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
3M CO COM 88579y101 8,363 50,895 SH   SOLE   24,630 0 26,265
AAR CORP COM 000361105 3,334 120,000 SH   SOLE   120,000 0 0
ADVENT SOFTWARE INC COM 007974108 397 12,961 SH   SOLE   12,961 0 0
AES CORP COM 00130H105 2,066 150,000 SH   SOLE   150,000 0 0
AFLAC INC COM 001055102 257 4,202 SH   SOLE   4,202 0 0
AGL RES INC COM 001204106 2,554 46,852 SH   SOLE   6,352 0 40,500
ALCOA INC COM 013817101 164 10,417 SH   SOLE   10,277 0 140
ALLSTATE CORP COM 020002101 5,836 83,072 SH   SOLE   68,052 0 15,020
ALTRIA GROUP INC COM 02209s103 467 9,474 SH   SOLE   9,474 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553e106 6,322 455,440 SH   SOLE   281,865 0 173,575
AMERICAN EXPRESS CO COM 025816109 238 2,553 SH   SOLE   2,553 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 3,111 55,544 SH   SOLE   45,067 0 10,477
ANNALY CAP MGMT INC COM 035710409 4,736 438,068 SH   SOLE   364,278 0 73,790
ANTHEM INC COM 036752103 6,946 55,270 SH   SOLE   45,000 0 10,270
APPLE INC COM 037833100 9,125 82,666 SH   SOLE   37,644 0 45,022
ARES CAP CORP COM 04010L103 1,485 95,163 SH   SOLE   71,568 0 23,595
ARES COML REAL ESTATE CORP COM 04013v108 2,270 197,696 SH   SOLE   154,461 0 43,235
ARRIS GROUP INC NEW COM 04270V106 1,838 60,869 SH   SOLE   47,164 0 13,705
ASCENA RETAIL GROUP INC COM 04351G101 525 41,831 SH   SOLE   30,011 0 11,820
AT&T INC COM 00206r102 9,254 275,498 SH   SOLE   164,755 0 110,743
ATWOOD OCEANICS INC COM 050095108 1,552 54,721 SH   SOLE   44,631 0 10,090
AUTOMATIC DATA PROCESSING IN COM 053015103 2,551 30,600 SH   SOLE   0 0 30,600
AVERY DENNISON CORP COM 053611109 1,380 26,596 SH   SOLE   21,096 0 5,500
AVNET INC COM 053807103 2,581 60,000 SH   SOLE   60,000 0 0
AZZ INC COM 002474104 1,217 25,946 SH   SOLE   19,796 0 6,150
BAKER HUGHES INC COM 057224107 1,676 29,895 SH   SOLE   24,295 0 5,600
BANK AMER CORP COM 060505104 3,537 197,715 SH   SOLE   197,715 0 0
BAXTER INTL INC COM 071813109 7,874 107,432 SH   SOLE   65,592 0 41,840
BECTON DICKINSON & CO COM 075887109 2,644 19,000 SH   SOLE   0 0 19,000
BGC PARTNERS INC CL A 05541T101 251 27,380 SH   SOLE   27,380 0 0
BLACKROCK INC COM 09247X101 8,149 22,790 SH   SOLE   14,531 0 8,259
BLACKROCK KELSO CAPITAL CORP COM 092533108 107 13,100 SH   SOLE   13,100 0 0
BP PLC SPONSORED ADR 055622104 344 9,026 SH   SOLE   8,676 0 350
BRISTOL MYERS SQUIBB CO COM 110122108 308 5,211 SH   SOLE   5,211 0 0
BROWN & BROWN INC COM 115236101 3,840 116,686 SH   SOLE   98,851 0 17,835
CAI INTERNATIONAL INC COM 12477X106 2,579 111,173 SH   SOLE   83,933 0 27,240
CARDINAL FINL CORP COM 14149F109 1,125 56,750 SH   SOLE   41,155 0 15,595
CASELLA WASTE SYS INC CL A 147448104 1,050 259,974 SH   SOLE   212,049 0 47,925
CATERPILLAR INC DEL COM 149123101 7,164 78,270 SH   SOLE   43,864 0 34,406
CATHAY GEN BANCORP COM 149150104 1,416 55,345 SH   SOLE   39,650 0 15,695
CDK GLOBAL INC COM 12508e101 416 10,200 SH   SOLE   0 0 10,200
CELADON GROUP INC COM 150838100 1,639 72,216 SH   SOLE   52,401 0 19,815
CHECKPOINT SYS INC COM 162825103 1,285 93,564 SH   SOLE   72,569 0 20,995
CHESAPEAKE ENERGY CORP COM 165167107 307 15,710 SH   SOLE   15,710 0 0
CHEVRON CORP NEW COM 166764100 8,681 77,386 SH   SOLE   51,826 0 25,560
CHIMERA INVT CORP COM 16934q109 127 40,000 SH   SOLE   40,000 0 0
CISCO SYS INC COM 17275R102 7,613 273,687 SH   SOLE   143,257 0 130,430
CITIGROUP INC COM NEW 172967424 2,435 45,000 SH   SOLE   45,000 0 0
CITRIX SYS INC COM 177376100 2,562 40,155 SH   SOLE   33,009 0 7,146
CME GROUP INC COM 12572Q105 4,247 47,909 SH   SOLE   39,411 0 8,498
COCA COLA CO COM 191216100 5,413 128,199 SH   SOLE   35,963 0 92,236
COLONY FINL INC COM 19624r106 1,075 45,145 SH   SOLE   32,910 0 12,235
COLUMBIA BKG SYS INC COM 197236102 2,068 74,896 SH   SOLE   58,871 0 16,025
COLUMBUS MCKINNON CORP N Y COM 199333105 1,761 62,815 SH   SOLE   45,360 0 17,455
COMCAST CORP NEW CL A 20030n101 8,926 153,863 SH   SOLE   69,503 0 84,360
CONAGRA FOODS INC COM 205887102 5,761 158,797 SH   SOLE   131,807 0 26,990
CONOCOPHILLIPS COM 20825C104 4,919 71,223 SH   SOLE   58,476 0 12,747
CON-WAY INC COM 205944101 1,579 32,109 SH   SOLE   25,609 0 6,500
COOPER TIRE & RUBR CO COM 216831107 2,366 68,295 SH   SOLE   68,295 0 0
CORNING INC COM 219350105 301 13,115 SH   SOLE   13,115 0 0
COVANTA HLDG CORP COM 22282e102 2,169 98,559 SH   SOLE   78,059 0 20,500
CRACKER BARREL OLD CTRY STOR COM 22410j106 1,473 10,468 SH   SOLE   10,468 0 0
CRAWFORD & CO CL A 224633206 1,081 126,131 SH   SOLE   94,616 0 31,515
CVS HEALTH CORP COM 126650100 7,747 80,443 SH   SOLE   55,755 0 24,688
DEVON ENERGY CORP NEW COM 25179M103 3,405 55,636 SH   SOLE   45,770 0 9,866
DISNEY WALT CO COM DISNEY 254687106 8,157 86,602 SH   SOLE   52,847 0 33,755
DIXIE GROUP INC CL A 255519100 1,020 111,245 SH   SOLE   82,145 0 29,100
DONNELLEY R R & SONS CO COM 257867101 223 13,245 SH   SOLE   13,245 0 0
DOW CHEM CO COM 260543103 4,891 107,230 SH   SOLE   45,710 0 61,520
DUKE ENERGY CORP NEW COM NEW 26441C204 4,332 51,856 SH   SOLE   42,476 0 9,380
EAST WEST BANCORP INC COM 27579r104 1,092 28,213 SH   SOLE   20,648 0 7,565
EMERSON ELEC CO COM 291011104 377 6,105 SH   SOLE   6,105 0 0
EVERBANK FINL CORP COM 29977G102 1,432 75,122 SH   SOLE   56,857 0 18,265
EXPRESS SCRIPTS HLDG CO COM 30219G108 10,304 121,694 SH   SOLE   103,704 0 17,990
EXXON MOBIL CORP COM 30231G102 11,955 129,309 SH   SOLE   81,700 0 47,609
FEDERATED INVS INC PA CL B 314211103 5,744 174,430 SH   SOLE   98,445 0 75,985
FEDEX CORP COM 31428X106 213 1,225 SH   SOLE   1,225 0 0
FIDELITY SOUTHERN CORP NEW COM 316394105 941 58,430 SH   SOLE   42,040 0 16,390
FIDUS INVT CORP COM 316500107 2,338 157,437 SH   SOLE   130,397 0 27,040
FIFTH STREET FINANCE CORP COM 31678A103 94 11,685 SH   SOLE   11,685 0 0
FIFTH THIRD BANCORP COM 316773100 1,773 87,004 SH   SOLE   87,004 0 0
FINISAR CORP COM NEW 31787A507 1,218 62,753 SH   SOLE   45,228 0 17,525
GALENA BIOPHARMA INC COM 363256108 18 11,630 SH   SOLE   11,630 0 0
GAMESTOP CORP NEW CL A 36467w109 343 10,139 SH   SOLE   9,989 0 150
GENERAL ELECTRIC CO COM 369604103 11,788 466,488 SH   SOLE   287,625 0 178,863
GENUINE PARTS CO COM 372460105 560 5,256 SH   SOLE   5,256 0 0
GENWORTH FINL INC COM CL A 37247d106 680 80,000 SH   SOLE   80,000 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 318 7,430 SH   SOLE   7,170 0 260
GLOBAL BRASS & COPPR HLDGS I COM 37953g103 1,684 127,963 SH   SOLE   92,058 0 35,905
GOLUB CAP BDC INC COM 38173M102 191 10,675 SH   SOLE   10,675 0 0
GREAT LAKES DREDGE & DOCK CO COM 390607109 1,250 146,039 SH   SOLE   113,374 0 32,665
HALLIBURTON CO COM 406216101 2,052 52,177 SH   SOLE   43,229 0 8,948
HANOVER INS GROUP INC COM 410867105 1,882 26,385 SH   SOLE   19,225 0 7,160
HARTE-HANKS INC COM 416196103 2,089 269,838 SH   SOLE   208,078 0 61,760
HARTFORD FINL SVCS GROUP INC COM 416515104 3,335 80,000 SH   SOLE   80,000 0 0
HEARTLAND FINL USA INC COM 42234q102 1,221 45,045 SH   SOLE   34,225 0 10,820
HOME DEPOT INC COM 437076102 4,020 38,299 SH   SOLE   14,398 0 23,901
HURON CONSULTING GROUP INC COM 447462102 1,456 21,284 SH   SOLE   16,889 0 4,395
IBERIABANK CORP COM 450828108 1,935 29,837 SH   SOLE   23,832 0 6,005
IGATE CORP COM 45169U105 1,528 38,697 SH   SOLE   30,547 0 8,150
INSTEEL INDUSTRIES INC COM 45774w108 1,956 82,944 SH   SOLE   59,609 0 23,335
INTEL CORP COM 458140100 5,008 137,994 SH   SOLE   26,884 0 111,110
INTERNATIONAL BUSINESS MACHS COM 459200101 7,163 44,647 SH   SOLE   24,358 0 20,289
JABIL CIRCUIT INC COM 466313103 3,839 175,848 SH   SOLE   162,463 0 13,385
JOHNSON & JOHNSON COM 478160104 13,208 126,312 SH   SOLE   81,947 0 44,365
JPMORGAN CHASE & CO COM 46625H100 7,186 114,828 SH   SOLE   97,273 0 17,555
KAPSTONE PAPER & PACKAGING C COM 48562P103 1,100 37,538 SH   SOLE   27,050 0 10,488
KIMBERLY CLARK CORP COM 494368103 416 3,602 SH   SOLE   3,602 0 0
LA Z BOY INC COM 505336107 1,416 52,772 SH   SOLE   40,052 0 12,720
LANDEC CORP COM 514766104 1,436 103,954 SH   SOLE   74,724 0 29,230
LINCOLN NATL CORP IND COM 534187109 4,614 80,000 SH   SOLE   80,000 0 0
LOCKHEED MARTIN CORP COM 539830109 7,015 36,427 SH   SOLE   29,612 0 6,815
MCDONALDS CORP COM 580135101 1,080 11,525 SH   SOLE   11,525 0 0
MEADWESTVACO CORP COM 583334107 688 15,500 SH   SOLE   15,500 0 0
MEDTRONIC INC COM 585055106 540 7,480 SH   SOLE   7,480 0 0
MERCK & CO INC NEW COM 58933Y105 631 11,107 SH   SOLE   10,882 0 225
MICROSOFT CORP COM 594918104 11,675 251,351 SH   SOLE   124,961 0 126,390
MOVADO GROUP INC COM 624580106 809 28,507 SH   SOLE   20,562 0 7,945
MRC GLOBAL INC COM 55345K103 2,331 153,849 SH   SOLE   123,424 0 30,425
NATIONAL GRID PLC SPON ADR NEW 636274300 3,149 44,570 SH   SOLE   36,980 0 7,590
NATIONAL OILWELL VARCO INC COM 637071101 2,988 45,599 SH   SOLE   37,602 0 7,997
NEENAH PAPER INC COM 640079109 1,591 26,390 SH   SOLE   21,300 0 5,090
NOBLE CORP PLC SHS USD G65431101 224 13,494 SH   SOLE   13,494 0 0
NORFOLK SOUTHERN CORP COM 655844108 5,459 49,800 SH   SOLE   0 0 49,800
NOVARTIS A G SPONSORED ADR 66987v109 7,561 81,594 SH   SOLE   43,919 0 37,675
NOW INC COM 67011P100 2,978 115,754 SH   SOLE   94,471 0 21,283
NUCOR CORP COM 670346105 1,143 23,296 SH   SOLE   21,881 0 1,415
OLD NATL BANCORP IND COM 680033107 235 15,785 SH   SOLE   15,785 0 0
ON SEMICONDUCTOR CORP COM 682189105 3,998 394,651 SH   SOLE   354,671 0 39,980
ORACLE CORP COM 68389X105 614 13,659 SH   SOLE   11,814 0 1,845
ORBOTECH LTD ORD M75253100 1,113 75,196 SH   SOLE   56,661 0 18,535
OUTERWALL INC COM 690070107 3,547 47,160 SH   SOLE   40,040 0 7,120
OWENS ILL INC COM NEW 690768403 2,159 80,000 SH   SOLE   80,000 0 0
PAYCHEX INC COM 704326107 582 12,604 SH   SOLE   12,429 0 175
PENGROWTH ENERGY CORP COM 70706P104 712 229,000 SH   SOLE   229,000 0 0
PEPSICO INC COM 713448108 6,345 67,097 SH   SOLE   56,661 0 10,436
PERFORMANT FINL CORP COM 71377e105 530 79,745 SH   SOLE   57,590 0 22,155
PFIZER INC COM 717081103 11,023 353,879 SH   SOLE   207,739 0 146,140
PHILIP MORRIS INTL INC COM 718172109 1,479 18,162 SH   SOLE   16,812 0 1,350
PNC FINL SVCS GROUP INC COM 693475105 5,943 65,140 SH   SOLE   53,773 0 11,367
PPL CORP COM 69351t106 6,565 180,706 SH   SOLE   151,951 0 28,755
PRAXAIR INC COM 74005P104 1,003 7,738 SH   SOLE   7,558 0 180
PREMIERE GLOBAL SVCS INC COM 740585104 2,334 219,790 SH   SOLE   176,645 0 43,145
PROCTER & GAMBLE CO COM 742718109 11,953 131,219 SH   SOLE   78,589 0 52,630
PROSHARES TR PSHS ULTSH 20YRS 74347B201 2,783 60,000 SH   SOLE   60,000 0 0
Q2 HLDGS INC COM 74736l109 238 12,655 SH   SOLE   0 0 12,655
QLOGIC CORP COM 747277101 1,095 82,196 SH   SOLE   59,306 0 22,890
QUALITY DISTR INC FLA COM 74756M102 1,238 116,342 SH   SOLE   88,107 0 28,235
RAYMOND JAMES FINANCIAL INC COM 754730109 7,851 137,034 SH   SOLE   111,199 0 25,835
REPUBLIC SVCS INC COM 760759100 3,681 91,447 SH   SOLE   30,682 0 60,765
ROCK-TENN CO CL A 772739207 6,556 107,504 SH   SOLE   97,424 0 10,080
RPM INTL INC COM 749685103 2,255 44,469 SH   SOLE   44,469 0 0
SCHLUMBERGER LTD COM 806857108 419 4,900 SH   SOLE   4,900 0 0
SELECT COMFORT CORP COM 81616x103 275 10,180 SH   SOLE   10,180 0 0
SERVICE CORP INTL COM 817565104 208 9,159 SH   SOLE   9,159 0 0
SKYWORKS SOLUTIONS INC COM 83088m102 1,302 17,913 SH   SOLE   13,913 0 4,000
SONOCO PRODS CO COM 835495102 416 9,520 SH   SOLE   9,520 0 0
SOUTHERN CO COM 842587107 5,370 109,344 SH   SOLE   58,529 0 50,815
SPECTRA ENERGY CORP COM 847560109 2,654 73,107 SH   SOLE   832 0 72,275
STELLUS CAP INVT CORP COM 858568108 2,201 186,840 SH   SOLE   155,030 0 31,810
SUNTRUST BKS INC COM 867914103 1,389 33,150 SH   SOLE   3,150 0 30,000
SYKES ENTERPRISES INC COM 871237103 1,923 81,941 SH   SOLE   59,461 0 22,480
SYNAPTICS INC COM 87157D109 1,356 19,699 SH   SOLE   15,199 0 4,500
SYNNEX CORP COM 87162W100 2,061 26,369 SH   SOLE   19,699 0 6,670
SYSCO CORP COM 871829107 2,545 64,125 SH   SOLE   850 0 63,275
TARGET CORP COM 87612e106 6,731 88,673 SH   SOLE   73,173 0 15,500
TCP CAP CORP COM 87238q103 1,429 85,171 SH   SOLE   61,601 0 23,570
TENNECO INC COM 880349105 968 17,098 SH   SOLE   12,418 0 4,680
THL CR INC COM 872438106 2,045 173,876 SH   SOLE   143,531 0 30,345
TIDEWATER INC COM 886423102 3,069 94,691 SH   SOLE   81,426 0 13,265
TITAN INTL INC ILL COM 88830m102 957 90,000 SH   SOLE   90,000 0 0
TIVO INC COM 888706108 1,639 138,425 SH   SOLE   105,425 0 33,000
TORCHMARK CORP COM 891027104 2,776 51,255 SH   SOLE   42,788 0 8,468
TOWER INTL INC COM 891826109 1,131 44,250 SH   SOLE   33,935 0 10,315
TOWERS WATSON & CO CL A 891894107 2,548 22,515 SH   SOLE   17,720 0 4,795
TRIANGLE CAP CORP COM 895848109 914 45,070 SH   SOLE   34,815 0 10,255
TRIANGLE PETE CORP COM NEW 89600b201 1,775 371,369 SH   SOLE   310,469 0 60,900
TRIMAS CORP COM NEW 896215209 1,183 37,803 SH   SOLE   28,593 0 9,210
TRIUMPH GROUP INC NEW COM 896818101 1,616 24,046 SH   SOLE   17,776 0 6,270
TWO HBRS INVT CORP COM 90187B101 157 15,680 SH   SOLE   15,680 0 0
U M H PROPERTIES INC COM 903002103 710 74,300 SH   SOLE   54,520 0 19,780
U S SILICA HLDGS INC COM 90346e103 2,117 82,388 SH   SOLE   72,288 0 10,100
UNIFI INC COM NEW 904677200 1,186 39,900 SH   SOLE   39,900 0 0
UNITED PARCEL SERVICE INC CL B 911312106 548 4,930 SH   SOLE   4,930 0 0
UNITED TECHNOLOGIES CORP COM 913017109 501 4,359 SH   SOLE   4,359 0 0
US BANCORP DEL COM NEW 902973304 8,678 193,057 SH   SOLE   122,782 0 70,275
V F CORP COM 918204108 423 5,648 SH   SOLE   4,477 0 1,171
VERIFONE SYS INC COM 92342Y109 8,428 226,556 SH   SOLE   191,284 0 35,272
VIAD CORP COM NEW 92552R406 1,355 50,827 SH   SOLE   38,687 0 12,140
WAL-MART STORES INC COM 931142103 316 3,674 SH   SOLE   3,524 0 150
WASTE MGMT INC DEL COM 94106l109 460 8,965 SH   SOLE   8,965 0 0
WELLS FARGO & CO NEW COM 949746101 8,551 155,983 SH   SOLE   128,338 0 27,645
WHITEHORSE FIN INC COM 96524v106 1,191 103,082 SH   SOLE   93,546 0 9,536
WILEY JOHN & SONS INC CL A 968223206 1,454 24,550 SH   SOLE   24,550 0 0
WINTRUST FINL CORP COM 97650W108 1,844 39,441 SH   SOLE   29,136 0 10,305
XERIUM TECHNOLOGIES INC COM NEW 98416j118 1,782 112,959 SH   SOLE   84,559 0 28,400
YUM BRANDS INC COM 988498101 271 3,724 SH   SOLE   3,724 0 0
ZIONS BANCORPORATION COM 989701107 983 34,482 SH   SOLE   24,742 0 9,740