41,651 1,578,877 SH   SOLE   1,438,217 0 140,660
Chubb Corp COM H1467J104 403 3,081 SH   SOLE   3,081 0 0
Cigna Corp COM 125509109 1,649 12,880 SH   SOLE   12,880 0 0
Citigroup Inc. COM 172967424 539 12,724 SH   SOLE   12,724 0 0
Clifton Bancorp, Inc. COM 186873105 440 29,207 SH   SOLE   29,207 0 0
Columbia Banking System, Inc. COM 197236102 2,122 75,620 SH   SOLE   75,620 0 0
Comerica COM 200340107 2,271 55,205 SH   SOLE   55,205 0 0
Commercial Metals Co COM 201723103 24,963 1,477,118 SH   SOLE   1,348,740 0 128,378
Compass Diversified Tr SH BEN COM 20451q104 166 10,032 SH   SOLE   10,032 0 0
Computer Sciences Corp. COM 205363104 1,675 33,735 SH   SOLE   33,735 0 0
Conagra Foods, Inc. COM 205887102 1,573 32,895 SH   SOLE   32,895 0 0
Copart Inc. COM 217204106 5,324 108,640 SH   SOLE   68,030 0 40,610
Corenergy Infrastructure Trust COM 21870u502 1,536 53,236 SH   SOLE   53,236 0 0
CSRA Inc. COM 12650t104 5,512 235,275 SH   SOLE   170,940 0 64,335
CST Brands, Inc. COM 12646r105 48,986 1,137,085 SH   SOLE   1,043,653 0 93,432
Culp, Inc. COM 230215105 2,118 76,651 SH   SOLE   76,651 0 0
Cypress Semi COM 232806109 2,660 252,155 SH   SOLE   252,155 0 0
Daktronics Inc COM 234264109 1,043 166,920 SH   SOLE   166,920 0 0
DDR CORP COM COM 23317h102 1,617 89,115 SH   SOLE   89,115 0 0
Del Taco Restaurants, Inc. COM 245496104 7,512 825,467 SH   SOLE   613,000 0 212,467
Delphi Automotive PLC COM g27823106 4,588 73,297 SH   SOLE   45,955 0 27,342
Deluxe Corp. COM 248019101 1,951 29,390 SH   SOLE   29,390 0 0
Denny's Corporation COM 24869p104 36,989 3,447,229 SH   SOLE   3,211,539 0 235,690
Diebold Inc. COM 253651103 30,772 1,239,319 SH   SOLE   1,209,949 0 29,370
Discover Financial Svc COM 254709108 4,150 77,434 SH   SOLE   77,434 0 0
Disney Co. COM 254687106 410 4,188 SH   SOLE   4,188 0 0
Dolby Laboratories Inc. COM 25659T107 3,047 63,684 SH   SOLE   63,684 0 0
Donegal Group Inc COM 257701201 184 11,183 SH   SOLE   11,183 0 0
Dril Quip Inc. COM 262037104 2,016 34,496 SH   SOLE   34,496 0 0
Dun & Bradstreet COM 26483e100 1,157 9,498 SH   SOLE   9,498 0 0
Eastgroup Pptys Inc COM 277276101 207 3,010 SH   SOLE   3,010 0 0
Eaton Vance Tax Mged Buy Write COM 27828y108 347 23,476 SH   SOLE   23,476 0 0
Eaton Vance Tax Mged Gbl buy W COM 27829c105 209 20,151 SH   SOLE   20,151 0 0
Education Realty Trust, Inc. COM 28140H203 1,555 33,693 SH   SOLE   33,693 0 0
El Paso Electric Co. COM 283677854 1,204 25,480 SH   SOLE   25,480 0 0
EMC INS GRP INC COM 268664109 439 15,820 SH   SOLE   15,820 0 0
Energen Corp COM 29265N108 9,892 205,186 SH   SOLE   138,870 0 66,316
Enpro Industries Inc. COM 29355x107 24,900 560,932 SH   SOLE   510,470 0 50,462
Entegra Financial Corp. COM 29363j108 638 36,500 SH   SOLE   36,500 0 0
Enterprise Products Partners COM 293792107 305 10,423 SH   SOLE   10,423 0 0
EOG Resources Inc COM 26875p101 2,213 26,525 SH   SOLE   26,525 0 0
EPIQ Systems Inc. COM 26882D109 1,399 95,800 SH   SOLE   95,800 0 0
EPR Properties COM 26884u109 1,777 22,030 SH   SOLE   22,030 0 0
EQT Corporation COM 26884l109 1,279 16,517 SH   SOLE   16,517 0 0
Equity Commonwealth COM 294628102 11,590 397,865 SH   SOLE   300,340 0 97,525
Equity Lifestyles Properties, COM 29472R108 1,364 17,040 SH   SOLE   17,040 0 0
Equity Residential Properties COM 29476l107 397 5,765 SH   SOLE   5,765 0 0
Esco Technologies, Inc. COM 296315104 34,630 867,049 SH   SOLE   790,464 0 76,585
EVANS BANCORP INC COM NEW COM 29911q208 200 8,123 SH   SOLE   8,123 0 0
Everest RE Group COM G3223R108 277 1,519 SH   SOLE   1,519 0 0
Exxon Corp COM 30231G102 471 5,019 SH   SOLE   5,019 0 0
FARMLAND PARTNERS INC COM COM 31154r109 388 34,241 SH   SOLE   34,241 0 0
FBL Financial Group COM 30239f106 2,666 43,949 SH   SOLE   43,949 0 0
Federated Investors, Inc. COM 314211103 900 31,260 SH   SOLE   31,260 0 0
Fidelity National Info COM 31620m106 3,811 51,722 SH   SOLE   51,722 0 0
Flowers Foods Inc COM 343498101 30,941 1,650,181 SH   SOLE   1,544,280 0 105,901
FMC Corp. COM 302491303 1,189 25,665 SH   SOLE   25,665 0 0
FNF Group COM 31620R303 5,520 147,197 SH   SOLE   92,695 0 54,502
Foot Locker, Inc. COM 344849104 1,485 27,060 SH   SOLE   27,060 0 0
Forestar Group, Inc. COM 346233109 20,160 1,695,523 SH   SOLE   1,585,770 0 109,753
Fortune Brands Home Security COM 34964c106 6,345 109,455 SH   SOLE   68,370 0 41,085
Gaming and Leisure Properties, COM 36467J108 33,297 965,693 SH   SOLE   872,315 0 93,378
Generac Holdings, Inc. COM 368736104 25,440 727,686 SH   SOLE   663,661 0 64,025
General Electric Co COM 369604103 483 15,352 SH   SOLE   15,352 0 0
Genesee & Wyoming COM 371559105 13,530 229,522 SH   SOLE   223,092 0 6,430
Glacier Bancorp Inc COM 37637q105 1,695 63,775 SH   SOLE   63,775 0 0
GLADSTONE LD CORP COM COM 376549101 362 32,690 SH   SOLE   32,690 0 0
Goldman Sachs Group Inc. COM 38141G104 374 2,520 SH   SOLE   2,520 0 0
Gramercy Property Trust, Inc. COM 385002100 3,632 393,960 SH   SOLE   393,960 0 0
Hanesbrands Inc COM 410345102 4,674 185,977 SH   SOLE   117,380 0 68,597
Hanmi Financial Corp COM 410495204 9,799 417,174 SH   SOLE   294,995 0 122,179
HANNON ARMSTRONG SUST COM COM 41068x100 3,024 140,006 SH   SOLE   140,006 0 0
Hanover Insurance Group Inc COM 410867105 20,244 239,236 SH   SOLE   231,357 0 7,879
Harris Corp COM 413875105 1,448 17,350 SH   SOLE   17,350 0 0
Hawkins, Inc. COM 420261109 1,141 26,280 SH   SOLE   26,280 0 0
Healthcare Realty Trust COM 421946104 1,183 33,803 SH   SOLE   33,803 0 0
Healthcare Trust of America, I COM 42225p501 1,713 52,965 SH   SOLE   52,965 0 0
Hewlett Packard Enterprise Com COM 42824c109 2,812 153,901 SH   SOLE   153,901 0 0
Hilltop Holdings Inc. COM 432748101 44,243 2,107,803 SH   SOLE   2,054,983 0 52,820
HollyFontier Corp. COM 436106108 1,262 53,090 SH   SOLE   53,090 0 0
Home Depot Inc COM 437076102 241 1,890 SH   SOLE   1,890 0 0
Horizon Bancorp COM 440407104 278 11,067 SH   SOLE   11,067 0 0
Hospitality Properties trust COM 44106m102 483 16,760 SH   SOLE   16,760 0 0
Houghton Mifflin Harcourt Co. COM 44157R109 18,513 1,184,460 SH   SOLE   1,154,450 0 30,010
Huntsman Corp COM 447011107 5,543 412,109 SH   SOLE   292,575 0 119,534
Iberiabank Corp. COM 450828108 25,760 431,278 SH   SOLE   421,358 0 9,920
IF Bancorp Inc COM 44951j105 382 20,841 SH   SOLE   20,841 0 0
Illinois Tool Works COM 452308109 459 4,403 SH   SOLE   4,403 0 0
Innophos Holdings, Inc. COM 45774N108 1,659 39,295 SH   SOLE   39,295 0 0
Investor Bancorp Inc. COM 46146L101 4,356 393,145 SH   SOLE   249,850 0 143,295
Iron Mountain, Inc. COM 46284V101 10,936 274,578 SH   SOLE   199,321 0 75,257
iShares Core S&P Total US Stoc COM 464287150 2,572 27,000 SH   SOLE   27,000 0 0
IShares Inc MSCI Australia Ind COM 464286103 303 15,594 SH   SOLE   15,594 0 0
IShares Select Dividend COM 464287168 911 10,686 SH   SOLE   10,686 0 0
ISHARES TR DJ US UTILS COM 464287697 300 2,285 SH   SOLE   2,285 0 0
IShares Tr Dow Jones US Finl S COM 464287788 624 7,262 SH   SOLE   7,262 0 0
IShares TR FTSE Xinhua HK Chin COM 464287184 547 15,973 SH   SOLE   15,973 0 0
ISHARES TR IBOXX INV CP ETF COM 464287242 506 4,119 SH   SOLE   4,119 0 0
IShares Tr MSCI EAFE Index Fun COM 464287465 1,000 17,911 SH   SOLE   17,911 0 0
ISHARES TR RESIDENT PLS CAP COM 464288562 429 6,353 SH   SOLE   6,353 0 0
ISHARES TR S&P 500 INDEX COM 464287200 7,433 35,313 SH   SOLE   35,313 0 0
ITT Inc. COM 45073v108 35,425 1,107,726 SH   SOLE   1,011,498 0 96,228
IXYS Corporation COM 46600W106 1,444 140,901 SH   SOLE   140,901 0 0
James River Group Holdings, Lt COM G5005R107 1,302 38,345 SH   SOLE   38,345 0 0
John Bean Tech, Corp. COM 477839104 46,837 765,058 SH   SOLE   698,843 0 66,215
Johnson Controls Inc. COM 478366107 3,100 70,046 SH   SOLE   70,046 0 0
JP Morgan Chase & Co COM 46625h100 649 10,450 SH   SOLE   10,450 0 0
Kaiser Aluminum Corp COM 483007704 43,832 484,815 SH   SOLE   451,868 0 32,947
Kapstone Paper and Packaging COM 48562P103 13,144 1,010,325 SH   SOLE   984,805 0 25,520
Kearney Financial Corp. COM 48716P108 35,826 2,847,854 SH   SOLE   2,776,544 0 71,310
Kennedy Wilson Holdings COM 489398107 48,302 2,547,565 SH   SOLE   2,487,995 0 59,570
Knowles Corp. COM 49926D109 26,989 1,972,912 SH   SOLE   1,836,336 0 136,576
Laboratory Corp. of America Ho COM 50540r409 6,146 47,176 SH   SOLE   29,495 0 17,681
Lamar Advertising Co Cl A COM 512816109 6,636 100,094 SH   SOLE   71,535 0 28,559
LAPORTE BANCORP INC MD COM COM 516651106 287 17,591 SH   SOLE   17,591 0 0
LegacyTexas Financial Group, I COM 52471Y106 2,248 83,536 SH   SOLE   83,536 0 0
Lincoln National Corp. COM 534187109 1,721 44,390 SH   SOLE   44,390 0 0
Linear Technology Group COM 535678106 1,150 24,715 SH   SOLE   24,715 0 0
Littelfuse Inc. COM 537008104 298 2,523 SH   SOLE   2,523 0 0
Lockheed Martin COM 539830109 240 966 SH   SOLE   966 0 0
Macquarie Global Infrastrcture COM 55608d101 563 26,316 SH   SOLE   26,316 0 0
Macquarie Infrastructure COM 55608b105 3,589 48,466 SH   SOLE   48,466 0 0
Marriott Vacations COM 57164y107 10,430 152,281 SH   SOLE   111,765 0 40,516
MDU Resource Group COM 552690109 13,678 569,934 SH   SOLE   439,264 0 130,670
Media General Inc COM 58441k100 28,813 1,676,146 SH   SOLE   1,636,046 0 40,100
Medical Properties Trust, Inc. COM 58463j304 1,120 73,658 SH   SOLE   73,658 0 0
Medtronic Plc COM G5960L103 966 11,133 SH   SOLE   11,133 0 0
Mercer International COM 588056101 1,621 203,170 SH   SOLE   203,170 0 0
Meridian Bioscience Inc COM 589584101 1,606 82,375 SH   SOLE   82,375 0 0
MetLife Inc COM 59156r108 246 6,174 SH   SOLE   6,174 0 0
Mid-Amer Apt Cmntys Inc COM 59522j103 596 5,597 SH   SOLE   5,597 0 0
Mitel Networks Corporation COM 60671q104 37,098 5,897,879 SH   SOLE   5,376,698 0 521,181
Molson Coors Brewing Co COM 60871R209 3,678 36,365 SH   SOLE   36,365 0 0
Mondelez International Inc. COM 609207105 2,089 45,906 SH   SOLE   45,906 0 0
Movado Group Inc. COM 624580106 1,661 76,600 SH   SOLE   76,600 0 0
Nacco Industries, Inc. COM 629579103 1,710 30,536 SH   SOLE   30,536 0 0
National Fuel & Gas Co COM 636180101 1,512 26,580 SH   SOLE   26,580 0 0
National Storage Affiliates Tr COM 637870106 2,365 113,585 SH   SOLE   113,585 0 0
NCI Building Products, Inc. COM 628852204 224 14,023 SH   SOLE   14,023 0 0
Nexstar Broadcasting Group COM 65336K103 38,206 802,978 SH   SOLE   784,968 0 18,010
Nike Inc. COM 654106103 244 4,428 SH   SOLE   4,428 0 0
Northwestern Corporation COM 668074305 33,698 534,292 SH   SOLE   521,062 0 13,230
NRG Energy Inc COM 629377508 13,542 903,399 SH   SOLE   693,401 0 209,998
Nuveen Mun Value Fd. COM 670928100 240 22,163 SH   SOLE   22,163 0 0
Occidental Petroleum COM 674599105 2,431 32,171 SH   SOLE   32,171 0 0
OGE Energy Corp. COM 670837103 1,456 44,465 SH   SOLE   44,465 0 0
Old Republic Intl COM 680223104 248 12,871 SH   SOLE   12,871 0 0
OM Asset Management PLC COM g67506108 5,835 437,083 SH   SOLE   274,009 0 163,074
Orbital ATK, Inc. COM 68557N103 7,039 82,674 SH   SOLE   51,800 0 30,874
Oritani Financial Corp. COM 68633d103 1,510 94,405 SH   SOLE   94,405 0 0
Oshkosh Corporation COM 688239201 1,403 29,400 SH   SOLE   29,400 0 0
Outfront Media, Inc. COM 69007J106 20,736 857,930 SH   SOLE   839,550 0 18,380
Owens & Minor Inc. COM 690732102 1,486 39,755 SH   SOLE   39,755 0 0
Parsley Energy, Inc. COM 701877102 38,108 1,408,285 SH   SOLE   1,371,175 0 37,110
Paypal Inc. COM 70450y103 3,010 82,440 SH   SOLE   82,440 0 0
Penske Automotive COM 70959w103 26,338 837,193 SH   SOLE   779,143 0 58,050
Pfizer Inc. COM 717081103 3,542 100,600 SH   SOLE   100,600 0 0
POAGE BANKSHARES INC COM COM 730206109 205 11,918 SH   SOLE   11,918 0 0
Potlatch Corp COM 737630103 1,074 31,510 SH   SOLE   31,510 0 0
Powershares QQQ Trust COM 73935a104 311 2,896 SH   SOLE   2,896 0 0
PPL Corporation COM 69351T106 1,295 34,310 SH   SOLE   34,310 0 0
Primoris Services Corp COM 74164f103 1,582 83,580 SH   SOLE   83,580 0 0
Proctor & Gamble COM 742718109 390 4,602 SH   SOLE   4,602 0 0
Provident Financial COM 74386t105 32,912 1,675,765 SH   SOLE   1,636,795 0 38,970
PVH Corp. COM 693656100 6,665 70,727 SH   SOLE   44,435 0 26,292
Ralph Lauren Corp. COM 751212101 908 10,136 SH   SOLE   10,136 0 0
Regal Beloit Corp. COM 758750103 19,252 349,724 SH   SOLE   320,841 0 28,883
Reinsurance Group of America COM 759351604 1,944 20,045 SH   SOLE   20,045 0 0
Resources Connection Inc. COM 76122q105 1,931 130,655 SH   SOLE   130,655 0 0
Ritchie Bros. Auctioneers COM 767744105 39,237 1,161,544 SH   SOLE   1,133,314 0 28,230
Ross Stores Inc COM 778296103 223 3,940 SH   SOLE   3,940 0 0
RPM International Inc. COM 749685103 1,536 30,755 SH   SOLE   30,755 0 0
Ryder Systems COM 783549108 6,223 101,783 SH   SOLE   71,533 0 30,250
Ryman Hospitality Properties COM 78377T107 40,418 797,993 SH   SOLE   741,054 0 56,939
S&P MidCap 400 Spdrs COM 78467y107 476 1,747 SH   SOLE   1,747 0 0
Sabra Health Care REIT COM 78573l106 33,948 1,645,189 SH   SOLE   1,506,073 0 139,116
Sanderson Farms, Inc. COM 800013104 2,117 24,435 SH   SOLE   24,435 0 0
Schlumberger Ltd. COM 806857108 212 2,681 SH   SOLE   2,681 0 0
Scripps Networks Interactive COM 811065101 1,532 24,605 SH   SOLE   24,605 0 0
Sensient Technologies Corp COM 81725t100 38,407 540,643 SH   SOLE   527,103 0 13,540
Shire PLC COM 82481r106 3,262 17,723 SH   SOLE   17,723 0 0
Si Financial Group Inc. COM 78425v104 240 18,104 SH   SOLE   18,104 0 0
Silvercrest Asset Management G COM 828359109 4,919 401,905 SH   SOLE   401,905 0 0
Smith A O Corp COM 831865209 45,325 514,412 SH   SOLE   473,377 0 41,035
Snap On Inc COM 833034101 1,555 9,854 SH   SOLE   9,854 0 0
Solar Capital Ltd. COM 83413U100 2,220 116,544 SH   SOLE   116,544 0 0
South Jersey Inds Inc. COM 838518108 40,771 1,289,395 SH   SOLE   1,258,445 0 30,950
SPDR Trust Ser 1 Unit COM 78462f103 3,713 17,726 SH   SOLE   17,726 0 0
Spectrum Brands Holdings Inc. COM 84763r101 7,026 58,890 SH   SOLE   36,845 0 22,045
Spirit Realty Capital Inc COM 84860w102 7,001 548,248 SH   SOLE   395,604 0 152,644
St. Jude Medical Inc. COM 790849103 953 12,220 SH   SOLE   12,220 0 0
Stag Industrial Inc. COM 85254j102 2,151 90,355 SH   SOLE   90,355 0 0
Stage Stores Inc COM 85254c305 522 106,950 SH   SOLE   106,950 0 0
Starz COM 85571q102 5,531 184,854 SH   SOLE   116,350 0 68,504
Steris Plc COM g84720104 202 2,943 SH   SOLE   2,943 0 0
Superior Energy Svcs Inc COM 868157108 1,925 104,570 SH   SOLE   104,570 0 0
Synergy Resources Corp COM 87164p103 16,740 2,513,488 SH   SOLE   2,450,478 0 63,010
Synovus Financial Corp COM 87161C501 32,446 1,119,220 SH   SOLE   1,035,400 0 83,820
TEGNA Inc. COM 87901J105 6,752 291,419 SH   SOLE   209,915 0 81,504
Teva Pharmaceutial Inds COM 881624209 2,922 58,169 SH   SOLE   58,169 0 0
Textainer Group Hldgs LTD COM g8766e109 616 55,320 SH   SOLE   55,320 0 0
Time Inc. COM 887228104 21,843 1,327,032 SH   SOLE   1,296,052 0 30,980
Torchmark Corp COM 891027104 248 4,010 SH   SOLE   4,010 0 0
Total System Services, Inc. COM 891906109 1,833 34,515 SH   SOLE   34,515 0 0
Travelers Inc. COM 89417e109 409 3,438 SH   SOLE   3,438 0 0
TRI Pointe Group, Inc. COM 87265H109 25,946 2,195,090 SH   SOLE   2,023,920 0 171,170
Tribune Media Company COM 896047503 11,715 299,011 SH   SOLE   224,097 0 74,914
UGI Corp. COM 902681105 1,546 34,160 SH   SOLE   34,160 0 0
UMB Financial Corp COM 902788108 57,541 1,081,389 SH   SOLE   996,267 0 85,122
Umpqua Holdings COM 904214103 1,475 95,360 SH   SOLE   95,360 0 0
Unilever NV COM 904784709 211 4,500 SH   SOLE   4,500 0 0
Union Bankshares Corporation COM 90539J109 971 39,300 SH   SOLE   39,300 0 0
United Financial Bancorp Inc. COM 910304104 431 33,240 SH   SOLE   33,240 0 0
United Technlogies COM 913017109 2,260 22,036 SH   SOLE   22,036 0 0
Urban Edge Properties COM 91704f104 24,485 819,992 SH   SOLE   798,802 0 21,190
Vail Resorts Inc. COM 91879q109 39,419 285,171 SH   SOLE   278,101 0 7,070
Vanguard FTSE Europe ETF COM 922042874 779 16,699 SH   SOLE   16,699 0 0
VANGUARD INTL EQTY IDX EMR MKT COM 922042858 999 28,371 SH   SOLE   28,371 0 0
VANGUARD SPECIALIZED DIV APP E COM 921908844 470 5,649 SH   SOLE   5,649 0 0
Vanguard Total Stk Mkt Vipers COM 922908769 1,307 12,198 SH   SOLE   12,198 0 0
Ventas Inc. COM 92276F100 755 10,375 SH   SOLE   10,375 0 0
Verint Systems Inc. COM 92343X100 22,655 683,814 SH   SOLE   628,707 0 55,107
Virtu Financial, Inc. COM 928254101 1,993 110,725 SH   SOLE   110,725 0 0
Visa Inc. COM 92826c839 447 6,021 SH   SOLE   6,021 0 0
Vista Outdoor Inc. COM 928377100 24,973 523,214 SH   SOLE   510,134 0 13,080
Voya Financial,Inc. COM 929089100 10,270 414,793 SH   SOLE   318,993 0 95,800
Vulcan Material Co. COM 929160109 2,590 21,515 SH   SOLE   21,515 0 0
Walgreens Boots Alliance, Inc. COM 931427108 260 3,125 SH   SOLE   3,125 0 0
Waterstone Financial, Inc COM 94188p101 169 11,000 SH   SOLE   11,000 0 0
Westbury Bancorp Inc COM 95727p106 788 40,424 SH   SOLE   40,424 0 0
Westrock Company COM 96145D105 1,017 26,175 SH   SOLE   26,175 0 0
WEX, Inc. COM 96208t104 25,921 292,327 SH   SOLE   263,579 0 28,748
Weyerhauser COM 962166104 382 12,833 SH   SOLE   12,833 0 0
Winnebago Inds COM 974637100 2,539 110,765 SH   SOLE   110,765 0 0
Wintrust Financial Corp COM 97650W108 2,465 48,340 SH   SOLE   48,340 0 0
World Fuel Services Corp. COM 981475106 2,364 49,780 SH   SOLE   49,780 0 0
Wright Medical Group, Inc. COM n96617118 26,489 1,524,987 SH   SOLE   1,401,963 0 123,024
Wyndham Worldwide COM 98310w108 1,371 19,253 SH   SOLE   19,253 0 0
Xenia Hotels & Resorts, Inc. COM 984017103 20,819 1,240,711 SH   SOLE   1,213,241 0 27,470
Yadkin Financial Corp. COM 984305102 2,321 92,515 SH   SOLE   92,515 0 0
Zoetis Inc. CL A COM 98978v103 3,573 75,274 SH   SOLE   75,274 0 0