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
ALLERGAN PLC SHS G0177J108 2,826 19,300 SH   SOLE   13,200 0 6,100
ARRIS INTERNATIONAL PLC SHS G0551A103 19,688 622,851 SH   SOLE   373,465 0 249,386
BRIGHTSPHERE INVESTMNT GRP P SHS G1644T109 2,038 150,263 SH   SOLE   92,865 0 57,398
ENSCO PLC SHS CLASS A G3157S106 4,948 1,259,119 SH   SOLE   999,238 0 259,881
GOLAR LNG LTD BERMUDA SHS G9456A100 8,648 410,073 SH   SOLE   319,120 0 90,953
TE CONNECTIVITY LTD REG SHS H84989104 3,714 45,995 SH   SOLE   32,895 0 13,100
NXP SEMICONDUCTORS N V COM N6596X109 20,187 228,381 SH   SOLE   152,781 0 75,600
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 30,423 2,356,529 SH   SOLE   1,834,865 0 521,664
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 1,902 97,270 SH   SOLE   60,842 0 36,428
TEEKAY TANKERS LTD CL A Y8565N102 7,667 7,903,412 SH   SOLE   6,758,980 0 1,144,432
AT&T INC COM 00206R102 4,628 147,589 SH   SOLE   69,687 0 77,902
ABBVIE INC COM 00287Y109 1,155 14,337 SH   SOLE   0 0 14,337
AMERICAN ELEC PWR CO INC COM 025537101 595 7,100 SH   SOLE   300 0 6,800
AMERICAN INTL GROUP INC COM NEW 026874784 2,417 56,125 SH   SOLE   33,800 0 22,325
ASTRAZENECA PLC SPONSORED ADR 046353108 449 11,100 SH   SOLE   0 0 11,100
ATLANTIC CAP BANCSHARES INC COM 048269203 2,577 144,509 SH   SOLE   99,938 0 44,571
BP PLC SPONSORED ADR 055622104 15,578 356,307 SH   SOLE   308,107 0 48,200
BANK AMER CORP COM 060505104 23,660 857,564 SH   SOLE   541,700 0 315,864
BLACK HILLS CORP COM 092113109 2,975 40,169 SH   SOLE   23,469 0 16,700
BRIGHTHOUSE FINL INC COM 10922N103 10,435 287,546 SH   SOLE   192,741 0 94,805
C & F FINL CORP COM 12466Q104 443 8,747 SH   SOLE   5,400 0 3,347
CNO FINL GROUP INC COM 12621E103 20,819 1,286,682 SH   SOLE   899,738 0 386,944
CSI COMPRESSCO LP COM UNIT 12637A103 1,629 573,665 SH   SOLE   573,665 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 901 62,415 SH   SOLE   38,798 0 23,617
CARPENTER TECHNOLOGY CORP COM 144285103 14,284 311,544 SH   SOLE   212,829 0 98,715
CARTER BK & TR MARTINSVILLE COM 146102108 743 38,717 SH   SOLE   27,817 0 10,900
CATCHMARK TIMBER TR INC CL A 14912Y202 2,454 249,879 SH   SOLE   200,948 0 48,931
CHESAPEAKE ENERGY CORP COM 165167107 35,590 11,480,523 SH   SOLE   8,329,672 0 3,150,851
CITIGROUP INC COM NEW 172967424 28,406 456,535 SH   SOLE   291,880 0 164,655
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 30,436 1,310,747 SH   SOLE   947,543 0 363,204
CONAGRA BRANDS INC COM 205887102 6,006 216,500 SH   SOLE   133,000 0 83,500
CONMED CORP COM 207410101 3,958 47,582 SH   SOLE   34,779 0 12,803
CONOCOPHILLIPS COM 20825C104 2,122 31,800 SH   SOLE   25,400 0 6,400
DXC TECHNOLOGY CO COM 23355L106 162 2,512 SH   SOLE   171 0 2,341
DEVON ENERGY CORP NEW COM 25179M103 805 25,500 SH   SOLE   25,500 0 0
ENOVA INTL INC COM 29357K103 8,522 373,427 SH   SOLE   266,959 0 106,468
ENTERGY CORP NEW COM 29364G103 17,302 180,928 SH   SOLE   134,528 0 46,400
EVERGY INC COM 30034W106 3,201 55,141 SH   SOLE   55,141 0 0
EXELON CORP COM 30161N101 27,818 554,912 SH   SOLE   382,112 0 172,800
EZCORP INC CL A NON VTG 302301106 5,897 632,681 SH   SOLE   454,126 0 178,555
FEDEX CORP COM 31428X106 18,885 104,099 SH   SOLE   66,399 0 37,700
FIRST BANCORP N C COM 318910106 2,119 60,952 SH   SOLE   36,669 0 24,283
FIRST CTZNS BANCSHARES INC N CL A 31946M103 10,787 26,491 SH   SOLE   18,264 0 8,227
FIRST HORIZON NATL CORP COM 320517105 11,701 836,997 SH   SOLE   597,923 0 239,074
FIRSTENERGY CORP COM 337932107 1,137 27,318 SH   SOLE   27,318 0 0
FLUOR CORP NEW COM 343412102 2,176 59,125 SH   SOLE   34,733 0 24,392
FLOWSERVE CORP COM 34354P105 415 9,200 SH   SOLE   0 0 9,200
FVCBANKCORP INC COM 36120Q101 56 3,300 SH   SOLE   1,500 0 1,800
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 12,558 300,500 SH   SOLE   193,200 0 107,300
GOLDMAN SACHS GROUP INC COM 38141G104 4,262 22,200 SH   SOLE   13,900 0 8,300
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 8,905 185,987 SH   SOLE   134,499 0 51,488
HP INC COM 40434L105 3,082 158,600 SH   SOLE   111,900 0 46,700
HANGER INC COM NEW 41043F208 4,789 251,381 SH   SOLE   192,610 0 58,771
HARSCO CORP COM 415864107 827 41,012 SH   SOLE   38,267 0 2,745
HEWLETT PACKARD ENTERPRISE C COM 42824C109 5,687 368,600 SH   SOLE   244,700 0 123,900
HIGHPOINT RES CORP COM 43114K108 11,188 5,062,357 SH   SOLE   3,460,158 0 1,602,199
HOME DEPOT INC COM 437076102 15,198 79,200 SH   SOLE   52,800 0 26,400
INNOSPEC INC COM 45768S105 16,803 201,598 SH   SOLE   164,747 0 36,851
JPMORGAN CHASE & CO COM 46625H100 24,709 244,090 SH   SOLE   164,200 0 79,890
KBR INC COM 48242W106 77,255 4,046,863 SH   SOLE   2,980,825 0 1,066,038
KAISER ALUMINUM CORP COM PAR $0.01 483007704 6,731 64,268 SH   SOLE   51,005 0 13,263
LAMB WESTON HLDGS INC COM 513272104 1,548 20,662 SH   SOLE   14,066 0 6,596
LENNAR CORP CL B 526057302 8,666 221,535 SH   SOLE   150,077 0 71,458
LILLY ELI & CO COM 532457108 18,104 139,522 SH   SOLE   94,200 0 45,322
LYON WILLIAM HOMES CL A NEW 552074700 2,382 154,975 SH   SOLE   85,077 0 69,898
MASTERCARD INC CL A 57636Q104 12,137 51,550 SH   SOLE   31,050 0 20,500
MERCK & CO INC COM 58933Y105 13,623 163,800 SH   SOLE   116,800 0 47,000
MICROSOFT CORP COM 594918104 38,363 325,273 SH   SOLE   204,400 0 120,873
MILLER INDS INC TENN COM NEW 600551204 2,362 76,572 SH   SOLE   49,162 0 27,410
NATIONAL FUEL GAS CO N J COM 636180101 963 15,800 SH   SOLE   15,800 0 0
NELNET INC CL A 64031N108 2,301 41,777 SH   SOLE   30,413 0 11,364
NEXTERA ENERGY INC COM 65339F101 2,416 12,500 SH   SOLE   9,500 0 3,000
NORTHROP GRUMMAN CORP COM 666807102 20,422 75,748 SH   SOLE   53,500 0 22,248
OCEANEERING INTL INC COM 675232102 308 19,500 SH   SOLE   19,500 0 0
OFFICE PPTYS INCOME TR COM SHS BEN INT 67623C109 4,603 166,519 SH   SOLE   118,586 0 47,933
ORACLE CORP COM 68389X105 14,679 273,300 SH   SOLE   163,500 0 109,800
PPL CORP COM 69351T106 1,476 46,500 SH   SOLE   46,500 0 0
PFIZER INC COM 717081103 12,563 295,800 SH   SOLE   214,600 0 81,200
PHILIP MORRIS INTL INC COM 718172109 13,320 150,700 SH   SOLE   57,700 0 93,000
PORTLAND GEN ELEC CO COM NEW 736508847 5,677 109,514 SH   SOLE   82,014 0 27,500
PUBLIC SVC ENTERPRISE GRP IN COM 744573106 1,200 20,200 SH   SOLE   20,200 0 0
QURATE RETAIL INC COM SER A 74915M100 13,095 819,432 SH   SOLE   578,932 0 240,500
REGIONS FINL CORP NEW COM 7591EP100 6,873 485,700 SH   SOLE   337,000 0 148,700
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 17,663 282,208 SH   SOLE   236,562 0 45,646
SCIENCE APPLICATNS INTL CP N COM 808625107 11,490 149,312 SH   SOLE   100,512 0 48,800
SEACOR HOLDINGS INC COM 811904101 402 9,517 SH   SOLE   9,517 0 0
SEMPRA ENERGY COM 816851109 1,032 8,200 SH   SOLE   8,200 0 0
SOUTH ST CORP COM 840441109 1,824 26,687 SH   SOLE   7,620 0 19,067
SUNTRUST BKS INC COM 867914103 15,855 267,600 SH   SOLE   188,100 0 79,500
SUPERIOR ENERGY SVCS INC COM 868157108 1,716 367,448 SH   SOLE   285,748 0 81,700
TENET HEALTHCARE CORP COM NEW 88033G407 3,715 128,824 SH   SOLE   93,300 0 35,524
TETRA TECHNOLOGIES INC DEL COM 88162F105 1,277 545,823 SH   SOLE   402,500 0 143,323
TUPPERWARE BRANDS CORP COM 899896104 16,466 643,706 SH   SOLE   422,847 0 220,859
TYSON FOODS INC CL A 902494103 9,778 140,835 SH   SOLE   99,535 0 41,300
UFP TECHNOLOGIES INC COM 902673102 1,143 30,569 SH   SOLE   19,492 0 11,077
VERIZON COMMUNICATIONS INC COM 92343V104 402 6,800 SH   SOLE   0 0 6,800
VIRTUS INVT PARTNERS INC COM 92828Q109 9,409 96,455 SH   SOLE   69,263 0 27,192
VOYA FINL INC COM 929089100 5,730 114,699 SH   SOLE   84,199 0 30,500
WALMART INC COM 931142103 17,555 180,000 SH   SOLE   111,500 0 68,500
WESCO AIRCRAFT HLDGS INC COM 950814103 4,835 550,012 SH   SOLE   399,097 0 150,915
EURONAV NV ANTWERPEN SHS B38564108 9,664 1,185,716 SH   SOLE   790,002 0 395,714