0001172661-12-001171.txt : 20121114
0001172661-12-001171.hdr.sgml : 20121114
20121114130229
ACCESSION NUMBER: 0001172661-12-001171
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120930
FILED AS OF DATE: 20121114
DATE AS OF CHANGE: 20121114
EFFECTIVENESS DATE: 20121114
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: DEPRINCE RACE & ZOLLO INC
CENTRAL INDEX KEY: 0001008894
IRS NUMBER: 593299598
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-05268
FILM NUMBER: 121202727
BUSINESS ADDRESS:
STREET 1: 250 PARK AVENUE SOUTH
STREET 2: SUITE 250
CITY: WINTER PARK
STATE: FL
ZIP: 32789
BUSINESS PHONE: 4074209903
MAIL ADDRESS:
STREET 1: 250 PARK AVENUE SOUTH
STREET 2: SUITE 250
CITY: WINTER PARK
STATE: FL
ZIP: 32789
13F-HR
1
drz3q12.txt
FORM 13F HOLDINGS REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2012
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: DePrince Race & Zollo, Inc
Address: 250 Park Avenue South
Suite 250
Winter Park, FL 32789
13F File Number: 028-05268
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Angela A. Johnston
Title: Chief Financial Officer and Chief Compliance Officer
Phone: 407-420-9903
Signature, Place, and Date of Signing:
/s/ Angela A. Johnston Winter Park, FL/USA November 14, 2012
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 295
Form 13F Information Table Value Total: $5,275,223 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
AAON INC COM PAR $0.004 000360206 8353 424230 SH SOLE 385855 0 38375
ABBOTT LABS COM 002824100 37166 542091 SH SOLE 214650 0 327441
ABERCROMBIE & FITCH CO CL A 002896207 63986 1886372 SH SOLE 801872 0 1084500
ABM INDS INC COM 000957100 8712 460240 SH SOLE 391700 0 68540
ADTRAN INC COM 00738A106 9008 521290 SH SOLE 444860 0 76430
AERCAP HOLDINGS NV SHS N00985106 6554 524305 SH SOLE 74830 0 449475
AEROPOSTALE COM 007865108 4704 347700 SH SOLE 0 0 347700
AIR PRODS & CHEMS INC COM 009158106 34039 411600 SH SOLE 178200 0 233400
ALLIANCE BANCORP INC PA NEW COM 01890a108 5976 481946 SH SOLE 434588 0 47358
AMCOL INTL CORP COM 02341W103 15914 469722 SH SOLE 402102 0 67620
AMERICAN AXLE & MFG HLDGS IN COM 024061103 2677 237500 SH SOLE 0 0 237500
AMERICAN INTL GROUP INC COM NEW 026874784 4263 130000 SH SOLE 0 0 130000
AMERICAN NATL BANKSHARES INC COM 027745108 3650 161589 SH SOLE 145925 0 15664
AMPCO-PITTSBURGH CORP COM 032037103 6606 358037 SH SOLE 323037 0 35000
ANDERSONS INC COM 034164103 19651 521789 SH SOLE 400215 0 121574
ANWORTH MORTGAGE ASSET CP COM 037347101 15984 2350520 SH SOLE 2022410 0 328110
APOLLO RESIDENTIAL MTG INC COM 03763V102 7993 362675 SH SOLE 26540 0 336135
APPLE INC COM 037833100 12662 18980 SH SOLE 3580 0 15400
APPLIED MATLS INC COM 038222105 47467 4251447 SH SOLE 1880240 0 2371207
ARCH COAL INC COM 039380100 24685 3899750 SH SOLE 1710450 0 2189300
ARCHER DANIELS MIDLAND CO COM 039483102 32240 1186178 SH SOLE 523550 0 662628
ARKANSAS BEST CORP DEL COM 040790107 9055 1141842 SH SOLE 1037342 0 104500
ARLINGTON ASSET INVT CORP CL A NEW 041356205 1796 75272 SH SOLE 0 0 75272
ASCENA RETAIL GROUP INC COM 04351G101 2709 126300 SH SOLE 0 0 126300
ASTORIA FINL CORP COM 046265104 6271 634670 SH SOLE 544530 0 90140
ATLAS AIR WORLDWIDE HLDGS IN COM NEW 049164205 5195 100626 SH SOLE 0 0 100626
BANCO SANTANDER BRASIL S A ADS REP 1 UNIT 05967A107 3202 434500 SH SOLE 71500 0 363000
BANK OF AMERICA CORPORATION COM 060505104 9456 1070850 SH SOLE 67100 0 1003750
BANK OF NEW YORK MELLON CORP COM 064058100 52321 2313022 SH SOLE 987650 0 1325372
BAXTER INTL INC COM 071813109 52269 867255 SH SOLE 374300 0 492955
BB&T CORP COM 054937107 56238 1695958 SH SOLE 732800 0 963158
BEBE STORES INC COM 075571109 7737 1611890 SH SOLE 1464100 0 147790
BEL FUSE INC CL B 077347300 8031 429947 SH SOLE 387786 0 42161
BEMIS INC COM 081437105 36059 1145833 SH SOLE 493400 0 652433
BERKSHIRE HILLS BANCORP INC COM 084680107 7338 320701 SH SOLE 290679 0 30022
BLACK HILLS CORP COM 092113109 17596 494677 SH SOLE 425607 0 69070
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 3504 245350 SH SOLE 0 0 245350
BOLT TECHNOLOGY CORP COM 097698104 5127 356533 SH SOLE 323213 0 33320
BOX SHIPS INCORPORATED SHS Y09675102 3587 602813 SH SOLE 63985 0 538828
BRADY CORP CL A 104674106 16171 552285 SH SOLE 473205 0 79080
BRIGGS & STRATTON CORP COM 109043109 10555 565321 SH SOLE 484197 0 81124
BRISTOW GROUP INC COM 110394103 22958 454155 SH SOLE 390907 0 63248
BRITISH AMERN TOB PLC SPONSORED ADR 110448107 520 5069 SH SOLE 5069 0 0
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 448 32040 SH SOLE 32040 0 0
BROOKLINE BANCORP INC DEL COM 11373m107 14244 1614971 SH SOLE 1391706 0 223265
BROOKS AUTOMATION INC COM 114340102 15799 1966252 SH SOLE 1645897 0 320355
BUNGE LIMITED COM G16962105 6690 99780 SH SOLE 12880 0 86900
C D I CORP COM 125071100 6001 352404 SH SOLE 318934 0 33470
C&J ENERGY SVCS INC COM 12467B304 2330 117065 SH SOLE 50265 0 66800
CALAMOS ASSET MGMT INC CL A 12811R104 9274 796765 SH SOLE 722503 0 74262
CAPITAL ONE FINL CORP COM 14040H105 8902 156150 SH SOLE 25230 0 130920
CAPITOL FED FINL INC COM 14057j101 20744 1734412 SH SOLE 1466731 0 267681
CAPLEASE INC COM 140288101 3067 593270 SH SOLE 539310 0 53960
CARBO CERAMICS INC COM 140781105 17205 273448 SH SOLE 235232 0 38216
CHEROKEE INC DEL NEW COM 16444H102 16616 1141225 SH SOLE 1039664 0 101561
CISCO SYS INC COM 17275R102 67810 3551200 SH SOLE 1537200 0 2014000
CITIGROUP INC *W EXP 01/04/201 172967226 899 2430600 SH SOLE 0 0 2430600
CITIGROUP INC UNIT 99/99/9999 172967416 2900 29900 SH SOLE 0 0 29900
CLIFTON SVGS BANCORP INC COM 18712Q103 7541 685577 SH SOLE 617427 0 68150
CLOROX CO DEL COM 189054109 37225 516660 SH SOLE 208790 0 307870
COHU INC COM 192576106 21191 2256780 SH SOLE 1990945 0 265835
COLUMBIA SPORTSWEAR CO COM 198516106 17221 319566 SH SOLE 273755 0 45811
COMFORT SYS USA INC COM 199908104 12611 1153837 SH SOLE 1047352 0 106485
COMMUNICATIONS SYS INC COM 203900105 3459 306653 SH SOLE 277553 0 29100
CON-WAY INC COM 205944101 4025 147045 SH SOLE 124165 0 22880
COSTAMARE INC SHS Y1771G102 1495 97161 SH SOLE 0 0 97161
CRH PLC ADR 12626K203 1654 86126 SH SOLE 65026 0 21100
CSS INDS INC COM 125906107 5543 269720 SH SOLE 243360 0 26360
CTS CORP COM 126501105 10010 994083 SH SOLE 896715 0 97368
CULLEN FROST BANKERS INC COM 229899109 31968 556640 SH SOLE 242650 0 313990
CURTISS WRIGHT CORP COM 231561101 11192 342272 SH SOLE 294537 0 47735
DAKTRONICS INC COM 234264109 8995 945886 SH SOLE 853141 0 92745
DANA HLDG CORP COM 235825205 3197 259945 SH SOLE 0 0 259945
DANAOS CORPORATION SHS Y1968P105 11274 3534222 SH SOLE 346852 0 3187370
DEERE & CO COM 244199105 53217 645284 SH SOLE 283530 0 361754
DELTA AIR LINES INC DEL COM NEW 247361702 6513 711000 SH SOLE 89500 0 621500
DFC GLOBAL CORP COM 23324T107 1815 105843 SH SOLE 0 0 105843
DIME CMNTY BANCSHARES COM 253922108 8684 601398 SH SOLE 526736 0 74662
DONEGAL GROUP INC CL A 257701201 3026 215492 SH SOLE 194362 0 21130
DONNELLEY R R & SONS CO COM 257867101 24733 2333279 SH SOLE 995500 0 1337779
DOUGLAS DYNAMICS INC COM 25960r105 8027 542724 SH SOLE 489327 0 53397
DOVER CORP COM 260003108 73583 1236890 SH SOLE 538740 0 698150
DOW CHEM CO COM 260543103 35042 1210220 SH SOLE 533820 0 676400
DYNAMIC MATLS CORP COM 267888105 6492 432212 SH SOLE 385032 0 47180
EASTERN INS HLDGS INC COM 276534104 5296 315782 SH SOLE 284536 0 31246
EBAY INC COM 278642103 4814 99530 SH SOLE 18530 0 81000
EDGEN GROUP INC CL A 28014Q107 329 42500 SH SOLE 42500 0 0
EL PASO ELEC CO COM NEW 283677854 8572 250274 SH SOLE 214639 0 35635
ELECTRO SCIENTIFIC INDS COM 285229100 11044 903786 SH SOLE 821306 0 82480
ELLINGTON FINANCIAL LLC COM 288522303 7873 344997 SH SOLE 89960 0 255037
EMBRAER S A SP ADR REP 4 COM 29082A107 31090 1167930 SH SOLE 565030 0 602900
EMERSON ELEC CO COM 291011104 66823 1384350 SH SOLE 602050 0 782300
ENCANA CORP COM 292505104 37605 1715548 SH SOLE 779225 0 936323
ENNIS INC COM 293389102 2904 176986 SH SOLE 157656 0 19330
ESSA BANCORP INC COM 29667D104 4526 435589 SH SOLE 393149 0 42440
ETHAN ALLEN INTERIORS INC COM 297602104 12080 551086 SH SOLE 474506 0 76580
EVERCORE PARTNERS INC CLASS A 29977A105 21267 787657 SH SOLE 678161 0 109496
EXCEL TR INC COM 30068C109 5897 516411 SH SOLE 465901 0 50510
EXCO RESOURCES INC COM 269279402 21778 2718885 SH SOLE 2320145 0 398740
EXXON MOBIL CORP COM 30231g102 62399 682324 SH SOLE 288960 0 393364
FBR & CO COM 30247C301 3392 1097587 SH SOLE 170293 0 927294
FIRST DEFIANCE FINL CORP COM 32006W106 1120 64866 SH SOLE 57796 0 7070
FIRST FINL BANCORP OH COM 320209109 9051 535269 SH SOLE 459657 0 75612
FLUSHING FINL CORP COM 343873105 7213 456520 SH SOLE 411860 0 44660
FORD MTR CO DEL *W EXP 01/01/201 345370134 350 339850 SH SOLE 0 0 339850
FORD MTR CO DEL COM PAR $0.01 345370860 60963 6182900 SH SOLE 2682400 0 3500500
FORTRESS INVESTMENT GROUP LL CL A 34958B106 7487 1693780 SH SOLE 0 0 1693780
FREDS INC CL A 356108100 4577 321390 SH SOLE 271031 0 50359
FREEPORT-MCMORAN COPPER & GO COM 35671D857 45531 1150360 SH SOLE 510940 0 639420
FRESH DEL MONTE PRODUCE INC ORD G36738105 19220 750782 SH SOLE 647116 0 103666
FRIEDMAN INDS INC COM 358435105 221 21582 SH SOLE 19232 0 2350
FULL HOUSE RESORTS INC COM 359678109 1766 470897 SH SOLE 0 0 470897
FX ENERGY INC COM 302695101 204 27427 SH SOLE 27427 0 0
GAFISA S A SPONS ADR 362607301 1525 349000 SH SOLE 79000 0 270000
GENERAL DYNAMICS CORP COM 369550108 32651 493821 SH SOLE 223950 0 269871
GENERAL ELECTRIC CO COM 369604103 21851 962162 SH SOLE 354918 0 607244
GENERAL MTRS CO *W EXP 07/10/201 37045V126 8554 1035549 SH SOLE 141290 0 894259
GENWORTH FINL INC COM CL A 37247D106 5084 972000 SH SOLE 67000 0 905000
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 9534 515627 SH SOLE 467977 0 47650
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 16702 4897982 SH SOLE 450057 0 4447925
GLOBE SPECIALTY METALS INC COM 37954N206 22404 1472011 SH SOLE 1267191 0 204820
GOLAR LNG LTD BERMUDA SHS G9456A100 2404 62300 SH SOLE 17300 0 45000
GREAT LAKES DREDGE & DOCK CO COM 390607109 8416 1092988 SH SOLE 995953 0 97035
GREENBRIER COS INC COM 393657101 861 53362 SH SOLE 53362 0 0
GREENHILL & CO INC COM 395259104 14078 272042 SH SOLE 233997 0 38045
GUESS INC COM 401617105 72903 2867955 SH SOLE 1526771 0 1341184
GULF ISLAND FABRICATION INC COM 402307102 10208 366262 SH SOLE 332857 0 33405
HANESBRANDS INC COM 410345102 2461 77200 SH SOLE 0 0 77200
HANOVER INS GROUP INC COM 410867105 12187 327077 SH SOLE 278670 0 48407
HARSCO CORP COM 415864107 56807 2767043 SH SOLE 1512209 0 1254834
HARTFORD FINL SVCS GROUP INC COM 416515104 2916 150000 SH SOLE 0 0 150000
HAYNES INTERNATIONAL INC COM NEW 420877201 9726 186504 SH SOLE 158429 0 28075
HEIDRICK & STRUGGLES INTL IN COM 422819102 2138 167829 SH SOLE 150475 0 17354
HERCULES TECH GROWTH CAP INC COM 427096508 23859 2166998 SH SOLE 1884627 0 282371
HF FINL CORP COM 404172108 4237 345907 SH SOLE 317119 0 28788
HILLENBRAND INC COM 431571108 11095 609928 SH SOLE 520049 0 89879
HOMETRUST BANCSHARES INC COM 437872104 4094 309000 SH SOLE 278710 0 30290
HOUSTON WIRE & CABLE CO COM 44244K109 10314 958544 SH SOLE 874724 0 83820
HUNTSMAN CORP COM 447011107 54461 3647769 SH SOLE 1587595 0 2060174
IBERIABANK CORP COM 450828108 18566 405373 SH SOLE 348178 0 57195
ICICI BK LTD ADR 45104G104 230 5720 SH SOLE 0 0 5720
INFINITY PPTY & CAS CORP COM 45665Q103 16838 278821 SH SOLE 239955 0 38866
INSTEEL INDUSTRIES INC COM 45774W108 10241 873103 SH SOLE 793483 0 79620
INTERNATIONAL GAME TECHNOLOG COM 459902102 8601 657090 SH SOLE 92090 0 565000
INTERSIL CORP CL A 46069S109 21573 2468359 SH SOLE 2124639 0 343720
JAKKS PAC INC COM 47012E106 9567 656615 SH SOLE 596498 0 60117
JETBLUE AIRWAYS CORP COM 477143101 1774 370000 SH SOLE 0 0 370000
JMP GROUP INC COM 46629U107 8541 1555723 SH SOLE 1402891 0 152832
JOHN BEAN TECHNOLOGIES CORP COM 477839104 9245 566159 SH SOLE 510549 0 55610
JOHNSON & JOHNSON COM 478160104 52853 766987 SH SOLE 344946 0 422041
JOHNSON CTLS INC COM 478366107 66782 2437300 SH SOLE 1052950 0 1384350
JONES GROUP INC COM 48020t101 11099 862421 SH SOLE 590074 0 272347
JPMORGAN CHASE & CO COM 46625h100 75826 1873160 SH SOLE 768260 0 1104900
KAISER ALUMINUM CORP COM PAR $0.01 483007704 10198 174660 SH SOLE 148620 0 26040
KAYDON CORP COM 486587108 16278 728659 SH SOLE 625139 0 103520
KBW INC COM 482423100 26589 1614409 SH SOLE 1392839 0 221570
KELLOGG CO COM 487836108 49819 964363 SH SOLE 396900 0 567463
KEYCORP NEW COM 493267108 35350 4044670 SH SOLE 1755197 0 2289473
KNIGHT TRANSN INC COM 499064103 28373 1984091 SH SOLE 1713846 0 270245
KNOLL INC COM NEW 498904200 16452 1179357 SH SOLE 1009542 0 169815
KODIAK OIL & GAS CORP COM 50015Q100 1170 125000 SH SOLE 0 0 125000
KOHLS CORP COM 500255104 43479 848865 SH SOLE 372465 0 476400
KONINKLIJKE PHILIPS ELECTRS NY REG SH NEW 500472303 62096 2648017 SH SOLE 1231900 0 1416117
KOPPERS HOLDINGS INC COM 50060P106 6089 174316 SH SOLE 152136 0 22180
LAKE SHORE BANCORP INC COM 510700107 168 16135 SH SOLE 14355 0 1780
LAS VEGAS SANDS CORP COM 517834107 5935 128000 SH SOLE 0 0 128000
LATTICE SEMICONDUCTOR CORP COM 518415104 580 151000 SH SOLE 151000 0 0
LAWSON PRODS INC COM 520776105 7789 1125536 SH SOLE 1018454 0 107082
LEAR CORP COM NEW 521865204 3779 100000 SH SOLE 0 0 100000
LINEAR TECHNOLOGY CORP COM 535678106 46672 1466738 SH SOLE 639760 0 826978
LSI INDS INC COM 50216C108 8225 1220370 SH SOLE 1100880 0 119490
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 697 13500 SH SOLE 13500 0 0
MANNING & NAPIER INC CL A 56382Q102 11208 919462 SH SOLE 787715 0 131747
MARATHON OIL CORP COM 565849106 66767 2257920 SH SOLE 984920 0 1273000
MARATHON PETE CORP COM 56585A102 63090 1155715 SH SOLE 508779 0 646936
MARCUS CORP COM 566330106 832 74923 SH SOLE 66773 0 8150
MARINE PRODS CORP COM 568427108 5969 1001552 SH SOLE 908682 0 92870
MARTIN MARIETTA MATLS INC COM 573284106 3713 44800 SH SOLE 19350 0 25450
MCGRATH RENTCORP COM 580589109 2439 93480 SH SOLE 78918 0 14562
MEDICAL PPTYS TRUST INC COM 58463J304 11487 1099206 SH SOLE 910423 0 188783
MEDTRONIC INC COM 585055106 43272 1003516 SH SOLE 443300 0 560216
MENS WEARHOUSE INC COM 587118100 16804 488071 SH SOLE 420081 0 67990
MERCURY GENL CORP NEW COM 589400100 26209 678118 SH SOLE 291735 0 386383
MERIDIAN BIOSCIENCE INC COM 589584101 19476 1015450 SH SOLE 873491 0 141959
MET PRO CORP COM 590876306 9153 1022683 SH SOLE 925389 0 97294
METHODE ELECTRS INC COM 591520200 25572 2633595 SH SOLE 2182739 0 450856
METLIFE INC COM 59156R108 33667 977000 SH SOLE 424400 0 552600
MFA FINANCIAL INC COM 55272X102 5984 704000 SH SOLE 129000 0 575000
MICREL INC COM 594793101 26706 2562970 SH SOLE 2205680 0 357290
MICROSOFT CORP COM 594918104 54807 1841649 SH SOLE 798997 0 1042652
MIDDLEBURG FINANCIAL CORP COM 596094102 4434 249634 SH SOLE 225154 0 24480
MIDDLESEX WATER CO COM 596680108 1892 98722 SH SOLE 87912 0 10810
MOLSON COORS BREWING CO CL B 60871R209 50247 1115365 SH SOLE 496715 0 618650
MORGAN STANLEY COM NEW 617446448 62432 3729488 SH SOLE 1496000 0 2233488
MULTI COLOR CORP COM 625383104 2789 120414 SH SOLE 110569 0 9845
MURPHY OIL CORP COM 626717102 77240 1438620 SH SOLE 662320 0 776300
NATIONAL FUEL GAS CO N J COM 636180101 39218 725730 SH SOLE 314850 0 410880
NATIONSTAR MTG HLDGS INC COM 63861C109 810 24400 SH SOLE 24400 0 0
NEWCASTLE INVT CORP COM 65105M108 3834 509112 SH SOLE 37200 0 471912
NEWMONT MINING CORP COM 651639106 4303 76810 SH SOLE 51640 0 25170
NEXTERA ENERGY INC COM 65339F101 31306 445129 SH SOLE 193850 0 251279
NORANDA ALUM HLDG CORP COM 65542W107 27977 4181948 SH SOLE 3626968 0 554980
NORFOLK SOUTHERN CORP COM 655844108 33929 533230 SH SOLE 236730 0 296500
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 2961 140200 SH SOLE 0 0 140200
NORTHERN TR CORP COM 665859104 55027 1185544 SH SOLE 516290 0 669254
NORTHSTAR RLTY FIN CORP COM 66704R100 3191 501772 SH SOLE 0 0 501772
NUCOR CORP COM 670346105 49664 1298064 SH SOLE 560130 0 737934
OCZ TECHNOLOGY GROUP INC COM 67086E303 468 135000 SH SOLE 135000 0 0
PACIFIC CONTINENTAL CORP COM 69412V108 4527 506890 SH SOLE 457570 0 49320
PANHANDLE OIL AND GAS INC CL A 698477106 1918 62530 SH SOLE 56505 0 6025
PARKER HANNIFIN CORP COM 701094104 61155 731700 SH SOLE 314800 0 416900
PENN WEST PETE LTD NEW COM 707887105 31087 2183085 SH SOLE 1004155 0 1178930
PENNYMAC MTG INVT TR COM 70931T103 2921 125000 SH SOLE 0 0 125000
PEOPLES FINL CORP MISS COM 71103B102 3271 394620 SH SOLE 355633 0 38987
PEOPLES UNITED FINANCIAL INC COM 712704105 24503 2018334 SH SOLE 876610 0 1141724
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 1856 84109 SH SOLE 54609 0 29500
PHILIP MORRIS INTL INC COM 718172109 1954 21721 SH SOLE 21721 0 0
PHILLIPS 66 COM 718546104 1596 34421 SH SOLE 34421 0 0
PILGRIMS PRIDE CORP NEW COM 72147K108 1808 353900 SH SOLE 0 0 353900
PITNEY BOWES INC COM 724479100 28477 2060561 SH SOLE 891950 0 1168611
PNC FINL SVCS GROUP INC COM 693475105 38703 613352 SH SOLE 268873 0 344479
POLYONE CORP COM 73179P106 8577 517604 SH SOLE 442428 0 75176
POTLATCH CORP NEW COM 737630103 25458 681238 SH SOLE 588328 0 92910
PRIMORIS SVCS CORP COM 74164f103 11262 862967 SH SOLE 741767 0 121200
PROVIDENT NEW YORK BANCORP COM 744028101 5843 620959 SH SOLE 560919 0 60040
PRUDENTIAL FINL INC COM 744320102 66562 1221100 SH SOLE 524950 0 696150
PSYCHEMEDICS CORP COM NEW 744375205 7837 649255 SH SOLE 585335 0 63920
PULSE ELECTRONICS CORP COM 74586w106 292 356691 SH SOLE 0 0 356691
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 4794 920142 SH SOLE 830015 0 90127
QUALCOMM INC COM 747525103 1562 25000 SH SOLE 25000 0 0
QUALITY SYS INC COM 747582104 9962 537625 SH SOLE 460765 0 76860
RAIT FINANCIAL TRUST COM NEW 749227609 5303 1010190 SH SOLE 97845 0 912345
REGAL ENTMT GROUP CL A 758766109 2613 185745 SH SOLE 0 0 185745
REGIS CORP MINN COM 758932107 10056 547114 SH SOLE 464684 0 82430
REPUBLIC SVCS INC COM 760759100 52477 1907547 SH SOLE 839960 0 1067587
RESOURCES CONNECTION INC COM 76122q105 21948 1669640 SH SOLE 1437189 0 232451
RICKS CABARET INTL INC COM NEW 765641303 595 71800 SH SOLE 71800 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 18396 956625 SH SOLE 822325 0 134300
ROCKWELL AUTOMATION INC COM 773903109 37803 543535 SH SOLE 242635 0 300900
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 25550 368100 SH SOLE 132800 0 235300
RYDER SYS INC COM 783549108 60207 1541400 SH SOLE 916905 0 624495
S Y BANCORP INC COM 785060104 4706 198916 SH SOLE 179479 0 19437
SAFEWAY INC COM NEW 786514208 31023 1928098 SH SOLE 842520 0 1085578
SANDERSON FARMS INC COM 800013104 5680 128033 SH SOLE 19690 0 108343
SANOFI SPONSORED ADR 80105n105 502 11660 SH SOLE 11660 0 0
SCHAWK INC CL A 806373106 1043 79918 SH SOLE 71208 0 8710
SCHNITZER STL INDS CL A 806882106 10801 383705 SH SOLE 324005 0 59700
SEACUBE CONTAINER LEASING LT SHS G79978105 10835 577848 SH SOLE 0 0 577848
SEALED AIR CORP NEW COM 81211K100 54121 3500708 SH SOLE 1562535 0 1938173
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 8386 344321 SH SOLE 310576 0 33745
SKYLINE CORP COM 830830105 4124 752748 SH SOLE 678982 0 73766
SKYWORKS SOLUTIONS INC COM 83088M102 1298 55100 SH SOLE 25100 0 30000
SLM CORP COM 78442P106 2933 186600 SH SOLE 0 0 186600
SMITHFIELD FOODS INC COM 832248108 6779 345000 SH SOLE 27000 0 318000
SOTHEBYS COM 835898107 17121 543535 SH SOLE 466395 0 77140
SPARTAN MTRS INC COM 846819100 5686 1137258 SH SOLE 1025613 0 111645
SPARTAN STORES INC COM 846822104 3844 251058 SH SOLE 227523 0 23535
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