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 6,657 30,323 SH   SOLE 12,673 0 17,650
AES CORP COM 00130h105 4,548 400,000 SH   SOLE 400,000 0 0
AFLAC INC COM 001055102 337 7,694 SH   SOLE 7,694 0 0
ALCENTRA CAP CORP COM 01374t102 910 130,800 SH   SOLE 130,800 0 0
ALTRIA GROUP INC COM 02209s103 516 8,284 SH   SOLE 8,284 0 0
AMAG PHARMACEUTICALS INC COM 00163u106 241 11,980 SH   SOLE 11,980 0 0
AMC NETWORKS INC CL A 00164V103 487 9,420 SH   SOLE 9,420 0 0
AMERICAN EXPRESS CO COM 025816109 8,559 91,752 SH   SOLE 42,122 0 49,630
AMERICAN INTL GROUP INC COM NEW 026874784 3,306 60,742 SH   SOLE 40,822 0 19,920
ANNALY CAP MGMT INC COM 035710409 2,637 252,781 SH   SOLE 164,796 0 87,985
ANTHEM INC COM 036752103 2,228 10,139 SH   SOLE 7,179 0 2,960
APPLE INC COM 037833100 8,090 48,216 SH   SOLE 17,054 0 31,162
ARES CAP CORP COM 04010l103 1,468 92,475 SH   SOLE 92,475 0 0
ARES COML REAL ESTATE CORP COM 04013v108 2,936 237,755 SH   SOLE 237,755 0 0
ARRIS INTL INC SHS g0551a103 604 22,735 SH   SOLE 22,735 0 0
AT&T INC COM 00206r102 7,049 197,726 SH   SOLE 86,296 0 111,430
ATLAS FINANCIAL HOLDINGS INC SHS NEW G06207115 729 70,420 SH   SOLE 70,420 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 3,302 29,100 SH   SOLE 3,200 0 25,900
AVNET INC COM 053807103 4,176 100,000 SH   SOLE 100,000 0 0
B RILEY FINL INC COM 05580M108 368 18,870 SH   SOLE 18,870 0 0
BANK AMER CORP COM 060505104 9,459 315,405 SH   SOLE 315,405 0 0
BECTON DICKINSON & CO COM 075887109 8,420 38,857 SH   SOLE 16,525 0 22,332
BGC PARTNERS INC CL A 05541t101 1,263 93,880 SH   SOLE 93,880 0 0
BLACKROCK INC COM 09247x101 7,279 13,437 SH   SOLE 5,956 0 7,481
BP PLC SPONSORED ADR 055622104 1,002 24,715 SH   SOLE 24,715 0 0
BROWN & BROWN INC COM 115236101 2,744 107,870 SH   SOLE 107,870 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541w209 3,178 33,917 SH   SOLE 22,577 0 11,340
CAI INTERNATIONAL INC COM 12477x106 2,580 121,375 SH   SOLE 121,375 0 0
CALLON PETE CO DEL COM 13123X102 1,588 119,915 SH   SOLE 70,365 0 49,550
CAMBIUM LEARNING GRP INC COM 13201A107 120 10,675 SH   SOLE 10,675 0 0
CASELLA WASTE SYS INC CL A 147448104 1,907 81,565 SH   SOLE 81,565 0 0
CATHAY GEN BANCORP COM 149150104 737 18,435 SH   SOLE 18,435 0 0
CF INDS HLDGS INC COM 125269100 4,974 131,835 SH   SOLE 43,900 0 87,935
CHARLES & COLVARD LTD COM 159765106 28 20,400 SH   SOLE 20,400 0 0
CHEVRON CORP NEW COM 166764100 5,318 46,635 SH   SOLE 19,009 0 27,626
CHICAGO BRIDGE & IRON CO N V COM 167250109 3,312 230,000 SH   SOLE 230,000 0 0
CHIMERA INVT CORP COM NEW 16934q208 641 36,800 SH   SOLE 36,800 0 0
CHINA GREEN AGRICULTURE INC COM 16943w105 76 60,000 SH   SOLE 60,000 0 0
CHUBB LIMITED COM H1467J104 2,591 18,941 SH   SOLE 13,006 0 5,935
CISCO SYS INC COM 17275r102 8,165 190,368 SH   SOLE 81,523 0 108,845
CITIGROUP INC COM NEW 172967424 6,075 90,000 SH   SOLE 90,000 0 0
CITRIX SYS INC COM 177376100 1,703 18,348 SH   SOLE 12,420 0 5,928
CLEARWATER PAPER CORP COM 18538R103 665 17,000 SH   SOLE 17,000 0 0
CME GROUP INC COM CL A 12572q105 3,704 22,903 SH   SOLE 15,183 0 7,720
COCA COLA CO COM 191216100 2,323 53,499 SH   SOLE 7,463 0 46,036
COLONY NORTHSTAR INC CL A COM 19625w104 904 160,872 SH   SOLE 160,872 0 0
COMCAST CORP NEW CL A 20030n101 7,361 215,435 SH   SOLE 76,275 0 139,160
CONNECTONE BANCORP INC NEW COM 20786w107 271 9,415 SH   SOLE 9,415 0 0
COOPER TIRE & RUBR CO COM 216831107 495 16,895 SH   SOLE 16,895 0 0
COVANTA HLDG CORP COM 22282e102 2,953 203,630 SH   SOLE 203,630 0 0
CRACKER BARREL OLD CTRY STOR COM 22410j106 1,348 8,468 SH   SOLE 8,468 0 0
CUSTOMERS BANCORP INC COM 23204G100 420 14,415 SH   SOLE 14,415 0 0
CVS HEALTH CORP COM 126650100 5,409 86,944 SH   SOLE 39,174 0 47,770
DISNEY WALT CO COM DISNEY 254687106 4,198 41,798 SH   SOLE 17,093 0 24,705
DIXIE GROUP INC CL A 255519100 268 97,550 SH   SOLE 97,550 0 0
DOWDUPONT INC COM 26078j100 5,540 86,952 SH   SOLE 31,462 0 55,490
DUKE ENERGY CORP NEW COM NEW 26441C204 2,318 29,915 SH   SOLE 22,185 0 7,730
EMERSON ELEC CO COM 291011104 1,074 15,720 SH   SOLE 15,720 0 0
EXPRESS SCRIPTS HLDG CO COM 30219g108 3,555 51,461 SH   SOLE 37,981 0 13,480
EXXON MOBIL CORP COM 30231g102 6,792 91,039 SH   SOLE 41,113 0 49,926
FEDEX CORP COM 31428x106 264 1,100 SH   SOLE 1,100 0 0
FERRO CORP COM 315405100 4,560 196,370 SH   SOLE 196,370 0 0
FIDUS INVT CORP COM 316500107 1,433 111,265 SH   SOLE 111,265 0 0
FIFTH THIRD BANCORP COM 316773100 3,810 120,000 SH   SOLE 120,000 0 0
FIRST BUS FINL SVCS INC WIS COM 319390100 831 33,030 SH   SOLE 33,030 0 0
FIRST INTERNET BANCORP COM 320557101 584 15,790 SH   SOLE 15,790 0 0
FOOT LOCKER INC COM 344849104 626 13,740 SH   SOLE 13,740 0 0
GAIN CAP HLDGS INC COM 36268w100 191 28,240 SH   SOLE 28,240 0 0
GAMESTOP CORP NEW CL A 36467w109 1,124 89,095 SH   SOLE 89,095 0 0
GENERAL ELECTRIC CO COM 369604103 1,782 132,177 SH   SOLE 7,609 0 124,568
GENTEX CORP COM 371901109 3,078 133,711 SH   SOLE 94,836 0 38,875
GENUINE PARTS CO COM 372460105 880 9,792 SH   SOLE 9,792 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733w105 881 22,550 SH   SOLE 22,550 0 0
GLOBAL BRASS & COPPR HLDGS I COM 37953g103 671 20,065 SH   SOLE 20,065 0 0
GOOD TIMES RESTAURANTS INC COM PAR $.001NEW 382140879 39 12,700 SH   SOLE 12,700 0 0
GREEN BANCORP INC COM 39260x100 319 14,350 SH   SOLE 14,350 0 0
HALLIBURTON CO COM 406216101 750 15,972 SH   SOLE 14,762 0 1,210
HANESBRANDS INC COM 410345102 1,899 103,080 SH   SOLE 60,495 0 42,585
HANOVER INS GROUP INC COM 410867105 264 2,240 SH   SOLE 2,240 0 0
HEARTLAND FINL USA INC COM 42234q102 608 11,455 SH   SOLE 11,455 0 0
HERCULES CAPITAL INC COM 427096508 634 52,400 SH   SOLE 52,400 0 0
HIBBETT SPORTS INC COM 428567101 221 9,220 SH   SOLE 9,220 0 0
HOLLYFRONTIER CORP COM 436106108 2,331 47,703 SH   SOLE 34,118 0 13,585
HOME DEPOT INC COM 437076102 5,904 33,125 SH   SOLE 15,529 0 17,596
IBERIABANK CORP COM 450828108 730 9,355 SH   SOLE 9,355 0 0
INNERWORKINGS INC COM 45773y105 935 103,320 SH   SOLE 103,320 0 0
INTEL CORP COM 458140100 9,024 173,266 SH   SOLE 70,916 0 102,350
INTERNATIONAL BUSINESS MACHS COM 459200101 3,698 24,100 SH   SOLE 6,685 0 17,415
ISHARES TR MSCI EAFE ETF 464287465 499 7,162 SH   SOLE 0 0 7,162
JABIL INC COM 466313103 5,806 202,105 SH   SOLE 202,105 0 0
JOHNSON & JOHNSON COM 478160104 9,553 74,542 SH   SOLE 38,237 0 36,305
JPMORGAN CHASE & CO COM 46625h100 12,409 112,837 SH   SOLE 93,888 0 18,949
KFORCE INC COM 493732101 1,241 45,880 SH   SOLE 45,880 0 0
KIMBERLY CLARK CORP COM 494368103 776 7,042 SH   SOLE 7,042 0 0
LA Z BOY INC COM 505336107 589 19,675 SH   SOLE 19,675 0 0
LADDER CAP CORP CL A 505743104 2,548 168,990 SH   SOLE 168,990 0 0
LANDEC CORP COM 514766104 656 50,230 SH   SOLE 50,230 0 0
LINCOLN NATL CORP IND COM 534187109 8,767 120,000 SH   SOLE 120,000 0 0
LOCKHEED MARTIN CORP COM 539830109 2,728 8,074 SH   SOLE 5,714 0 2,360
M & T BK CORP COM 55261f104 2,443 13,250 SH   SOLE 0 0 13,250
MERCK & CO INC COM 58933y105 834 15,312 SH   SOLE 15,312 0 0
META FINL GROUP INC COM 59100U108 518 4,740 SH   SOLE 4,740 0 0
METHODE ELECTRS INC COM 591520200 402 10,270 SH   SOLE 10,270 0 0
MICROSOFT CORP COM 594918104 11,719 128,397 SH   SOLE 51,082 0 77,315
MODINE MFG CO COM 607828100 276 13,040 SH   SOLE 13,040 0 0
MRC GLOBAL INC COM 55345k103 791 48,125 SH   SOLE 48,125 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,232 33,472 SH   SOLE 19,517 0 13,955
NAUTILUS INC COM 63910B102 1,614 120,020 SH   SOLE 120,020 0 0
NCR CORP NEW COM 62886E108 2,522 80,000 SH   SOLE 80,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 5,961 43,900 SH   SOLE 0 0 43,900
NOVARTIS A G SPONSORED ADR 66987v109 5,585 69,077 SH   SOLE 25,872 0 43,205
NUCOR CORP COM 670346105 364 5,955 SH   SOLE 5,955 0 0
OFFICE DEPOT INC COM 676220106 650 302,310 SH   SOLE 302,310 0 0
OFS CAP CORP COM 67103b100 1,033 92,050 SH   SOLE 92,050 0 0
OLD NATL BANCORP IND COM 680033107 267 15,785 SH   SOLE 15,785 0 0
ON SEMICONDUCTOR CORP COM 682189105 8,048 329,025 SH   SOLE 329,025 0 0
ORACLE CORP COM 68389x105 1,278 27,944 SH   SOLE 25,454 0 2,490
OWENS ILL INC COM NEW 690768403 5,198 240,000 SH   SOLE 240,000 0 0
PACIFIC PREMIER BANCORP COM 69478x105 234 5,825 SH   SOLE 5,825 0 0
PARK OHIO HLDGS CORP COM 700666100 3,302 85,000 SH   SOLE 85,000 0 0
PAYCHEX INC COM 704326107 469 7,607 SH   SOLE 7,607 0 0
PEOPLES BANCORP INC COM 709789101 651 18,370 SH   SOLE 18,370 0 0
PEPSICO INC COM 713448108 3,723 34,111 SH   SOLE 25,736 0 8,375
PFIZER INC COM 717081103 7,972 224,622 SH   SOLE 96,500 0 128,122
PHILIP MORRIS INTL INC COM 718172109 1,426 14,350 SH   SOLE 13,715 0 635
PITNEY BOWES INC COM 724479100 1,038 95,310 SH   SOLE 95,310 0 0
PNC FINL SVCS GROUP INC COM 693475105 3,139 20,757 SH   SOLE 14,102 0 6,655
PPL CORP COM 69351t106 3,406 120,402 SH   SOLE 90,652 0 29,750
PRAXAIR INC COM 74005p104 986 6,836 SH   SOLE 6,746 0 90
PROCTER AND GAMBLE CO COM 742718109 5,833 73,573 SH   SOLE 23,073 0 50,500
RAYMOND JAMES FINANCIAL INC COM 754730109 3,465 38,754 SH   SOLE 30,974 0 7,780
REGENCY CTRS CORP COM 758849103 2,410 40,868 SH   SOLE 27,253 0 13,615
REPUBLIC SVCS INC COM 760759100 1,175 17,737 SH   SOLE 17,057 0 680
RPM INTL INC COM 749685103 1,555 32,629 SH   SOLE 32,629 0 0
SCHLUMBERGER LTD COM 806857108 232 3,580 SH   SOLE 3,580 0 0
SEQUENTIAL BRNDS GROUP INC N COM 81734P107 28 13,400 SH   SOLE 13,400 0 0
SERITAGE GROWTH PPTYS CL A 81752R100 356 10,000 SH   SOLE 10,000 0 0
SERVICE CORP INTL COM 817565104 346 9,159 SH   SOLE 9,159 0 0
SHUTTERFLY INC COM 82568p304 333 4,100 SH   SOLE 4,100 0 0
SNAP ON INC COM 833034101 2,632 17,839 SH   SOLE 12,719 0 5,120
SONOCO PRODS CO COM 835495102 886 18,275 SH   SOLE 18,275 0 0
SOUTHERN CO COM 842587107 4,813 107,762 SH   SOLE 37,412 0 70,350
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,975 7,507 SH   SOLE 0 0 7,507
STERICYCLE INC COM 858912108 3,146 53,751 SH   SOLE 37,431 0 16,320
STIFEL FINL CORP COM 860630102 5,622 94,925 SH   SOLE 94,925 0 0
SUNTRUST BKS INC COM 867914103 2,110 31,010 SH   SOLE 1,010 0 30,000
SYNAPTICS INC COM 87157d109 325 7,115 SH   SOLE 7,115 0 0
TARGET CORP COM 87612e106 3,997 57,563 SH   SOLE 40,638 0 16,925
TCP CAP CORP COM 87238q103 852 59,900 SH   SOLE 59,900 0 0
TENNECO INC COM 880349105 5,487 100,000 SH   SOLE 100,000 0 0
THL CR INC COM 872438106 2,616 336,642 SH   SOLE 336,642 0 0
TOWER INTL INC COM 891826109 4,017 144,740 SH   SOLE 144,740 0 0
TOWNSQUARE MEDIA INC CL A 892231101 463 58,395 SH   SOLE 58,395 0 0
TRICO BANCSHARES COM 896095106 256 6,875 SH   SOLE 6,875 0 0
TRIPLEPOINT VENTURE GROWTH B COM 89677y100 626 52,400 SH   SOLE 52,400 0 0
UMH PPTYS INC COM 903002103 319 23,814 SH   SOLE 23,814 0 0
UNITED INS HLDGS CORP COM 910710102 377 19,710 SH   SOLE 19,710 0 0
UNITED PARCEL SERVICE INC CL B 911312106 516 4,930 SH   SOLE 4,930 0 0
UNITED TECHNOLOGIES CORP COM 913017109 209 1,659 SH   SOLE 1,659 0 0
US BANCORP DEL COM NEW 902973304 5,755 113,960 SH   SOLE 42,015 0 71,945
V F CORP COM 918204108 839 11,317 SH   SOLE 10,191 0 1,126
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 755 16,078 SH   SOLE 8,592 0 7,486
VERIFONE SYS INC COM 92342y109 1,689 109,815 SH   SOLE 109,815 0 0
VERIZON COMMUNICATIONS INC COM 92343v104 224 4,694 SH   SOLE 4,694 0 0
WALMART INC COM 931142103 7,819 87,881 SH   SOLE 43,061 0 44,820
WASTE MGMT INC DEL COM 94106l109 1,006 11,965 SH   SOLE 11,965 0 0
WELLS FARGO CO NEW COM 949746101 5,538 105,666 SH   SOLE 80,766 0 24,900
WELLTOWER INC COM 95040q104 2,207 40,541 SH   SOLE 28,196 0 12,345
WESTERN DIGITAL CORP COM 958102105 5,161 55,937 SH   SOLE 27,367 0 28,570
WESTROCK CO COM 96145d105 8,989 140,085 SH   SOLE 140,085 0 0
WHITEHORSE FIN INC COM 96524v106 702 56,500 SH   SOLE 56,500 0 0
WILLIS TOWERS WATSON PUB LTD SHS g96629103 759 4,985 SH   SOLE 4,985 0 0
WINTRUST FINL CORP COM 97650w108 499 5,800 SH   SOLE 5,800 0 0
XERIUM TECHNOLOGIES INC COM NEW 98416j118 964 149,450 SH   SOLE 149,450 0 0
YUM BRANDS INC COM 988498101 289 3,394 SH   SOLE 3,394 0 0