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
ABBOTT LABS COM 002824100 30,856 578,253 SH   SOLE   384,838 0 193,415
ABBVIE INC COM 00287Y109 31,459 354,027 SH   SOLE   232,692 0 121,335
ACETO CORP COM 004446100 8,472 754,449 SH   SOLE   754,449 0 0
ACUSHNET HOLDINGS CORP COM 005098108 22,975 1,293,615 SH   SOLE   869,231 0 424,384
ADAMS RES & ENERGY INC COM NEW 006351308 3,600 86,748 SH   SOLE   86,748 0 0
ADTRAN INC COM 00738A106 2,519 104,965 SH   SOLE   104,965 0 0
ADVANCED DRAIN SYS INC DEL COM 00790R104 26,964 1,331,572 SH   SOLE   1,006,543 0 325,029
ANDEAVOR COM 03349M105 765 7,416 SH   SOLE   7,416 0 0
ANDERSONS INC COM 034164103 24,076 702,960 SH   SOLE   539,382 0 163,578
APACHE CORP COM 037411105 206 4,500 SH   SOLE   4,500 0 0
APOGEE ENTERPRISES INC COM 037598109 11,455 237,370 SH   SOLE   162,058 0 75,312
ARMADA HOFFLER PPTYS INC COM 04208T108 8,389 607,447 SH   SOLE   607,447 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 17,535 434,025 SH   SOLE   291,397 0 142,628
AT&T INC COM 00206R102 36,304 926,839 SH   SOLE   598,369 0 328,470
AVIS BUDGET GROUP COM 053774105 202 5,300 SH   SOLE   5,300 0 0
B & G FOODS INC NEW COM 05508R106 30,695 963,731 SH   SOLE   658,673 0 305,058
BALDWIN & LYONS INC CL B 057755209 7,902 350,431 SH   SOLE   350,431 0 0
BANC OF CALIFORNIA INC COM 05990K106 12,242 589,997 SH   SOLE   589,997 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 1,262 27,550 SH   SOLE   27,550 0 0
BANK AMER CORP COM 060505104 380 15,000 SH   SOLE   15,000 0 0
BANKFINANCIAL CORP COM 06643P104 8,821 555,111 SH   SOLE   555,111 0 0
BARRETT BILL CORP COM 06846N104 837 195,000 SH   SOLE   195,000 0 0
BB&T CORP COM 054937107 40,043 853,064 SH   SOLE   564,844 0 288,220
BEMIS INC COM 081437105 30,941 678,968 SH   SOLE   463,937 0 215,031
BENEFICIAL BANCORP INC COM 08171T102 10,298 620,388 SH   SOLE   620,388 0 0
BLOOMIN BRANDS INC COM 094235108 1,185 67,319 SH   SOLE   67,319 0 0
BRANDYWINE RLTY TR SH BEN INT NEW 105368203 14,437 825,417 SH   SOLE   554,890 0 270,527
BROOKLINE BANCORP INC DEL COM 11373M107 12,033 776,320 SH   SOLE   604,666 0 171,654
BRYN MAWR BK CORP COM 117665109 8,604 196,429 SH   SOLE   196,429 0 0
CABOT CORP COM 127055101 24,851 445,362 SH   SOLE   292,872 0 152,490
CALGON CARBON CORP COM 129603106 16,998 794,314 SH   SOLE   794,314 0 0
CAPITAL CITY BK GROUP INC COM 139674105 2,242 93,392 SH   SOLE   93,392 0 0
CARDINAL HEALTH INC COM 14149Y108 26,775 400,101 SH   SOLE   259,971 0 140,130
CARPENTER TECHNOLOGY CORP COM 144285103 37,652 783,936 SH   SOLE   553,086 0 230,850
CARTER INC COM 146229109 2,031 20,570 SH   SOLE   20,570 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 19,172 1,520,420 SH   SOLE   1,520,420 0 0
CEDAR REALTY TRUST INC COM NEW 150602209 14,026 2,495,693 SH   SOLE   2,495,693 0 0
CENTERPOINT ENERGY INC COM 15189T107 18,905 647,220 SH   SOLE   433,818 0 213,402
CHARTER FINL CORP MD COM 16122W108 2,033 109,698 SH   SOLE   109,698 0 0
CHEVRON CORP NEW COM 166764100 50,170 426,978 SH   SOLE   260,838 0 166,140
CHICOS FAS INC COM 168615102 1,021 114,064 SH   SOLE   114,064 0 0
CISCO SYS INC COM 17275R102 23,852 709,254 SH   SOLE   483,654 0 225,600
CITIGROUP INC COM NEW 172967424 967 13,300 SH   SOLE   13,300 0 0
CNOOC LTD SPONSORED ADR 126132109 2,830 21,820 SH   SOLE   21,820 0 0
COCA COLA CO COM 191216100 34,941 776,303 SH   SOLE   524,143 0 252,160
COCA COLA EUROPEAN PARTNERS SHS G25839104 13,603 326,833 SH   SOLE   245,418 0 81,415
CODORUS VY BANCORP INC COM 192025104 2,356 76,722 SH   SOLE   76,722 0 0
COHEN & STEERS INC COM 19247A100 11,567 292,900 SH   SOLE   213,079 0 79,821
COHU INC COM 192576106 6,701 281,081 SH   SOLE   262,703 0 18,378
COLUMBIA BKG SYS INC COM 197236102 1,300 30,868 SH   SOLE   30,868 0 0
COLUMBIA SPORTSWEAR CO COM 198516106 29,631 481,183 SH   SOLE   340,048 0 141,135
COMMERCIAL METALS CO COM 201723103 57,435 3,018,145 SH   SOLE   2,080,762 0 937,383
COMMUNITY HEALTHCARE TR INC COM 20369C106 8,867 328,909 SH   SOLE   328,909 0 0
COMPASS MINERALS INTL INC COM 20451N101 44,965 692,832 SH   SOLE   479,287 0 213,545
CONOCOPHILLIPS COM 20825C104 36,605 731,372 SH   SOLE   498,387 0 232,985
CONTINENTAL RESOURCES INC COM 212015101 386 10,000 SH   SOLE   10,000 0 0
COOPER TIRE & RUBR CO COM 216831107 42,609 1,139,284 SH   SOLE   793,503 0 345,781
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108 1,019 31,050 SH   SOLE   31,050 0 0
COUSINS PPTYS INC COM 222795106 1,030 110,301 SH   SOLE   110,301 0 0
COVANTA HLDG CORP COM 22282E102 31,527 2,123,007 SH   SOLE   1,456,643 0 666,364
CREDICORP LTD COM G2519Y108 1,406 6,860 SH   SOLE   6,860 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 356 22,500 SH   SOLE   22,500 0 0
CULLEN FROST BANKERS INC COM 229899109 22,566 237,735 SH   SOLE   166,295 0 71,440
CVS HEALTH CORP COM 126650100 33,149 407,633 SH   SOLE   268,073 0 139,560
CYPRESS SEMICONDUCTOR CORP COM 232806109 19,345 1,287,927 SH   SOLE   888,359 0 399,568
DELEK US HLDGS INC NEW COM 24665A103 49,632 1,856,792 SH   SOLE   1,283,665 0 573,127
DEVON ENERGY CORP NEW COM 25179M103 514 14,000 SH   SOLE   14,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109 392 4,000 SH   SOLE   4,000 0 0
DIEBOLD NXDF INC COM 253651103 48,151 2,107,265 SH   SOLE   1,447,758 0 659,507
DONEGAL GROUP INC CL A 257701201 4,277 265,178 SH   SOLE   265,178 0 0
DUNKIN BRANDS GROUP INC COM 265504100 21,782 410,358 SH   SOLE   287,938 0 122,420
EAGLE BANCORP MONT INC COM 26942G100 3,582 193,639 SH   SOLE   193,639 0 0
EASTMAN CHEM CO COM 277432100 28,421 314,080 SH   SOLE   212,631 0 101,449
EATON CORP PLC SHS G29183103 22,659 295,076 SH   SOLE   221,398 0 73,678
ECOPETROL S A SPONSORED ADS 279158109 1,356 142,890 SH   SOLE   142,890 0 0
EDUCATION RLTY TR INC COM NEW 28140H203 28,592 795,756 SH   SOLE   534,273 0 261,483
EMERGE ENERGY SVCS LP COM REP PARTN 29102H108 132 16,000 SH   SOLE   16,000 0 0
EMERSON ELEC CO COM 291011104 43,201 687,475 SH   SOLE   415,768 0 271,707
ENERGIZER HLDGS INC NEW COM 29272W109 23,581 512,066 SH   SOLE   349,496 0 162,570
ENTERPRISE FINL SVCS CORP COM 293712105 5,019 118,513 SH   SOLE   118,513 0 0
ENTRAVISION COMMUNICATIONS C CL A 29382R107 10,294 1,806,040 SH   SOLE   1,806,040 0 0
EVEREST RE GROUP LTD COM G3223R108 18,738 82,045 SH   SOLE   63,945 0 18,100
EXXON MOBIL CORP COM 30231G102 47,787 582,906 SH   SOLE   345,141 0 237,765
FAIRMOUNT SANTROL HLDGS INC COM 30555Q108 526 110,000 SH   SOLE   110,000 0 0
FERROGLOBE PLC SHS G33856108 35,551 2,701,416 SH   SOLE   1,846,914 0 854,502
FIFTH THIRD BANCORP COM 316773100 30,321 1,083,652 SH   SOLE   710,762 0 372,890
FIRST HORIZON NATL CORP COM 320517105 23,431 1,223,545 SH   SOLE   832,512 0 391,033
FIRST MERCHANTS CORP COM 320817109 16,125 375,619 SH   SOLE   255,971 0 119,648
FIRST MIDWEST BANCORP DEL COM 320867104 18,324 782,416 SH   SOLE   526,181 0 256,235
FLIR SYS INC COM 302445101 39,051 1,003,623 SH   SOLE   697,551 0 306,072
FLOWERS FOODS INC COM 343498101 35,933 1,910,316 SH   SOLE   1,301,877 0 608,439
FNB CORP PA COM 302520101 57,745 4,115,811 SH   SOLE   2,871,313 0 1,244,498
FORD MTR CO DEL COM PAR $0.01 345370860 25,885 2,162,512 SH   SOLE   1,327,042 0 835,470
FORWARD AIR CORP COM 349853101 21,935 383,285 SH   SOLE   261,819 0 121,466
GALLAGHER ARTHUR J & CO COM 363576109 2,513 40,832 SH   SOLE   26,672 0 14,160
GASTAR EXPL INC NEW COM 36729W202 652 741,086 SH   SOLE   741,086 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 39,136 2,076,157 SH   SOLE   1,610,973 0 465,184
GENERAL ELECTRIC CO COM 369604103 33,623 1,390,536 SH   SOLE   874,722 0 515,814
GENERAL MTRS CO COM 37045V100 20,174 499,613 SH   SOLE   340,543 0 159,070
GENUINE PARTS CO COM 372460105 24,008 250,999 SH   SOLE   167,009 0 83,990
GOLDMAN SACHS GROUP INC COM 38141G104 237 1,000 SH   SOLE   1,000 0 0
GRACE W R & CO DEL NEW COM 38388F108 1,704 23,620 SH   SOLE   23,620 0 0
GRAHAM CORP COM 384556106 3,267 156,863 SH   SOLE   156,863 0 0
GRANITE CONSTR INC COM 387328107 4,182 72,158 SH   SOLE   48,446 0 23,712
HANCOCK HLDG CO COM 410120109 1,299 26,801 SH   SOLE   26,801 0 0
HANOVER INS GROUP INC COM 410867105 19,303 199,141 SH   SOLE   133,686 0 65,455
HAYNES INTERNATIONAL INC COM NEW 420877201 3,222 89,721 SH   SOLE   89,721 0 0
HEALTHSOUTH CORP COM NEW 421924309 24,672 532,299 SH   SOLE   362,225 0 170,074
HELMERICH & PAYNE INC COM 423452101 25,348 486,434 SH   SOLE   329,264 0 157,170
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 162 17,000 SH   SOLE   17,000 0 0
HNI CORP COM 404251100 22,484 542,165 SH   SOLE   375,432 0 166,733
HONEYWELL INTL INC COM 438516106 26,090 184,071 SH   SOLE   126,891 0 57,180
HOPFED BANCORP INC COM 439734104 6,950 479,286 SH   SOLE   479,286 0 0
HORACE MANN EDUCATORS CORP N COM 440327104 14,014 356,136 SH   SOLE   243,097 0 113,039
HORIZON BANCORP IND COM 440407104 2,005 68,744 SH   SOLE   68,744 0 0
HOST HOTELS & RESORTS INC COM 44107P104 28,520 1,542,436 SH   SOLE   1,082,675 0 459,761
HUNTSMAN CORP COM 447011107 18,134 661,338 SH   SOLE   447,631 0 213,707
HURCO COMPANIES INC COM 447324104 8,574 206,114 SH   SOLE   206,114 0 0
IBERIABANK CORP COM 450828108 55,644 677,343 SH   SOLE   469,645 0 207,698
ICICI BK LTD ADR 45104G104 2,828 330,346 SH   SOLE   231,396 0 98,950
INDEPENDENT BANK CORP MICH COM NEW 453838609 7,381 325,853 SH   SOLE   325,853 0 0
INNOPHOS HOLDINGS INC COM 45774N108 10,358 210,571 SH   SOLE   210,571 0 0
INTEL CORP COM 458140100 37,696 989,904 SH   SOLE   674,629 0 315,275
INTERFACE INC COM 458665304 30,681 1,400,976 SH   SOLE   976,728 0 424,248
INTERNATIONAL BUSINESS MACHS COM 459200101 26,399 181,959 SH   SOLE   113,829 0 68,130
INTL PAPER CO COM 460146103 28,748 505,957 SH   SOLE   344,507 0 161,450
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 1,413 103,120 SH   SOLE   103,120 0 0
ITT INC COM 45073V108 51,286 1,158,473 SH   SOLE   789,273 0 369,200
JOHNSON & JOHNSON COM 478160104 20,381 156,763 SH   SOLE   107,473 0 49,290
JOHNSON CTLS INTL PLC SHS G51502105 26,896 667,567 SH   SOLE   504,781 0 162,786
JPMORGAN CHASE & CO COM 46625H100 36,197 378,987 SH   SOLE   249,075 0 129,912
KANSAS CITY SOUTHERN COM NEW 485170302 3,070 28,250 SH   SOLE   28,250 0 0
KBR INC COM 48242W106 69,776 3,902,443 SH   SOLE   2,706,548 0 1,195,895
KFORCE INC COM 493732101 15,098 747,427 SH   SOLE   747,427 0 0
KLA-TENCOR CORP COM 482480100 12,423 117,201 SH   SOLE   80,051 0 37,150
KNOLL INC COM NEW 498904200 5,663 283,160 SH   SOLE   283,160 0 0
LSI INDS INC COM 50216C108 8,631 1,305,743 SH   SOLE   1,305,743 0 0
LUXFER HLDGS PLC SPONSORED ADR 550678106 18,818 1,511,468 SH   SOLE   1,511,468 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 15,008 151,517 SH   SOLE   125,497 0 26,020
M & T BK CORP COM 55261F104 13,823 85,838 SH   SOLE   58,128 0 27,710
MARATHON OIL CORP COM 565849106 1,988 146,580 SH   SOLE   146,580 0 0
MBIA INC COM 55262C100 444 51,000 SH   SOLE   51,000 0 0
MCGRATH RENTCORP COM 580589109 44,200 1,010,284 SH   SOLE   754,916 0 255,368
MERCK & CO INC COM 58933Y105 41,784 652,565 SH   SOLE   430,295 0 222,270
METLIFE INC COM 59156R108 22,982 442,380 SH   SOLE   290,540 0 151,840
MIDSOUTH BANCORP INC COM 598039105 3,489 289,563 SH   SOLE   289,563 0 0
MILLER HERMAN INC COM 600544100 1,608 44,801 SH   SOLE   44,801 0 0
MOBILE MINI INC COM 60740F105 32,322 938,224 SH   SOLE   629,905 0 308,319
MOELIS & CO CL A 60786M105 16,656 386,907 SH   SOLE   263,131 0 123,776
MORGAN STANLEY COM NEW 617446448 16,785 348,456 SH   SOLE   237,766 0 110,690
MOSAIC CO NEW COM 61945C103 12,587 583,003 SH   SOLE   392,567 0 190,436
MOVADO GROUP INC COM 624580106 12,268 438,144 SH   SOLE   438,144 0 0
MTS SYS CORP COM 553777103 5,596 104,697 SH   SOLE   104,697 0 0
MURPHY OIL CORP COM 626717102 36,750 1,383,674 SH   SOLE   971,543 0 412,131
NABORS INDUSTRIES LTD SHS G6359F103 13,954 1,729,170 SH   SOLE   1,160,388 0 568,782
NATIONAL BK HLDGS CORP CL A 633707104 1,361 38,124 SH   SOLE   38,124 0 0
NATIONAL FUEL GAS CO N J COM 636180101 22,825 403,193 SH   SOLE   276,768 0 126,425
NETEASE INC SPONSORED ADR 64110w102 2,976 11,280 SH   SOLE   8,510 0 2,770
NEW YORK CMNTY BANCORP INC COM 649445103 21,306 1,652,875 SH   SOLE   1,143,375 0 509,500
NEWFIELD EXPL CO COM 651290108 475 16,000 SH   SOLE   16,000 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 22,069 354,239 SH   SOLE   237,830 0 116,409
NEXTDECADE CORP COM 65342K105 258 25,547 SH   SOLE   25,547 0 0
NEXTERA ENERGY INC COM 65339F101 31,317 213,693 SH   SOLE   145,413 0 68,280
NORFOLK SOUTHERN CORP COM 655844108 21,354 161,477 SH   SOLE   105,797 0 55,680
NUCOR CORP COM 670346105 25,999 463,936 SH   SOLE   317,096 0 146,840
OCCIDENTAL PETE CORP DEL COM 674599105 43,433 676,425 SH   SOLE   457,013 0 219,412
OCEANEERING INTL INC COM 675232102 19,543 743,920 SH   SOLE   520,286 0 223,634
OLD NATL BANCORP IND COM 680033107 32,524 1,777,275 SH   SOLE   1,257,499 0 519,776
OLIN CORP COM PAR $1 680665205 16,273 475,112 SH   SOLE   323,842 0 151,270
OM ASSET MGMT PLC SHS G67506108 32,736 2,194,088 SH   SOLE   1,530,726 0 663,362
ORBITAL ATK INC COM 68557N103 221 1,660 SH   SOLE   1,660 0 0
ORRSTOWN FINL SVCS INC COM 687380105 7,607 305,491 SH   SOLE   305,491 0 0
OUTFRONT MEDIA INC COM 69007J106 76,118 3,022,935 SH   SOLE   2,036,957 0 985,978
OXFORD INDS INC COM 691497309 2,014 31,693 SH   SOLE   31,693 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 3,297 122,345 SH   SOLE   122,345 0 0
PARK OHIO HLDGS CORP COM 700666100 7,869 172,575 SH   SOLE   172,575 0 0
PARK STERLING CORP COM 70086Y105 6,156 495,674 SH   SOLE   495,674 0 0
PARSLEY ENERGY INC CL A 701877102 382 14,500 SH   SOLE   14,500 0 0
PBF ENERGY INC CL A 69318G106 33,397 1,209,580 SH   SOLE   812,332 0 397,248
PENSKE AUTOMOTIVE GRP INC COM 70959W103 17,842 375,074 SH   SOLE   251,821 0 123,253
PENTAIR PLC SHS G7S00T104 31,514 463,716 SH   SOLE   373,868 0 89,848
PEOPLES BANCORP INC COM 709789101 7,751 230,739 SH   SOLE   230,739 0 0
PFIZER INC COM 717081103 26,205 734,031 SH   SOLE   493,231 0 240,800
PHILIP MORRIS INTL INC COM 718172109 17,730 159,711 SH   SOLE   103,871 0 55,840
PINNACLE WEST CAP CORP COM 723484101 16,156 191,063 SH   SOLE   132,991 0 58,072
PNC FINL SVCS GROUP INC COM 693475105 24,113 178,921 SH   SOLE   120,567 0 58,354
POLYONE CORP COM 73179P106 46,391 1,158,907 SH   SOLE   791,464 0 367,443
POTLATCH CORP NEW COM 737630103 1,673 32,795 SH   SOLE   32,795 0 0
PRAXAIR INC COM 74005P104 29,028 207,727 SH   SOLE   139,227 0 68,500
PROSPERITY BANCSHARES INC COM 743606105 45,020 684,927 SH   SOLE   475,999 0 208,928
PRUDENTIAL FINL INC COM 744320102 33,735 317,299 SH   SOLE   210,879 0 106,420
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 9,171 842,134 SH   SOLE   842,134 0 0
QUALCOMM INC COM 747525103 26,515 511,471 SH   SOLE   338,751 0 172,720
RAYONIER INC COM 754907103 33,634 1,164,209 SH   SOLE   792,850 0 371,359
REGAL BELOIT CORP COM 758750103 1,001 12,665 SH   SOLE   12,665 0 0
RESOLUTE ENERGY CORP COM NEW 76116A306 416 14,000 SH   SOLE   14,000 0 0
RESOURCES CONNECTION INC COM 76122Q105 3,761 270,592 SH   SOLE   270,592 0 0
RETAIL OPPORTUNITY INVTS COR COM 76131N101 36,145 1,901,346 SH   SOLE   1,297,704 0 603,642
RING ENERGY INC COM 76680V108 1,724 119,000 SH   SOLE   119,000 0 0
RIVERVIEW BANCORP INC COM 769397100 10,984 1,307,641 SH   SOLE   1,307,641 0 0
RLJ LODGING TR COM 74965L101 26,400 1,199,990 SH   SOLE   814,698 0 385,292
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 17,718 292,467 SH   SOLE   232,471 0 59,996
RYDER SYS INC COM 783549108 38,183 451,607 SH   SOLE   316,647 0 134,960
SCHLUMBERGER LTD COM 806857108 33,259 476,762 SH   SOLE   360,779 0 115,983
SI FINL GROUP INC MD COM 78425V104 2,469 165,134 SH   SOLE   165,134 0 0
SILGAN HOLDINGS INC COM 827048109 25,318 860,288 SH   SOLE   557,071 0 303,217
SIMPSON MANUFACTURING CO INC COM 829073105 21,416 436,698 SH   SOLE   290,737 0 145,961
SMUCKER J M CO COM NEW 832696405 25,581 243,794 SH   SOLE   172,674 0 71,120
SNYDERS-LANCE INC COM 833551104 518 13,580 SH   SOLE   13,580 0 0
SOUTHWEST BANCORP INC OKLA COM 844767103 4,939 179,279 SH   SOLE   179,279 0 0
STATE AUTO FINL CORP COM 855707105 11,288 430,341 SH   SOLE   297,615 0 132,726
STONECASTLE FINL CORP COM 861780104 1,473 71,378 SH   SOLE   71,378 0 0
STURM RUGER & CO INC COM 864159108 4,797 92,777 SH   SOLE   92,777 0 0
SUN HYDRAULICS CORP COM 866942105 2,017 37,356 SH   SOLE   37,356 0 0
SUNTRUST BKS INC COM 867914103 21,426 358,471 SH   SOLE   244,265 0 114,206
SYNALLOY CP DEL COM 871565107 5,634 450,731 SH   SOLE   450,731 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 4,607 122,682 SH   SOLE   122,682 0 0
TCF FINL CORP COM 872275102 21,724 1,274,875 SH   SOLE   857,160 0 417,715
TELEFONICA BRASIL SA SPONSORED ADR 87936r106 1,806 114,010 SH   SOLE   114,010 0 0
TENARIS S A SPONSORED ADR 88031M109 1,969 69,540 SH   SOLE   69,540 0 0
TERNIUM SA SPON ADR 880890108 1,320 42,680 SH   SOLE   42,680 0 0
TESSCO TECHNOLOGIES INC COM 872386107 9,872 792,932 SH   SOLE   792,932 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 1,455 3,600 SH   SOLE   3,600 0 0
TIER REIT INC COM NEW 88650V208 4,147 214,896 SH   SOLE   214,896 0 0
TIMKEN CO COM 887389104 16,581 341,518 SH   SOLE   233,088 0 108,430
TOWER INTL INC COM 891826109 2,956 108,660 SH   SOLE   108,660 0 0
TRAVELERS COMPANIES INC COM 89417E109 35,069 286,233 SH   SOLE   191,143 0 95,090
TRICO BANCSHARES COM 896095106 11,770 288,826 SH   SOLE   288,826 0 0
U S CONCRETE INC COM NEW 90333L201 229 3,000 SH   SOLE   3,000 0 0
U S SILICA HLDGS INC COM 90346E103 513 16,500 SH   SOLE   16,500 0 0
UMB FINL CORP COM 902788108 27,175 364,815 SH   SOLE   253,145 0 111,670
UMPQUA HLDGS CORP COM 904214103 31,059 1,591,936 SH   SOLE   1,070,215 0 521,721
UNION PAC CORP COM 907818108 25,549 220,310 SH   SOLE   150,140 0 70,170
UNITED CMNTY FINL CORP OHIO COM 909839102 8,286 863,161 SH   SOLE   863,161 0 0
UNITED FINL BANCORP INC NEW COM 910304104 8,229 449,919 SH   SOLE   449,919 0 0
UNITED PARCEL SERVICE INC CL B 911312106 42,000 349,737 SH   SOLE   227,887 0 121,850
UNITED STATES OIL FUND LP UNITS 91232N108 2,191 210,100 SH Call SOLE   2,101 0 207,999
UNITED TECHNOLOGIES CORP COM 913017109 19,614 168,967 SH   SOLE   137,207 0 31,760
UNIVERSAL LOGISTICS HLDGS IN COM 91388P105 9,408 460,032 SH   SOLE   460,032 0 0
UNIVEST CORP PA COM 915271100 3,548 110,880 SH   SOLE   110,880 0 0
US BANCORP DEL COM NEW 902973304 20,275 378,330 SH   SOLE   257,700 0 120,630
V F CORP COM 918204108 25,780 405,533 SH   SOLE   274,251 0 131,282
VEON LTD SPONSORED ADR 91822M106 2,166 518,180 SH   SOLE   331,980 0 186,200
VILLAGE SUPER MKT INC CL A NEW 927107409 2,649 107,067 SH   SOLE   107,067 0 0
WAL-MART STORES INC COM 931142103 27,538 352,417 SH   SOLE   236,496 0 115,921
WELLS FARGO CO NEW COM 949746101 41,149 746,135 SH   SOLE   508,765 0 237,370
WESBANCO INC COM 950810101 25,955 632,741 SH   SOLE   440,881 0 191,860
WESTAMERICA BANCORPORATION COM 957090103 32,429 544,664 SH   SOLE   366,030 0 178,634
WESTERN DIGITAL CORP COM 958102105 1,050 12,150 SH   SOLE   12,150 0 0
WESTERN NEW ENG BANCORP INC COM 958892101 5,801 532,162 SH   SOLE   532,162 0 0
WESTWOOD HLDGS GROUP INC COM 961765104 6,719 99,887 SH   SOLE   99,887 0 0
WEYCO GROUP INC COM 962149100 3,330 117,350 SH   SOLE   117,350 0 0
XPERI CORP COM 98421B100 67,668 2,674,608 SH   SOLE   1,968,601 0 706,007
YRC WORLDWIDE INC COM PAR $.01 984249607 317 23,000 SH   SOLE   23,000 0 0