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
ABBVIE INC COM 00287Y109 47,109 916,525 SH   SOLE   360,860 0 555,665
ABERCROMBIE & FITCH CO CL A 002896207 137,969 3,583,623 SH   SOLE   1,983,743 0 1,599,880
ABM INDS INC COM 000957100 41,798 1,454,355 SH   SOLE   958,719 0 495,636
ACACIA RESH CORP ACACIA TCH COM 003881307 51,798 3,389,941 SH   SOLE   2,651,361 0 738,580
ADTRAN INC COM 00738A106 26,046 1,067,039 SH   SOLE   703,440 0 363,599
AK STL HLDG CORP COM 001547108 722 100,000 SH   SOLE   100,000 0 0
ALLIANCE BANCORP INC PA NEW COM 01890a108 6,625 431,618 SH   SOLE   425,468 0 6,150
ALLSTATE CORP COM 020002101 78,106 1,380,450 SH   SOLE   615,350 0 765,100
ALON USA ENERGY INC COM 020520102 7,666 513,145 SH   SOLE   505,925 0 7,220
ALON USA PARTNERS LP UT LTDPART INT 02052T109 5,325 319,654 SH   SOLE   319,654 0 0
AMERICAN AXLE & MFG HLDGS IN COM 024061103 8,284 447,292 SH   SOLE   447,292 0 0
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 123,121 10,058,920 SH   SOLE   5,096,885 0 4,962,035
AMERICAN INTL GROUP INC COM NEW 026874784 12,452 249,000 SH   SOLE   249,000 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 5,210 371,600 SH   SOLE   371,600 0 0
AMERICAN SCIENCE & ENGR INC COM 029429107 6,713 99,947 SH   SOLE   98,537 0 1,410
AMERICAN SOFTWARE INC CL A 029683109 2,097 206,174 SH   SOLE   203,274 0 2,900
AMREIT INC NEW CL B 03216B208 7,305 440,838 SH   SOLE   434,628 0 6,210
ARTESIAN RESOURCES CORP CL A 043113208 4,080 181,645 SH   SOLE   179,075 0 2,570
ASSURED GUARANTY LTD COM g0585r106 9,604 379,300 SH   SOLE   379,300 0 0
ASTEC INDS INC COM 046224101 24,175 550,569 SH   SOLE   360,563 0 190,006
ASTORIA FINL CORP COM 046265104 33,608 2,431,829 SH   SOLE   1,653,727 0 778,102
AT&T INC COM 00206R102 108,780 3,101,785 SH   SOLE   1,238,400 0 1,863,385
AXIALL CORP COM 05463D100 44,282 985,790 SH   SOLE   673,185 0 312,605
BALDWIN & LYONS INC CL B 057755209 7,322 278,494 SH   SOLE   274,574 0 3,920
BALTIC TRADING LIMITED COM Y0553W103 221 35,000 SH   SOLE   35,000 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 339 6,000 SH   SOLE   6,000 0 0
BANK MUTUAL CORP NEW COM 063750103 8,954 1,412,352 SH   SOLE   1,394,722 0 17,630
BANK NEW YORK MELLON CORP COM 064058100 71,163 2,016,513 SH   SOLE   810,000 0 1,206,513
BANK OF AMERICA CORPORATION COM 060505104 16,511 959,960 SH   SOLE   959,960 0 0
BAXTER INTL INC COM 071813109 77,997 1,060,036 SH   SOLE   420,950 0 639,086
BB&T CORP COM 054937107 87,146 2,169,430 SH   SOLE   847,710 0 1,321,720
BEBE STORES INC COM 075571109 18,337 2,996,318 SH   SOLE   2,961,483 0 34,835
BEL FUSE INC CL B 077347300 6,955 317,562 SH   SOLE   313,086 0 4,476
BEMIS INC COM 081437105 48,660 1,240,060 SH   SOLE   501,400 0 738,660
BOLT TECHNOLOGY CORP COM 097698104 1,937 97,963 SH   SOLE   96,587 0 1,376
BOX SHIPS INCORPORATED SHS Y09675102 458 190,248 SH   SOLE   190,248 0 0
BRIGGS & STRATTON CORP COM 109043109 14,902 669,735 SH   SOLE   438,030 0 231,705
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 14,566 694,634 SH   SOLE   694,634 0 0
BROOKLINE BANCORP INC DEL COM 11373m107 45,697 4,851,017 SH   SOLE   3,563,821 0 1,287,196
BROOKS AUTOMATION INC COM 114340102 32,983 3,017,641 SH   SOLE   2,131,660 0 885,981
C D I CORP COM 125071100 4,828 281,511 SH   SOLE   277,531 0 3,980
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 60,671 1,158,061 SH   SOLE   469,415 0 688,646
CABOT CORP COM 127055101 34,668 586,993 SH   SOLE   397,932 0 189,061
CAL DIVE INTL INC DEL COM 12802T101 354 208,310 SH   SOLE   208,310 0 0
CALIFORNIA WTR SVC GROUP COM 130788102 23,934 999,762 SH   SOLE   672,440 0 327,322
CAPITOL FED FINL INC COM 14057j101 40,765 3,245,639 SH   SOLE   2,203,962 0 1,041,677
CAPSTEAD MTG CORP COM NO PAR 14067E506 16,050 1,267,757 SH   SOLE   849,703 0 418,054
CARDINAL FINL CORP COM 14149F109 9,744 546,502 SH   SOLE   538,817 0 7,685
CATCHMARK TIMBER TR INC CL A 14912Y202 10,188 725,107 SH   SOLE   714,877 0 10,230
CATERPILLAR INC DEL COM 149123101 105,323 1,059,903 SH   SOLE   425,650 0 634,253
CHARTER FINL CORP MD COM 16122W108 5,814 537,865 SH   SOLE   530,275 0 7,590
CHEMICAL FINL CORP COM 163731102 26,947 830,410 SH   SOLE   544,031 0 286,379
CHEROKEE INC DEL NEW COM 16444H102 10,804 775,617 SH   SOLE   766,564 0 9,053
CHICOS FAS INC COM 168615102 42,881 2,675,019 SH   SOLE   1,820,074 0 854,945
CHIMERA INVT CORP COM 16934Q109 306 100,000 SH   SOLE   100,000 0 0
CISCO SYS INC COM 17275R102 78,672 3,509,777 SH   SOLE   1,409,050 0 2,100,727
CIT GROUP INC COM NEW 125581801 8,093 165,092 SH   SOLE   165,092 0 0
CITIGROUP INC *W EXP 01/04/201 172967226 2,543 3,960,500 SH   SOLE   3,960,500 0 0
CITIGROUP INC COM NEW 172967424 9,781 205,492 SH   SOLE   205,492 0 0
CLARCOR INC COM 179895107 26,079 454,733 SH   SOLE   297,470 0 157,263
CLIFTON SVGS BANCORP INC COM 18712Q103 7,318 611,332 SH   SOLE   602,702 0 8,630
COACH INC COM 189754104 76,754 1,545,580 SH   SOLE   619,725 0 925,855
COHU INC COM 192576106 31,710 2,952,537 SH   SOLE   2,378,573 0 573,964
COMMUNICATIONS SYS INC COM 203900105 4,665 362,507 SH   SOLE   357,387 0 5,120
CONNECTICUT WTR SVC INC COM 207797101 8,990 263,106 SH   SOLE   259,906 0 3,200
CON-WAY INC COM 205944101 43,252 1,052,880 SH   SOLE   723,660 0 329,220
CREDICORP LTD COM G2519Y108 3,083 22,350 SH   SOLE   22,350 0 0
CSX CORP COM 126408103 62,061 2,142,250 SH   SOLE   859,050 0 1,283,200
CULLEN FROST BANKERS INC COM 229899109 48,948 631,346 SH   SOLE   256,545 0 374,801
CVB FINL CORP COM 126600105 18,072 1,136,575 SH   SOLE   749,100 0 387,475
CVR REFNG LP COMUNIT REP LT 12663P107 9,320 400,331 SH   SOLE   400,331 0 0
CYRUSONE INC COM 23283R100 5,885 282,535 SH   SOLE   278,555 0 3,980
DAKTRONICS INC COM 234264109 5,411 375,992 SH   SOLE   370,707 0 5,285
DANAOS CORPORATION SHS Y1968P105 35,960 4,794,600 SH   SOLE   4,794,600 0 0
DEAN FOODS CO NEW COM NEW 242370203 30,105 1,947,288 SH   SOLE   1,333,728 0 613,560
DECKERS OUTDOOR CORP COM 243537107 4,758 59,680 SH   SOLE   59,680 0 0
DEERE & CO COM 244199105 65,001 715,867 SH   SOLE   283,585 0 432,282
DELEK US HLDGS INC COM 246647101 49,063 1,689,484 SH   SOLE   1,136,172 0 553,312
DELPHI AUTOMOTIVE PLC SHS G27823106 3,393 50,000 SH   SOLE   50,000 0 0
DEUTSCHE BANK AG NAMEN AKT D18190898 5,414 120,770 SH   SOLE   103,390 0 17,380
DIANA CONTAINERSHIPS INC COM Y2069P101 3,324 870,081 SH   SOLE   870,081 0 0
DIEBOLD INC COM 253651103 35,198 882,382 SH   SOLE   598,440 0 283,942
DIME CMNTY BANCSHARES COM 253922108 20,132 1,185,654 SH   SOLE   986,174 0 199,480
DONEGAL GROUP INC CL A 257701201 10,321 707,894 SH   SOLE   699,389 0 8,505
DOUGLAS DYNAMICS INC COM 25960r105 7,101 407,633 SH   SOLE   401,893 0 5,740
DOW CHEM CO COM 260543103 47,037 968,043 SH   SOLE   384,800 0 583,243
DRYSHIPS INC SHS Y2109Q101 323 100,000 SH   SOLE   100,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 51,975 774,592 SH   SOLE   298,350 0 476,242
DYNEX CAP INC COM NEW 26817Q506 5,428 606,522 SH   SOLE   597,982 0 8,540
EAGLE BANCORP MONT INC COM 26942G100 4,327 388,080 SH   SOLE   382,610 0 5,470
EASTERN CO COM 276317104 5,088 313,493 SH   SOLE   309,968 0 3,525
EBAY INC COM 278642103 6,076 110,000 SH   SOLE   110,000 0 0
ELECTRO SCIENTIFIC INDS COM 285229100 12,359 1,254,705 SH   SOLE   1,240,495 0 14,210
EMERALD OIL INC COM NEW 29101U209 785 116,800 SH   SOLE   116,800 0 0
EMERSON ELEC CO COM 291011104 53,519 801,179 SH   SOLE   321,190 0 479,989
ENERGEN CORP COM 29265n108 3,701 45,800 SH   SOLE   45,800 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 6,303 314,028 SH   SOLE   309,598 0 4,430
ESSA BANCORP INC COM 29667D104 5,123 471,284 SH   SOLE   464,604 0 6,680
ETHAN ALLEN INTERIORS INC COM 297602104 36,125 1,419,458 SH   SOLE   981,592 0 437,866
EXXON MOBIL CORP COM 30231g102 110,761 1,133,914 SH   SOLE   468,060 0 665,854
FBR & CO COM NEW 30247C400 8,190 317,061 SH   SOLE   317,061 0 0
FEMALE HEALTH CO COM 314462102 630 81,237 SH   SOLE   80,097 0 1,140
FINANCIAL INSTNS INC COM 317585404 5,205 226,100 SH   SOLE   222,910 0 3,190
FIRST BANCORP INC ME COM 31866P102 3,774 231,519 SH   SOLE   228,269 0 3,250
FIRST FINL BANCORP OH COM 320209109 41,319 2,298,073 SH   SOLE   1,561,971 0 736,102
FIRST HORIZON NATL CORP COM 320517105 2,777 225,000 SH   SOLE   225,000 0 0
FLUSHING FINL CORP COM 343873105 1,498 71,110 SH   SOLE   70,100 0 1,010
FLY LEASING LTD SPONSORED ADR 34407D109 3,145 209,649 SH   SOLE   209,649 0 0
FNB CORP PA COM 302520101 28,645 2,137,670 SH   SOLE   1,397,480 0 740,190
FORD MTR CO DEL COM PAR $0.01 345370860 66,267 4,247,880 SH   SOLE   1,700,510 0 2,547,370
FORESTAR GROUP INC COM 346233109 4,406 247,500 SH   SOLE   247,500 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 10,993 1,485,590 SH   SOLE   1,485,590 0 0
FORWARD AIR CORP COM 349853101 27,048 586,598 SH   SOLE   397,973 0 188,625
FREEPORT-MCMORAN COPPER & GO COM 35671D857 95,874 2,899,110 SH   SOLE   1,160,790 0 1,738,320
FREIGHTCAR AMER INC COM 357023100 6,217 267,506 SH   SOLE   263,736 0 3,770
GENERAL CABLE CORP DEL NEW COM 369300108 25,719 1,004,250 SH   SOLE   662,370 0 341,880
GENERAL ELECTRIC CO COM 369604103 96,818 3,739,600 SH   SOLE   1,495,300 0 2,244,300
GENERAL MTRS CO COM 37045V100 72,020 2,092,400 SH   SOLE   841,250 0 1,251,150
GENERAL MTRS CO *W EXP 07/10/201 37045V126 25,916 1,488,571 SH   SOLE   1,488,571 0 0
GENWORTH FINL INC COM CL A 37247D106 11,009 620,900 SH   SOLE   620,900 0 0
GERDAU S A SPON ADR REP PFD 373737105 333 51,900 SH   SOLE   51,900 0 0
GLADSTONE LD CORP COM 376549101 9,070 641,477 SH   SOLE   634,147 0 7,330
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 9,497 477,501 SH   SOLE   442,076 0 35,425
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 27,924 6,419,215 SH   SOLE   6,419,215 0 0
GRAMERCY PPTY TR INC COM 38489R100 3,461 670,680 SH   SOLE   670,680 0 0
GRANITE CONSTR INC COM 387328107 58,382 1,462,111 SH   SOLE   984,283 0 477,828
GREAT LAKES DREDGE & DOCK CO COM 390607109 16,669 1,825,761 SH   SOLE   1,804,411 0 21,350
GREEN DOT CORP CL A 39304D102 3,418 175,029 SH   SOLE   175,029 0 0
GREIF INC CL A 397624107 34,125 650,131 SH   SOLE   434,698 0 215,433
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 422 3,442 SH   SOLE   3,442 0 0
GUESS INC COM 401617105 98,962 3,585,566 SH   SOLE   1,723,650 0 1,861,916
GULF ISLAND FABRICATION INC COM 402307102 12,218 565,388 SH   SOLE   558,768 0 6,620
HANCOCK HLDG CO COM 410120109 48,790 1,331,246 SH   SOLE   895,189 0 436,057
HARSCO CORP COM 415864107 73,689 3,145,090 SH   SOLE   1,489,238 0 1,655,852
HAWAIIAN ELEC INDUSTRIES COM 419870100 24,390 959,465 SH   SOLE   646,795 0 312,670
HAYNES INTERNATIONAL INC COM NEW 420877201 26,251 486,124 SH   SOLE   385,547 0 100,577
HEALTHCARE RLTY TR COM 421946104 21,305 882,203 SH   SOLE   593,058 0 289,145
HERITAGE FINL CORP WASH COM 42722x106 8,621 509,516 SH   SOLE   502,346 0 7,170
HF FINL CORP COM 404172108 2,334 174,719 SH   SOLE   172,269 0 2,450
HOPFED BANCORP INC COM 439734104 3,470 297,346 SH   SOLE   293,146 0 4,200
HOWARD HUGHES CORP COM 44267D107 17,830 124,940 SH   SOLE   124,940 0 0
HUDSON VALLEY HOLDING CORP COM 444172100 11,042 579,611 SH   SOLE   573,011 0 6,600
IBERIABANK CORP COM 450828108 26,377 376,004 SH   SOLE   255,799 0 120,205
ICICI BK LTD ADR 45104G104 3,986 91,010 SH   SOLE   78,000 0 13,010
INFINITY PPTY & CAS CORP COM 45665Q103 35,207 520,577 SH   SOLE   353,644 0 166,933
INGREDION INC COM 457187102 57,146 839,389 SH   SOLE   400,625 0 438,764
INTEL CORP COM 458140100 103,050 3,992,028 SH   SOLE   1,596,180 0 2,395,848
INTERNATIONAL BUSINESS MACHS COM 459200101 94,422 490,530 SH   SOLE   195,950 0 294,580
INTERNATIONAL GAME TECHNOLOG COM 459902102 5,353 380,740 SH   SOLE   380,740 0 0
INTERSIL CORP CL A 46069S109 31,087 2,406,121 SH   SOLE   1,630,141 0 775,980
INTL PAPER CO COM 460146103 51,957 1,132,450 SH   SOLE   455,050 0 677,400
ISHARES MSCI TAIWAN ETF 464286731 1,324 91,990 SH   SOLE   91,990 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 443 29,831 SH   SOLE   29,831 0 0
IXYS CORP COM 46600W106 9,816 864,872 SH   SOLE   854,472 0 10,400
JABIL CIRCUIT INC COM 466313103 44,834 2,490,750 SH   SOLE   995,350 0 1,495,400
JETBLUE AIRWAYS CORP COM 477143101 10,789 1,241,500 SH   SOLE   1,241,500 0 0
JGWPT HLDGS INC CL A 46617M109 2,208 120,908 SH   SOLE   120,908 0 0
JMP GROUP INC COM 46629U107 4,722 664,149 SH   SOLE   654,794 0 9,355
JOHNSON & JOHNSON COM 478160104 68,893 701,342 SH   SOLE   288,175 0 413,167
JPMORGAN CHASE & CO COM 46625h100 110,428 1,818,940 SH   SOLE   896,164 0 922,776
KELLOGG CO COM 487836108 51,805 826,112 SH   SOLE   332,300 0 493,812
KIMBERLY CLARK CORP COM 494368103 6,626 60,100 SH   SOLE   60,100 0 0
KINDER MORGAN INC DEL COM 49456B101 62,005 1,908,418 SH   SOLE   766,500 0 1,141,918
KNIGHT TRANSN INC COM 499064103 28,748 1,242,894 SH   SOLE   843,418 0 399,476
KNOLL INC COM NEW 498904200 18,854 1,036,519 SH   SOLE   688,182 0 348,337
KOHLS CORP COM 500255104 69,006 1,214,891 SH   SOLE   491,255 0 723,636
KRONOS WORLDWIDE INC COM 50105F105 38,699 2,320,061 SH   SOLE   1,558,165 0 761,896
LACLEDE GROUP INC COM 505597104 15,210 322,590 SH   SOLE   210,935 0 111,655
LANDAUER INC COM 51476K103 14,815 326,833 SH   SOLE   322,888 0 3,945
LAS VEGAS SANDS CORP COM 517834107 6,438 79,700 SH   SOLE   79,700 0 0
LEAR CORP COM NEW 521865204 9,285 110,907 SH   SOLE   110,907 0 0
LIMONEIRA CO COM 532746104 2,110 93,012 SH   SOLE   93,012 0 0
LINEAR TECHNOLOGY CORP COM 535678106 614 12,615 SH   SOLE   12,615 0 0
LSI INDS INC COM 50216C108 6,726 821,203 SH   SOLE   809,658 0 11,545
M & T BK CORP COM 55261F104 49,273 406,207 SH   SOLE   163,100 0 243,107
M D C HLDGS INC COM 552676108 51,221 1,811,204 SH   SOLE   1,218,649 0 592,555
MAGNUM HUNTER RES CORP DEL COM 55973B102 600 70,600 SH   SOLE   70,600 0 0
MARATHON OIL CORP COM 565849106 89,382 2,516,386 SH   SOLE   1,010,930 0 1,505,456
MARINE PRODS CORP COM 568427108 1,839 244,521 SH   SOLE   241,076 0 3,445
MAXIM INTEGRATED PRODS INC COM 57772K101 55,171 1,665,800 SH   SOLE   677,900 0 987,900
MBIA INC COM 55262C100 9,719 694,730 SH   SOLE   694,730 0 0
MCDONALDS CORP COM 580135101 47,832 487,930 SH   SOLE   195,090 0 292,840
MEDTRONIC INC COM 585055106 45,013 731,445 SH   SOLE   291,900 0 439,545
MERCURY GENL CORP NEW COM 589400100 24,266 538,296 SH   SOLE   219,726 0 318,570
MEREDITH CORP COM 589433101 17,844 384,330 SH   SOLE   257,158 0 127,172
METLIFE INC COM 59156R108 47,407 897,864 SH   SOLE   359,500 0 538,364
MGP INGREDIENTS INC NEW COM 55303J106 1,222 181,013 SH   SOLE   178,143 0 2,870
MICREL INC COM 594793101 71,194 6,425,411 SH   SOLE   4,621,804 0 1,803,607
MICROSOFT CORP COM 594918104 71,307 1,739,625 SH   SOLE   677,209 0 1,062,416
MIDDLEBURG FINANCIAL CORP COM 596094102 7,772 441,366 SH   SOLE   436,216 0 5,150
MIDDLESEX WATER CO COM 596680108 4,395 201,430 SH   SOLE   198,590 0 2,840
MILLER HERMAN INC COM 600544100 4,338 135,010 SH   SOLE   88,150 0 46,860
MILLER INDS INC TENN COM NEW 600551204 7,215 369,432 SH   SOLE   364,228 0 5,204
MKS INSTRUMENT INC COM 55306N104 34,524 1,155,031 SH   SOLE   784,336 0 370,695
MOLSON COORS BREWING CO CL B 60871R209 56,200 954,807 SH   SOLE   389,260 0 565,547
MORGAN STANLEY COM NEW 617446448 60,097 1,928,039 SH   SOLE   767,350 0 1,160,689
MOSAIC CO NEW COM 61945C103 55,470 1,109,401 SH   SOLE   446,500 0 662,901
MRC GLOBAL INC COM 55345K103 404 15,000 SH   SOLE   15,000 0 0
MURPHY OIL CORP COM 626717102 65,489 1,041,821 SH   SOLE   425,210 0 616,611
NATIONAL BK HLDGS CORP CL A 633707104 35,981 1,792,774 SH   SOLE   1,206,484 0 586,290
NATIONAL FUEL GAS CO N J COM 636180101 47,468 677,734 SH   SOLE   276,120 0 401,614
NATIONAL PENN BANCSHARES INC COM 637138108 37,470 3,585,616 SH   SOLE   2,430,540 0 1,155,076
NEW MEDIA INVT GROUP INC COM 64704V106 6,876 457,787 SH   SOLE   457,787 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 38,983 6,025,208 SH   SOLE   4,040,343 0 1,984,865
NEWCASTLE INVT CORP COM 65105M108 15,771 3,355,560 SH   SOLE   3,355,560 0 0
NEXTERA ENERGY INC COM 65339F101 47,557 497,356 SH   SOLE   198,950 0 298,406
NN INC COM 629337106 3,041 154,342 SH   SOLE   152,152 0 2,190
NORTHEAST CMNTY BANCORP INC COM 664112109 2,172 309,382 SH   SOLE   305,032 0 4,350
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 12,111 470,890 SH   SOLE   470,890 0 0
NORTHERN TR CORP COM 665859104 80,342 1,225,473 SH   SOLE   494,090 0 731,383
NORTHFIELD BANCORP INC DEL COM 66611T108 10,859 844,426 SH   SOLE   552,306 0 292,120
NORTHWEST BANCSHARES INC MD COM 667340103 13,098 897,156 SH   SOLE   618,222 0 278,934
NORTHWEST NAT GAS CO COM 667655104 31,875 724,276 SH   SOLE   488,273 0 236,003
NUCOR CORP COM 670346105 67,654 1,338,630 SH   SOLE   538,080 0 800,550
NUTRI SYS INC NEW COM 67069D108 17,527 1,163,043 SH   SOLE   1,149,093 0 13,950
OCCIDENTAL PETE CORP DEL COM 674599105 97,235 1,020,407 SH   SOLE   408,150 0 612,257
OLD NATL BANCORP IND COM 680033107 22,078 1,480,737 SH   SOLE   1,001,700 0 479,037
PACIFIC CONTINENTAL CORP COM 69412V108 6,948 504,914 SH   SOLE   497,814 0 7,100
PARAGON SHIPPING INC CL A NEW 69913R408 344 50,200 SH   SOLE   50,200 0 0
PBF ENERGY INC CL A 69318G106 32,648 1,265,410 SH   SOLE   847,880 0 417,530
PENN WEST PETE LTD NEW COM 707887105 29,969 3,584,817 SH   SOLE   1,490,030 0 2,094,787
PENNEY J C INC COM 708160106 3,233 375,000 SH   SOLE   375,000 0 0
PEOPLES FINL CORP MISS COM 71103B102 4,738 356,223 SH   SOLE   351,152 0 5,071
PEOPLES UNITED FINANCIAL INC COM 712704105 30,104 2,024,497 SH   SOLE   836,310 0 1,188,187
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 474 34,150 SH   SOLE   34,150 0 0
PG&E CORP COM 69331C108 50,356 1,165,643 SH   SOLE   464,700 0 700,943
PHILIP MORRIS INTL INC COM 718172109 63,596 776,796 SH   SOLE   330,886 0 445,910
PIEDMONT NAT GAS INC COM 720186105 21,879 618,217 SH   SOLE   407,798 0 210,419
PINNACLE FOODS INC DEL COM 72348P104 5,723 191,653 SH   SOLE   191,653 0 0
PLUM CREEK TIMBER CO INC COM 729251108 48,750 1,159,610 SH   SOLE   470,410 0 689,200
PLY GEM HLDGS INC COM 72941W100 3,714 294,100 SH   SOLE   294,100 0 0
PNC FINL SVCS GROUP INC COM 693475105 54,414 625,446 SH   SOLE   285,963 0 339,483
PORTLAND GEN ELEC CO COM NEW 736508847 28,588 883,972 SH   SOLE   598,947 0 285,025
PRECISION DRILLING CORP COM 2010 74022D308 63,581 5,311,683 SH   SOLE   2,632,802 0 2,678,881
PRUDENTIAL FINL INC COM 744320102 81,807 966,415 SH   SOLE   388,750 0 577,665
PSYCHEMEDICS CORP COM NEW 744375205 2,638 154,001 SH   SOLE   151,817 0 2,184
QUALCOMM INC COM 747525103 95,355 1,209,163 SH   SOLE   482,600 0 726,563
QUANEX BUILDING PRODUCTS COR COM 747619104 40,700 1,968,079 SH   SOLE   1,405,257 0 562,822
RAIT FINANCIAL TRUST COM NEW 749227609 7,620 897,470 SH   SOLE   897,470 0 0
RALPH LAUREN CORP CL A 751212101 4,506 28,000 SH   SOLE   28,000 0 0
REGAL BELOIT CORP COM 758750103 40,880 562,230 SH   SOLE   375,555 0 186,675
REGAL ENTMT GROUP CL A 758766109 48,133 2,576,724 SH   SOLE   1,034,900 0 1,541,824
REPUBLIC SVCS INC COM 760759100 54,246 1,588,000 SH   SOLE   645,000 0 943,000
RESOURCES CONNECTION INC COM 76122q105 35,949 2,551,353 SH   SOLE   1,851,749 0 699,604
REXFORD INDL RLTY INC COM 76169C100 8,087 570,305 SH   SOLE   562,255 0 8,050
RICKS CABARET INTL INC COM NEW 765641303 867 76,894 SH   SOLE   76,894 0 0
RING ENERGY INC COM 76680V108 305 19,956 SH   SOLE   19,956 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 38,901 532,456 SH   SOLE   178,350 0 354,106
SEARS HOMETOWN & OUTLET STOR COM 812362101 4,538 191,867 SH   SOLE   191,867 0 0
SI FINL GROUP INC MD COM 78425V104 8,279 734,620 SH   SOLE   724,270 0 10,350
SIERRA BANCORP COM 82620P102 6,096 382,926 SH   SOLE   378,586 0 4,340
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 586 15,733 SH   SOLE   15,498 0 235
SIMPLICITY BANCORP COM 828867101 5,310 301,691 SH   SOLE   297,441 0 4,250
SIMPSON MANUFACTURING CO INC COM 829073105 33,678 953,238 SH   SOLE   647,826 0 305,412
SJW CORP COM 784305104 6,414 216,992 SH   SOLE   213,932 0 3,060
SNYDERS-LANCE INC COM 833551104 9,945 352,768 SH   SOLE   232,540 0 120,228
SONY CORP ADR NEW 835699307 3,414 178,550 SH   SOLE   178,550 0 0
SOUTHERN COPPER CORP COM 84265V105 3,100 106,500 SH   SOLE   106,500 0 0
SPARTAN STORES INC COM 846822104 7,931 341,699 SH   SOLE   336,879 0 4,820
STAGE STORES INC COM NEW 85254C305 38,474 1,573,568 SH   SOLE   1,164,608 0 408,960
STANDARD PAC CORP NEW COM 85375C101 8,538 1,027,489 SH   SOLE   1,027,489 0 0
STANLEY BLACK & DECKER INC COM 854502101 49,956 614,920 SH   SOLE   250,920 0 364,000
STATOIL ASA SPONSORED ADR 85771P102 64,318 2,279,163 SH   SOLE   975,600 0 1,303,563
STEEL DYNAMICS INC COM 858119100 50,008 2,811,000 SH   SOLE   1,123,700 0 1,687,300
STERIS CORP COM 859152100 21,567 451,674 SH   SOLE   307,235 0 144,439
STERLING BANCORP DEL COM 85917A100 2,234 176,480 SH   SOLE   173,990 0 2,490
STONECASTLE FINL CORP COM 861780104 6,394 260,132 SH   SOLE   256,472 0 3,660
SUNTRUST BKS INC COM 867914103 62,627 1,573,947 SH   SOLE   629,668 0 944,279
SUPERIOR ENERGY SVCS INC COM 868157108 754 24,500 SH   SOLE   24,500 0 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 33,037 2,905,633 SH   SOLE   1,943,530 0 962,103
SYMANTEC CORP COM 871503108 55,225 2,765,400 SH   SOLE   1,110,700 0 1,654,700
SYNOVUS FINL CORP COM 87161C105 9,868 2,911,000 SH   SOLE   2,911,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 4,115 205,550 SH   SOLE   176,270 0 29,280
TENARIS S A SPONSORED ADR 88031M109 216 4,880 SH   SOLE   4,880 0 0
TESSERA TECHNOLOGIES INC COM 88164L100 44,495 1,882,983 SH   SOLE   1,279,885 0 603,098
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 48,017 908,731 SH   SOLE   430,595 0 478,136
TEXAS CAPITAL BANCSHARES INC COM 88224Q107 2,598 40,000 SH   SOLE   40,000 0 0
TGC INDS INC COM NEW 872417308 9,460 1,589,949 SH   SOLE   1,571,563 0 18,386
TIDEWATER INC COM 886423102 117,877 2,424,450 SH   SOLE   1,249,829 0 1,174,621
TRANSOCEAN LTD REG SHS h8817h100 67,816 1,640,452 SH   SOLE   712,650 0 927,802
TRAVELCENTERS OF AMERICA LLC COM 894174101 7,981 979,317 SH   SOLE   979,317 0 0
TRICO BANCSHARES COM 896095106 4,509 173,892 SH   SOLE   171,447 0 2,445
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 23,122 2,979,632 SH   SOLE   2,416,047 0 563,585
TWIN DISC INC COM 901476101 736 27,945 SH   SOLE   27,550 0 395
UIL HLDG CORP COM 902748102 28,563 775,953 SH   SOLE   522,283 0 253,670
UNITED CMNTY BANCORP IND COM 90984R101 4,612 406,287 SH   SOLE   400,577 0 5,710
UNITED FINANCIAL BANCORP INC COM 91030T109 14,231 773,851 SH   SOLE   764,711 0 9,140
UNITED STATES OIL FUND LP UNITS 91232N108 4,146 2,022,600 SH Put SOLE   2,022,600 0 0
UNITIL CORP COM 913259107 12,160 370,280 SH   SOLE   365,870 0 4,410
UNIVERSAL CORP VA COM 913456109 36,926 660,691 SH   SOLE   411,261 0 249,430
UNIVERSAL TRUCKLOAD SVCS INC COM 91388P105 5,800 200,698 SH   SOLE   197,858 0 2,840
US BANCORP DEL COM NEW 902973304 48,903 1,140,987 SH   SOLE   453,050 0 687,937
VALE S A ADR 91912E105 5,420 391,910 SH   SOLE   342,910 0 49,000
VALLEY NATL BANCORP COM 919794107 25,083 2,409,552 SH   SOLE   975,156 0 1,434,396
VIAD CORP COM NEW 92552R406 2,942 122,400 SH   SOLE   120,680 0 1,720
WAL-MART STORES INC COM 931142103 94,198 1,232,480 SH   SOLE   491,260 0 741,220
WASHINGTON FED INC COM 938824109 26,210 1,124,905 SH   SOLE   762,415 0 362,490
WAUSAU PAPER CORP COM 943315101 9,005 707,375 SH   SOLE   697,405 0 9,970
WESTAMERICA BANCORPORATION COM 957090103 33,892 626,702 SH   SOLE   426,674 0 200,028
WEYCO GROUP INC COM 962149100 4,752 175,887 SH   SOLE   173,427 0 2,460
YORK WTR CO COM 987184108 2,367 116,012 SH   SOLE   114,372 0 1,640
YRC WORLDWIDE INC COM PAR $.01 984249607 20,642 917,418 SH   SOLE   917,418 0 0
ZIONS BANCORPORATION COM 989701107 8,829 285,000 SH   SOLE   285,000 0 0