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 7,743 36,889 SH   SOLE 15,114 0 21,775
AES CORP COM 00130h105 3,637 330,000 SH   SOLE 330,000 0 0
AFLAC INC COM 001055102 322 3,954 SH   SOLE 3,954 0 0
AGNC INVT CORP COM 00123Q104 650 30,000 SH   SOLE 30,000 0 0
ALCENTRA CAP CORP COM 01374t102 1,444 134,800 SH   SOLE 134,800 0 0
ALTRIA GROUP INC COM 02209s103 525 8,284 SH   SOLE 8,284 0 0
AMC NETWORKS INC CL A 00164V103 848 14,510 SH   SOLE 14,510 0 0
AMERICAN EXPRESS CO COM 025816109 8,965 99,100 SH   SOLE 42,200 0 56,900
AMERICAN INTL GROUP INC COM NEW 026874784 3,230 52,619 SH   SOLE 35,574 0 17,045
ANNALY CAP MGMT INC COM 035710409 3,142 257,789 SH   SOLE 167,279 0 90,510
ANTHEM INC COM 036752103 3,409 17,953 SH   SOLE 11,923 0 6,030
APPLE INC COM 037833100 8,369 54,303 SH   SOLE 16,456 0 37,847
ARES CAP CORP COM 04010l103 1,516 92,475 SH   SOLE 92,475 0 0
ARES COML REAL ESTATE CORP COM 04013v108 3,165 237,755 SH   SOLE 237,755 0 0
ARRIS INTL INC SHS g0551a103 655 23,000 SH   SOLE 23,000 0 0
AT&T INC COM 00206r102 7,299 186,329 SH   SOLE 79,284 0 107,045
ATLAS FINANCIAL HOLDINGS INC SHS NEW G06207115 1,324 70,070 SH   SOLE 70,070 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 3,761 34,400 SH   SOLE 3,200 0 31,200
AVNET INC COM 053807103 3,930 100,000 SH   SOLE 100,000 0 0
B RILEY FINL INC COM 05580M108 303 17,750 SH   SOLE 17,750 0 0
BANK AMER CORP COM 060505104 8,014 316,275 SH   SOLE 316,275 0 0
BECTON DICKINSON & CO COM 075887109 7,856 40,090 SH   SOLE 14,408 0 25,682
BGC PARTNERS INC CL A 05541t101 1,214 83,880 SH   SOLE 83,880 0 0
BLACKROCK INC COM 09247x101 7,094 15,866 SH   SOLE 6,515 0 9,351
BP PLC SPONSORED ADR 055622104 782 20,355 SH   SOLE 20,355 0 0
BROWN & BROWN INC COM 115236101 2,599 53,935 SH   SOLE 53,935 0 0
CAI INTERNATIONAL INC COM 12477x106 2,370 78,170 SH   SOLE 78,170 0 0
CALLON PETE CO DEL COM 13123X102 1,397 124,270 SH   SOLE 70,970 0 53,300
CARDTRONICS PLC SHS CL A g1991c105 363 15,770 SH   SOLE 15,770 0 0
CASELLA WASTE SYS INC CL A 147448104 1,533 81,565 SH   SOLE 81,565 0 0
CATERPILLAR INC DEL COM 149123101 764 6,125 SH   SOLE 425 0 5,700
CATHAY GEN BANCORP COM 149150104 750 18,645 SH   SOLE 18,645 0 0
CF INDS HLDGS INC COM 125269100 5,209 148,163 SH   SOLE 51,823 0 96,340
CHEVRON CORP NEW COM 166764100 6,464 55,009 SH   SOLE 21,578 0 33,431
CHICAGO BRIDGE & IRON CO N V COM 167250109 4,032 240,000 SH   SOLE 240,000 0 0
CHIMERA INVT CORP COM NEW 16934q208 1,529 80,800 SH   SOLE 80,800 0 0
CHINA GREEN AGRICULTURE INC COM 16943w105 74 60,000 SH   SOLE 60,000 0 0
CHUBB LIMITED COM H1467J104 2,681 18,809 SH   SOLE 12,644 0 6,165
CISCO SYS INC COM 17275r102 7,116 211,598 SH   SOLE 82,733 0 128,865
CITIGROUP INC COM NEW 172967424 6,547 90,000 SH   SOLE 90,000 0 0
CITRIX SYS INC COM 177376100 1,876 24,422 SH   SOLE 15,809 0 8,613
CME GROUP INC COM CL A 12572q105 3,694 27,223 SH   SOLE 17,128 0 10,095
COCA COLA CO COM 191216100 5,201 115,549 SH   SOLE 35,213 0 80,336
COLONY NORTHSTAR INC CL A COM 19625w104 1,393 110,872 SH   SOLE 110,872 0 0
COMCAST CORP NEW CL A 20030n101 6,431 167,133 SH   SOLE 23,963 0 143,170
CONNECTONE BANCORP INC NEW COM 20786w107 232 9,415 SH   SOLE 9,415 0 0
COOPER TIRE & RUBR CO COM 216831107 632 16,895 SH   SOLE 16,895 0 0
COVANTA HLDG CORP COM 22282e102 3,024 203,630 SH   SOLE 203,630 0 0
CRACKER BARREL OLD CTRY STOR COM 22410j106 1,284 8,468 SH   SOLE 8,468 0 0
CUSTOMERS BANCORP INC COM 23204G100 470 14,415 SH   SOLE 14,415 0 0
CVS HEALTH CORP COM 126650100 7,462 91,764 SH   SOLE 42,359 0 49,405
DISNEY WALT CO COM DISNEY 254687106 4,324 43,868 SH   SOLE 18,468 0 25,400
DIXIE GROUP INC CL A 255519100 487 121,750 SH   SOLE 121,750 0 0
DOWDUPONT INC COM 26078j100 6,805 98,299 SH   SOLE 30,034 0 68,265
DUKE ENERGY CORP NEW COM NEW 26441C204 2,631 31,355 SH   SOLE 22,900 0 8,455
EMERSON ELEC CO COM 291011104 762 12,130 SH   SOLE 12,130 0 0
EXPRESS SCRIPTS HLDG CO COM 30219g108 3,654 57,711 SH   SOLE 41,426 0 16,285
EXXON MOBIL CORP COM 30231g102 9,128 111,347 SH   SOLE 48,966 0 62,381
FEDERATED INVS INC PA CL B 314211103 539 18,150 SH   SOLE 150 0 18,000
FEDEX CORP COM 31428x106 248 1,100 SH   SOLE 1,100 0 0
FERRO CORP COM 315405100 4,379 196,370 SH   SOLE 196,370 0 0
FIDUS INVT CORP COM 316500107 2,586 160,830 SH   SOLE 160,830 0 0
FIFTH THIRD BANCORP COM 316773100 3,358 120,000 SH   SOLE 120,000 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 730 32,100 SH   SOLE 32,100 0 0
FIRST INTERNET BANCORP COM 320557101 484 14,990 SH   SOLE 14,990 0 0
FOOT LOCKER INC COM 344849104 484 13,740 SH   SOLE 13,740 0 0
GAIN CAP HLDGS INC COM 36268w100 188 29,385 SH   SOLE 29,385 0 0
GAMESTOP CORP NEW CL A 36467w109 1,538 74,461 SH   SOLE 53,061 0 21,400
GENERAL ELECTRIC CO COM 369604103 7,300 301,890 SH   SOLE 120,282 0 181,608
GENTEX CORP COM 371901109 2,687 135,720 SH   SOLE 95,150 0 40,570
GENUINE PARTS CO COM 372460105 742 7,762 SH   SOLE 7,762 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733w105 723 17,810 SH   SOLE 17,810 0 0
GLOBAL BRASS & COPPR HLDGS I COM 37953g103 698 20,655 SH   SOLE 20,655 0 0
GREEN BANCORP INC COM 39260x100 451 19,060 SH   SOLE 19,060 0 0
HALLIBURTON CO COM 406216101 712 15,470 SH   SOLE 14,610 0 860
HANESBRANDS INC COM 410345102 2,652 107,630 SH   SOLE 61,665 0 45,965
HANOVER INS GROUP INC COM 410867105 238 2,455 SH   SOLE 2,455 0 0
HEARTLAND FINL USA INC COM 42234q102 574 11,625 SH   SOLE 11,625 0 0
HERCULES CAPITAL INC COM 427096508 676 52,400 SH   SOLE 52,400 0 0
HIBBETT SPORTS INC COM 428567101 214 15,010 SH   SOLE 15,010 0 0
HOLLYFRONTIER CORP COM 436106108 2,485 69,090 SH   SOLE 46,185 0 22,905
HOME DEPOT INC COM 437076102 5,340 32,648 SH   SOLE 15,147 0 17,501
IBERIABANK CORP COM 450828108 769 9,355 SH   SOLE 9,355 0 0
INNERWORKINGS INC COM 45773y105 580 51,565 SH   SOLE 51,565 0 0
INTEGER HLDGS CORP COM 45826H109 1,023 20,000 SH   SOLE 20,000 0 0
INTEL CORP COM 458140100 8,129 213,475 SH   SOLE 82,210 0 131,265
INTERNATIONAL BUSINESS MACHS COM 459200101 3,718 25,625 SH   SOLE 6,788 0 18,837
IXYS CORP COM 46600w106 622 26,230 SH   SOLE 26,230 0 0
JABIL INC COM 466313103 5,770 202,105 SH   SOLE 202,105 0 0
JOHNSON & JOHNSON COM 478160104 11,546 88,806 SH   SOLE 45,281 0 43,525
JPMORGAN CHASE & CO COM 46625h100 10,735 112,395 SH   SOLE 92,631 0 19,764
KAPSTONE PAPER & PACKAGING C COM 48562p103 300 13,945 SH   SOLE 13,945 0 0
KFORCE INC COM 493732101 935 46,265 SH   SOLE 46,265 0 0
KIMBERLY CLARK CORP COM 494368103 680 5,777 SH   SOLE 5,777 0 0
LA Z BOY INC COM 505336107 553 20,545 SH   SOLE 20,545 0 0
LADDER CAP CORP CL A 505743104 2,329 168,990 SH   SOLE 168,990 0 0
LANDEC CORP COM 514766104 519 40,110 SH   SOLE 40,110 0 0
LINCOLN NATL CORP IND COM 534187109 8,818 120,000 SH   SOLE 120,000 0 0
LOCKHEED MARTIN CORP COM 539830109 2,350 7,574 SH   SOLE 5,214 0 2,360
M & T BK CORP COM 55261f104 2,134 13,250 SH   SOLE 0 0 13,250
MARCHEX INC CL B 56624r108 169 54,670 SH   SOLE 54,670 0 0
MCDONALDS CORP COM 580135101 1,228 7,835 SH   SOLE 7,835 0 0
MEDTRONIC PLC SHS g5960l103 276 3,545 SH   SOLE 3,545 0 0
MERCK & CO INC COM 58933y105 823 12,857 SH   SOLE 12,857 0 0
META FINL GROUP INC COM 59100U108 380 4,850 SH   SOLE 4,850 0 0
METHODE ELECTRS INC COM 591520200 460 10,870 SH   SOLE 10,870 0 0
MICROSOFT CORP COM 594918104 10,893 146,238 SH   SOLE 55,228 0 91,010
MODINE MFG CO COM 607828100 259 13,470 SH   SOLE 13,470 0 0
MRC GLOBAL INC COM 55345k103 850 48,590 SH   SOLE 48,590 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,225 34,297 SH   SOLE 19,332 0 14,965
NEW MEDIA INVT GROUP INC COM 64704v106 813 55,000 SH   SOLE 55,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 6,189 46,800 SH   SOLE 0 0 46,800
NOVARTIS A G SPONSORED ADR 66987v109 6,086 70,895 SH   SOLE 26,675 0 44,220
NUCOR CORP COM 670346105 334 5,955 SH   SOLE 5,955 0 0
OFS CAP CORP COM 67103b100 1,212 92,050 SH   SOLE 92,050 0 0
OLD NATL BANCORP IND COM 680033107 289 15,785 SH   SOLE 15,785 0 0
ON SEMICONDUCTOR CORP COM 682189105 6,221 336,800 SH   SOLE 336,800 0 0
ORACLE CORP COM 68389x105 1,229 25,421 SH   SOLE 23,626 0 1,795
OWENS ILL INC COM NEW 690768403 6,038 240,000 SH   SOLE 240,000 0 0
PACIFIC PREMIER BANCORP COM 69478x105 220 5,825 SH   SOLE 5,825 0 0
PARK OHIO HLDGS CORP COM 700666100 3,876 85,000 SH   SOLE 85,000 0 0
PAYCHEX INC COM 704326107 466 7,767 SH   SOLE 7,767 0 0
PEOPLES BANCORP INC COM 709789101 636 18,945 SH   SOLE 18,945 0 0
PEPSICO INC COM 713448108 3,421 30,705 SH   SOLE 23,920 0 6,785
PFIZER INC COM 717081103 9,154 256,416 SH   SOLE 106,739 0 149,677
PHILIP MORRIS INTL INC COM 718172109 1,565 14,097 SH   SOLE 13,682 0 415
PITNEY BOWES INC COM 724479100 1,334 95,210 SH   SOLE 95,210 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,389 17,730 SH   SOLE 12,045 0 5,685
PPL CORP COM 69351t106 3,661 96,473 SH   SOLE 71,793 0 24,680
PRAXAIR INC COM 74005p104 967 6,918 SH   SOLE 6,828 0 90
PROCTER AND GAMBLE CO COM 742718109 6,739 74,066 SH   SOLE 25,611 0 48,455
RAYMOND JAMES FINANCIAL INC COM 754730109 3,301 39,146 SH   SOLE 30,966 0 8,180
REGENCY CTRS CORP COM 758849103 2,121 34,189 SH   SOLE 23,124 0 11,065
REPUBLIC SVCS INC COM 760759100 1,092 16,532 SH   SOLE 15,977 0 555
RPM INTL INC COM 749685103 1,710 33,309 SH   SOLE 33,309 0 0
SCHLUMBERGER LTD COM 806857108 250 3,580 SH   SOLE 3,580 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 461 10,000 SH   SOLE 10,000 0 0
SERVICE CORP INTL COM 817565104 316 9,159 SH   SOLE 9,159 0 0
SONOCO PRODS CO COM 835495102 682 13,515 SH   SOLE 13,515 0 0
SOUTHERN CO COM 842587107 6,253 127,239 SH   SOLE 44,534 0 82,705
STERICYCLE INC COM 858912108 2,748 38,375 SH   SOLE 24,885 0 13,490
STIFEL FINL CORP COM 860630102 5,075 94,925 SH   SOLE 94,925 0 0
SUNTRUST BKS INC COM 867914103 1,855 31,040 SH   SOLE 1,040 0 30,000
SYNAPTICS INC COM 87157d109 284 7,260 SH   SOLE 7,260 0 0
TARGET CORP COM 87612e106 3,488 59,114 SH   SOLE 41,114 0 18,000
TCP CAP CORP COM 87238q103 988 59,900 SH   SOLE 59,900 0 0
TENNECO INC COM 880349105 6,067 100,000 SH   SOLE 100,000 0 0
THL CR INC COM 872438106 3,327 356,642 SH   SOLE 356,642 0 0
TOWER INTL INC COM 891826109 3,963 145,705 SH   SOLE 145,705 0 0
TOWNSQUARE MEDIA INC CL A 892231101 428 42,805 SH   SOLE 42,805 0 0
TRIANGLE CAP CORP COM 895848109 1,107 77,500 SH   SOLE 77,500 0 0
TRICO BANCSHARES COM 896095106 280 6,875 SH   SOLE 6,875 0 0
TRIPLEPOINT VENTURE GROWTH B COM 89677y100 702 52,400 SH   SOLE 52,400 0 0
UMH PPTYS INC COM 903002103 343 22,074 SH   SOLE 22,074 0 0
UNIFI INC COM NEW 904677200 368 10,330 SH   SOLE 10,330 0 0
UNITED INS HLDGS CORP COM 910710102 330 20,225 SH   SOLE 20,225 0 0
UNITED PARCEL SERVICE INC CL B 911312106 592 4,930 SH   SOLE 4,930 0 0
UNITED TECHNOLOGIES CORP COM 913017109 216 1,859 SH   SOLE 1,859 0 0
US BANCORP DEL COM NEW 902973304 6,763 126,195 SH   SOLE 42,810 0 83,385
V F CORP COM 918204108 597 9,392 SH   SOLE 8,566 0 826
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 395 9,055 SH   SOLE 8,415 0 640
VERIFONE SYS INC COM 92342y109 2,227 109,815 SH   SOLE 109,815 0 0
WAL-MART STORES INC COM 931142103 7,730 98,929 SH   SOLE 43,994 0 54,935
WASTE MGMT INC DEL COM 94106l109 854 10,915 SH   SOLE 10,915 0 0
WELLS FARGO CO NEW COM 949746101 5,085 92,206 SH   SOLE 72,406 0 19,800
WELLTOWER INC COM 95040q104 2,930 41,696 SH   SOLE 28,641 0 13,055
WESTERN DIGITAL CORP COM 958102105 6,772 78,379 SH   SOLE 36,769 0 41,610
WESTROCK CO COM 96145d105 7,960 140,310 SH   SOLE 140,310 0 0
WHITEHORSE FIN INC COM 96524v106 251 17,025 SH   SOLE 17,025 0 0
WILLIS TOWERS WATSON PUB LTD SHS g96629103 769 4,985 SH   SOLE 4,985 0 0
WINTRUST FINL CORP COM 97650w108 454 5,800 SH   SOLE 5,800 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416j118 657 137,490 SH   SOLE 137,490 0 0
YUM BRANDS INC COM 988498101 250 3,394 SH   SOLE 3,394 0 0