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
AEROJET ROCKETDYNE COM 007800105 543 18,415 SH   SOLE   18,415 0 0
ALAMO GROUP INC. COM 011311107 470 5,204 SH   SOLE   5,204 0 0
ALLERGAN INC. COM g0177j108 1,058 6,343 SH   SOLE   6,343 0 0
AMERCO COM 023586100 1,979 5,556 SH   SOLE   5,556 0 0
AMERICAN WATER WORKS COM 030420103 1,837 21,520 SH   SOLE   21,423 0 97
AMN HEALTHCARE SERVICES COM 001744101 552 9,420 SH   SOLE   9,420 0 0
APPLE INC COM COM 037833100 1,462 7,898 SH   SOLE   7,862 0 36
AQUA AMERICA COM 03836w103 469 13,335 SH   SOLE   12,998 0 337
AT&T INC. COM 00206R102 1,673 52,104 SH   SOLE   51,860 0 244
B & G FOODS COM 05508r106 960 32,099 SH   SOLE   31,741 0 358
BANK AMER CORP COM COM 060505104 1,842 65,335 SH   SOLE   65,335 0 0
BERKSHIRE HATHAWAY INC CL B COM 084670207 1,727 9,250 SH   SOLE   9,250 0 0
BRANDYWINE REALTY TRUST COM 105368203 903 53,494 SH   SOLE   53,494 0 0
BROADCOM LTD. COM 11135f101 832 3,427 SH   SOLE   3,427 0 0
CHARLES RIVER LABORATORIES COM 159864107 537 4,785 SH   SOLE   4,785 0 0
CROWN CASTLE INTERNATIONAL COR COM 22822v101 2,954 27,397 SH   SOLE   27,260 0 137
DANAHER CORP DEL COM COM 235851102 2,839 28,774 SH   SOLE   28,774 0 0
DELTA AIR LINES INC. COM 247361702 1,205 24,323 SH   SOLE   24,211 0 112
DEVON ENERGY CORP NEW COM COM 25179M103 1,463 33,270 SH   SOLE   33,270 0 0
DOLLAR TREE STORES INC. COM 256746108 3,436 40,425 SH   SOLE   40,425 0 0
EHEALTH COM 28238p109 670 30,301 SH   SOLE   30,301 0 0
EMERSON ELECTRIC COMPANY COM 291011104 1,663 24,047 SH   SOLE   23,934 0 113
EQUIFAX INC. COM 294429105 1,293 10,335 SH   SOLE   10,335 0 0
ESTEE LAUDER COMPANIES INC. COM 518439104 2,162 15,150 SH   SOLE   15,080 0 70
EZCORP INC. COM 302301106 684 56,741 SH   SOLE   56,741 0 0
FEDERAL AGRICULTURAL MORTGAGE COM 313148306 503 5,619 SH   SOLE   5,619 0 0
GENERAL ELECTRIC COMPANY COM 369604103 748 54,977 SH   SOLE   54,686 0 291
GRAPHIC PACKAGING COM 388689101 2,829 195,002 SH   SOLE   194,146 0 856
HEALTHCARE TRUST OF AMERICA IN COM 42225p501 2,353 87,260 SH   SOLE   86,788 0 472
HOME BANCSHARES INC. COM 436893200 706 31,294 SH   SOLE   31,294 0 0
HONEYWELL INTL INC. COM 438516106 1,727 11,992 SH   SOLE   11,930 0 62
INDEPENDENCE CONTRACT DRILLING COM 453415309 435 105,531 SH   SOLE   105,531 0 0
ITRON INC COM 465741106 665 11,066 SH   SOLE   11,066 0 0
JOHNSON & JOHNSON COM 478160104 2,641 21,762 SH   SOLE   21,614 0 148
JPMORGAN CHASE & CO COM COM 46625H100 2,319 22,258 SH   SOLE   22,158 0 100
KROGER COMPANY COM 501044101 1,914 67,264 SH   SOLE   66,940 0 324
LABORATORY CORP OF AMER HOLDIN COM 50540R409 4,049 22,554 SH   SOLE   22,502 0 52
LANDEC COM 514766104 537 36,070 SH   SOLE   36,070 0 0
LIONSGATE ENTERTAINMENT COM 535919401 2,403 96,819 SH   SOLE   96,819 0 0
LKQ CORP. COM 501889208 1,880 58,945 SH   SOLE   58,945 0 0
MARATHON PETE CORP COM COM 56585A102 2,290 32,645 SH   SOLE   32,496 0 149
MCCORMICK COM 579780206 1,999 17,219 SH   SOLE   17,103 0 116
MIDDLESEX WATER COMPANY COM 596680108 747 17,720 SH   SOLE   17,720 0 0
MISTRAS GROUP COM 60649t107 714 37,821 SH   SOLE   37,821 0 0
MOHAWK INDS INC COM COM 608190104 1,459 6,807 SH   SOLE   6,807 0 0
MOLSON COORS BREWING CO. COM 60871R209 2,329 34,230 SH   SOLE   34,041 0 189
MOTORCAR PARTS OF AMERICA INC. COM 620071100 456 24,373 SH   SOLE   24,373 0 0
NATIONAL BEVERAGE CORP. COM 635017106 655 6,129 SH   SOLE   6,129 0 0
NEXTERA ENERGY INC. COM 65339F101 2,934 17,567 SH   SOLE   17,487 0 80
NOBILIS HEALTH COM 65500b103 770 641,970 SH   SOLE   641,970 0 0
NOBLE ENERGY INC. COM 655044105 1,581 44,805 SH   SOLE   44,805 0 0
NORTHWEST PIPE COM 667746101 382 19,723 SH   SOLE   19,723 0 0
NORTHWESTERN CORP COM 668074305 437 7,626 SH   SOLE   7,626 0 0
OAKTREE CAPITAL COM 674001201 3,037 74,721 SH   SOLE   74,375 0 346
ONESPAN INC COM 68287n100 744 37,885 SH   SOLE   37,885 0 0
PNC FINL SVCS GROUP INC COM COM 693475105 2,378 17,604 SH   SOLE   17,479 0 125
PZENA ASSET MANAGEMENT COM 74731q103 440 47,754 SH   SOLE   47,754 0 0
SEACOAST BANKING CORP FL COM 811707801 580 18,371 SH   SOLE   18,371 0 0
SEALED AIR CORPORATION COM 81211K100 2,248 52,964 SH   SOLE   52,964 0 0
SILICOM LTD COM m84116108 328 8,524 SH   SOLE   8,524 0 0
SPECTRUM BRANDS COM 84763r101 612 7,496 SH   SOLE   7,496 0 0
SPIRIT AIRLINES COM 848577102 321 8,828 SH   SOLE   8,828 0 0
STATE BANK FINANCIAL CORP. COM 856190103 1,025 30,687 SH   SOLE   30,687 0 0
SYNCHRONY FINANCIAL COM 87165b103 2,361 70,737 SH   SOLE   70,538 0 199
SYNEOS HEALTH INC. COM 87166b102 998 21,285 SH   SOLE   21,285 0 0
TETRA TECH INC COM 88162G103 479 8,182 SH   SOLE   8,182 0 0
THERMO FISHER SCIENTIFIC INC C COM 883556102 2,850 13,758 SH   SOLE   13,758 0 0
VIRTU FINANCIAL COM 928254101 2,214 83,402 SH   SOLE   83,023 0 379
WALGREENS BOOTS ALLIANCE COM 931427108 1,018 16,966 SH   SOLE   16,966 0 0
WELLS FARGO & COMPANY COM 949746101 2,930 52,845 SH   SOLE   52,602 0 243
WEST PHARMACEUTICAL SERVICES COM 955306105 880 8,861 SH   SOLE   8,861 0 0
WEYERHAEUSER COMPANY COM 962166104 1,783 48,891 SH   SOLE   48,365 0 526
XCEL ENERGY INC. COM 98389B100 2,358 51,629 SH   SOLE   51,395 0 234