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 43,673 976,375 SH   SOLE   370,460 0 605,915
ABERCROMBIE & FITCH CO CL A 002896207 7,983 225,711 SH   SOLE   13,120 0 212,591
ABM INDS INC COM 000957100 44,908 1,686,990 SH   SOLE   963,517 0 723,473
ACACIA RESH CORP ACACIA TCH COM 003881307 30,958 1,342,500 SH   SOLE   791,695 0 550,805
ADTRAN INC COM 00738A106 13,842 519,576 SH   SOLE   296,708 0 222,868
AEROPOSTALE COM 007865108 3,703 393,890 SH   SOLE   30,000 0 363,890
ALLIANCE BANCORP INC PA NEW COM 01890a108 7,128 491,604 SH   SOLE   437,646 0 53,958
ALON USA PARTNERS LP UT LTDPART INT 02052T109 427 34,600 SH   SOLE   0 0 34,600
AMCOL INTL CORP COM 02341W103 18,704 572,339 SH   SOLE   331,034 0 241,305
AMERICAN AXLE & MFG HLDGS IN COM 024061103 8,094 410,468 SH   SOLE   0 0 410,468
AMERICAN EAGLE OUTFITTERS NE COM 02553E106 66,086 4,723,830 SH   SOLE   1,856,380 0 2,867,450
AMERICAN INTL GROUP INC COM NEW 026874784 11,443 235,300 SH   SOLE   7,500 0 227,800
AMERICAN RESIDENTIAL PPTYS I COM 02927E303 1,807 102,600 SH   SOLE   0 0 102,600
AMERICAN RLTY CAP PPTYS INC COM 02917T104 1,224 100,290 SH   SOLE   0 0 100,290
AMERICAN SOFTWARE INC CL A 029683109 2,989 349,942 SH   SOLE   307,522 0 42,420
AMPCO-PITTSBURGH CORP COM 032037103 3,918 218,655 SH   SOLE   194,596 0 24,059
AMREIT INC NEW CL B 03216B208 9,176 528,882 SH   SOLE   464,582 0 64,300
ANWORTH MORTGAGE ASSET CP COM 037347101 27,441 5,681,397 SH   SOLE   3,096,355 0 2,585,042
APPLE INC COM 037833100 13,969 29,300 SH   SOLE   3,000 0 26,300
ARBOR RLTY TR INC COM 038923108 568 83,800 SH   SOLE   0 0 83,800
ARES COML REAL ESTATE CORP COM 04013V108 1,305 105,000 SH   SOLE   0 0 105,000
ARTESIAN RESOURCES CORP CL A 043113208 230 10,333 SH   SOLE   9,083 0 1,250
ASTEC INDS INC COM 046224101 13,534 376,374 SH   SOLE   214,674 0 161,700
ASTORIA FINL CORP COM 046265104 31,215 2,509,220 SH   SOLE   1,472,700 0 1,036,520
AT&T INC COM 00206R102 88,427 2,614,648 SH   SOLE   1,008,810 0 1,605,838
AXIALL CORP COM 05463D100 597 15,800 SH   SOLE   15,800 0 0
BALDWIN & LYONS INC CL B 057755209 6,987 286,595 SH   SOLE   251,805 0 34,790
BANK MUTUAL CORP NEW COM 063750103 7,911 1,261,703 SH   SOLE   1,108,393 0 153,310
BANK NEW YORK MELLON CORP COM 064058100 66,269 2,195,063 SH   SOLE   850,650 0 1,344,413
BANK OF AMERICA CORPORATION COM 060505104 8,612 624,060 SH   SOLE   0 0 624,060
BAXTER INTL INC COM 071813109 55,949 851,715 SH   SOLE   327,700 0 524,015
BB&T CORP COM 054937107 95,311 2,824,040 SH   SOLE   1,089,850 0 1,734,190
BEBE STORES INC COM 075571109 13,845 2,273,468 SH   SOLE   2,048,233 0 225,235
BEL FUSE INC CL B 077347300 12,317 706,265 SH   SOLE   631,479 0 74,786
BOLT TECHNOLOGY CORP COM 097698104 5,226 289,534 SH   SOLE   259,937 0 29,597
BOX SHIPS INCORPORATED SHS Y09675102 1,962 480,837 SH   SOLE   0 0 480,837
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 6,280 324,064 SH   SOLE   31,686 0 292,378
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 14,519 630,730 SH   SOLE   33,541 0 597,189
BROOKLINE BANCORP INC DEL COM 11373m107 29,160 3,102,180 SH   SOLE   1,833,319 0 1,268,861
BROOKS AUTOMATION INC COM 114340102 33,179 3,563,793 SH   SOLE   2,237,713 0 1,326,080
C D I CORP COM 125071100 5,977 390,368 SH   SOLE   348,168 0 42,200
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 69,604 1,168,041 SH   SOLE   458,295 0 709,746
CABOT CORP COM 127055101 51,699 1,210,469 SH   SOLE   709,973 0 500,496
CAL DIVE INTL INC DEL COM 12802T101 364 177,610 SH   SOLE   177,610 0 0
CALAMOS ASSET MGMT INC CL A 12811R104 6,805 681,216 SH   SOLE   614,745 0 66,471
CAMPUS CREST CMNTYS INC COM 13466Y105 24,563 2,274,336 SH   SOLE   1,348,370 0 925,966
CAPITOL FED FINL INC COM 14057j101 33,464 2,692,194 SH   SOLE   1,591,837 0 1,100,357
CAPSTEAD MTG CORP COM NO PAR 14067E506 36,973 3,141,330 SH   SOLE   1,856,490 0 1,284,840
CARDINAL FINL CORP COM 14149F109 3,518 212,800 SH   SOLE   186,965 0 25,835
CARDINAL HEALTH INC COM 14149Y108 43,945 842,670 SH   SOLE   324,770 0 517,900
CATERPILLAR INC DEL COM 149123101 90,418 1,084,153 SH   SOLE   419,800 0 664,353
CHARTER FINL CORP MD COM 16122W108 2,312 214,089 SH   SOLE   188,089 0 26,000
CHEMICAL FINL CORP COM 163731102 16,215 580,750 SH   SOLE   318,230 0 262,520
CHEROKEE INC DEL NEW COM 16444H102 12,621 970,137 SH   SOLE   841,381 0 128,756
CHICOS FAS INC COM 168615102 35,121 2,108,090 SH   SOLE   1,245,105 0 862,985
CISCO SYS INC COM 17275R102 64,593 2,756,727 SH   SOLE   1,069,000 0 1,687,727
CIT GROUP INC COM NEW 125581801 10,969 224,920 SH   SOLE   23,202 0 201,718
CITIGROUP INC *W EXP 01/04/201 172967226 2,015 2,693,500 SH   SOLE   0 0 2,693,500
CITIGROUP INC COM NEW 172967424 6,941 143,092 SH   SOLE   0 0 143,092
CLIFTON SVGS BANCORP INC COM 18712Q103 8,677 700,354 SH   SOLE   622,429 0 77,925
COACH INC COM 189754104 62,813 1,151,890 SH   SOLE   421,275 0 730,615
COHU INC COM 192576106 28,990 2,657,226 SH   SOLE   1,910,090 0 747,136
COMFORT SYS USA INC COM 199908104 3,854 229,248 SH   SOLE   207,163 0 22,085
COMMUNICATIONS SYS INC COM 203900105 4,946 437,289 SH   SOLE   392,879 0 44,410
COMSTOCK RES INC COM NEW 205768203 10,034 630,700 SH   SOLE   356,185 0 274,515
CONNECTICUT WTR SVC INC COM 207797101 2,635 81,926 SH   SOLE   73,856 0 8,070
CREDICORP LTD COM G2519Y108 304 2,370 SH   SOLE   0 0 2,370
CULLEN FROST BANKERS INC COM 229899109 44,987 637,656 SH   SOLE   249,355 0 388,301
CURTISS WRIGHT CORP COM 231561101 33,284 708,778 SH   SOLE   417,236 0 291,542
CVB FINL CORP COM 126600105 28,513 2,108,966 SH   SOLE   1,212,416 0 896,550
CVR REFNG LP COMUNIT REP LT 12663P107 4,829 193,631 SH   SOLE   15,761 0 177,870
CYRUSONE INC COM 23283R100 8,359 439,954 SH   SOLE   386,514 0 53,440
DAKTRONICS INC COM 234264109 11,542 1,031,464 SH   SOLE   919,339 0 112,125
DANA HLDG CORP COM 235825205 5,604 245,350 SH   SOLE   21,250 0 224,100
DANAOS CORPORATION SHS Y1968P105 16,502 4,156,673 SH   SOLE   93,552 0 4,063,121
DEERE & CO COM 244199105 58,405 717,597 SH   SOLE   275,940 0 441,657
DELPHI AUTOMOTIVE PLC SHS G27823106 6,461 110,600 SH   SOLE   0 0 110,600
DEUTSCHE BANK AG NAMEN AKT D18190898 10,094 220,000 SH   SOLE   55,580 0 164,420
DIANA CONTAINERSHIPS INC COM Y2069P101 1,235 325,916 SH   SOLE   45,390 0 280,526
DIEBOLD INC COM 253651103 33,969 1,156,990 SH   SOLE   683,306 0 473,684
DIME CMNTY BANCSHARES COM 253922108 16,862 1,012,719 SH   SOLE   777,862 0 234,857
DONEGAL GROUP INC CL A 257701201 10,503 750,755 SH   SOLE   675,201 0 75,554
DOUGLAS DYNAMICS INC COM 25960r105 10,429 708,009 SH   SOLE   631,262 0 76,747
DOW CHEM CO COM 260543103 42,480 1,106,243 SH   SOLE   428,500 0 677,743
DU PONT E I DE NEMOURS & CO COM 263534109 90,122 1,538,962 SH   SOLE   596,220 0 942,742
DYNAMIC MATLS CORP COM 267888105 4,184 180,517 SH   SOLE   158,641 0 21,876
DYNEX CAP INC COM NEW 26817Q506 12,283 1,400,562 SH   SOLE   1,230,640 0 169,922
EASTERN CO COM 276317104 3,561 220,238 SH   SOLE   196,073 0 24,165
EASTERN INS HLDGS INC COM 276534104 4,781 195,856 SH   SOLE   174,802 0 21,054
EDGEN GROUP INC CL A 28014Q107 362 47,622 SH   SOLE   47,622 0 0
ELECTRO SCIENTIFIC INDS COM 285229100 15,147 1,295,687 SH   SOLE   1,168,317 0 127,370
ELLINGTON FINANCIAL LLC COM 288522303 10,925 486,208 SH   SOLE   26,806 0 459,402
EMERSON ELEC CO COM 291011104 86,176 1,331,929 SH   SOLE   510,090 0 821,839
ENCANA CORP COM 292505104 33,807 1,950,784 SH   SOLE   767,000 0 1,183,784
ENERGEN CORP COM 29265n108 573 7,500 SH   SOLE   7,500 0 0
ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 4,475 148,115 SH   SOLE   0 0 148,115
ENNIS INC COM 293389102 6,618 366,857 SH   SOLE   322,286 0 44,571
ESSA BANCORP INC COM 29667D104 7,553 724,879 SH   SOLE   646,129 0 78,750
ETHAN ALLEN INTERIORS INC COM 297602104 35,484 1,273,190 SH   SOLE   659,280 0 613,910
EXXON MOBIL CORP COM 30231g102 94,620 1,099,720 SH   SOLE   447,680 0 652,040
FBR & CO COM NEW 30247C400 5,597 208,751 SH   SOLE   0 0 208,751
FINISH LINE INC CL A 317923100 40,259 1,618,782 SH   SOLE   821,761 0 797,021
FIRST BANCORP INC ME COM 31866P102 3,904 234,459 SH   SOLE   206,019 0 28,440
FIRST FINL BANCORP OH COM 320209109 31,858 2,100,065 SH   SOLE   1,240,400 0 859,665
FIRST HORIZON NATL CORP COM 320517105 1,374 125,000 SH   SOLE   0 0 125,000
FLUSHING FINL CORP COM 343873105 6,385 346,059 SH   SOLE   307,684 0 38,375
FLY LEASING LTD SPONSORED ADR 34407D109 1,793 129,200 SH   SOLE   0 0 129,200
FOOT LOCKER INC COM 344849104 73,828 2,175,260 SH   SOLE   849,415 0 1,325,845
FORTRESS INVESTMENT GROUP LL CL A 34958B106 10,016 1,261,496 SH   SOLE   133,390 0 1,128,106
FORWARD AIR CORP COM 349853101 24,602 610,010 SH   SOLE   361,144 0 248,866
FREDS INC CL A 356108100 13,467 860,514 SH   SOLE   567,071 0 293,443
FREEPORT-MCMORAN COPPER & GO COM 35671D857 84,026 2,540,080 SH   SOLE   976,200 0 1,563,880
FREIGHTCAR AMER INC COM 357023100 9,435 456,229 SH   SOLE   400,869 0 55,360
FULL HOUSE RESORTS INC COM 359678109 962 345,900 SH   SOLE   0 0 345,900
GENERAL ELECTRIC CO COM 369604103 82,499 3,453,300 SH   SOLE   1,341,200 0 2,112,100
GENERAL MTRS CO *W EXP 07/10/201 37045V126 16,787 902,510 SH   SOLE   33,830 0 868,680
GLADSTONE LD CORP COM 376549101 9,327 611,217 SH   SOLE   552,807 0 58,410
GLOBAL CASH ACCESS HLDGS INC COM 378967103 4,963 635,495 SH   SOLE   0 0 635,495
GLOBAL POWER EQUIPMENT GRP I COM PAR $0.01 37941P306 16,298 810,439 SH   SOLE   699,699 0 110,740
GLOBAL SHIP LEASE INC NEW SHS A Y27183105 31,041 5,992,392 SH   SOLE   279,464 0 5,712,928
GLOBE SPECIALTY METALS INC COM 37954N206 28,615 1,856,905 SH   SOLE   1,102,470 0 754,435
GRANITE CONSTR INC COM 387328107 47,466 1,551,191 SH   SOLE   901,046 0 650,145
GREAT LAKES DREDGE & DOCK CO COM 390607109 17,208 2,315,951 SH   SOLE   2,087,622 0 228,329
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202 345 3,170 SH   SOLE   0 0 3,170
GUESS INC COM 401617105 108,249 3,626,436 SH   SOLE   1,543,389 0 2,083,047
GULF ISLAND FABRICATION INC COM 402307102 15,019 612,762 SH   SOLE   552,190 0 60,572
GULFMARK OFFSHORE INC CL A NEW 402629208 21,225 417,067 SH   SOLE   243,945 0 173,122
HANCOCK HLDG CO COM 410120109 25,760 820,910 SH   SOLE   449,944 0 370,966
HANOVER INS GROUP INC COM 410867105 18,081 326,836 SH   SOLE   184,828 0 142,008
HARSCO CORP COM 415864107 61,634 2,475,261 SH   SOLE   1,086,673 0 1,388,588
HAYNES INTERNATIONAL INC COM NEW 420877201 13,447 297,163 SH   SOLE   164,624 0 132,539
HERCULES TECH GROWTH CAP INC COM 427096508 15,951 1,045,948 SH   SOLE   618,312 0 427,636
HERITAGE FINL CORP WASH COM 42722x106 6,277 404,461 SH   SOLE   355,391 0 49,070
HF FINL CORP COM 404172108 2,541 197,927 SH   SOLE   176,019 0 21,908
HILL ROM HLDGS INC COM 431475102 3,232 90,213 SH   SOLE   50,245 0 39,968
HOME FED BANCORP INC MD COM 43710G105 6,149 488,809 SH   SOLE   441,992 0 46,817
HOUSTON WIRE & CABLE CO COM 44244K109 5,280 392,545 SH   SOLE   318,849 0 73,696
HOWARD HUGHES CORP COM 44267D107 12,114 107,806 SH   SOLE   11,680 0 96,126
HUDSON VALLEY HOLDING CORP COM 444172100 5,785 308,060 SH   SOLE   274,420 0 33,640
HUNTSMAN CORP COM 447011107 44,197 2,144,429 SH   SOLE   817,200 0 1,327,229
IBERIABANK CORP COM 450828108 27,847 536,445 SH   SOLE   315,193 0 221,252
ICICI BK LTD ADR 45104G104 3,213 105,420 SH   SOLE   53,300 0 52,120
INFINITY PPTY & CAS CORP COM 45665Q103 35,399 547,972 SH   SOLE   323,334 0 224,638
ING U S INC COM 45685E106 2,620 89,700 SH   SOLE   0 0 89,700
INGREDION INC COM 457187102 49,493 747,965 SH   SOLE   268,250 0 479,715
INTEL CORP COM 458140100 91,192 3,978,538 SH   SOLE   1,537,010 0 2,441,528
INTERNATIONAL BUSINESS MACHS COM 459200101 66,972 361,660 SH   SOLE   139,750 0 221,910
INTERNATIONAL GAME TECHNOLOG COM 459902102 2,003 105,790 SH   SOLE   0 0 105,790
INTERSIL CORP CL A 46069S109 36,251 3,228,024 SH   SOLE   1,903,574 0 1,324,450
ISHARES MSCI TAIWAN ETF 464286731 1,684 120,980 SH   SOLE   120,980 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 4,604 326,050 SH   SOLE   180,735 0 145,315
IXYS CORP COM 46600W106 10,306 1,067,997 SH   SOLE   963,105 0 104,892
JETBLUE AIRWAYS CORP COM 477143101 3,402 510,500 SH   SOLE   0 0 510,500
JMP GROUP INC COM 46629U107 5,972 964,834 SH   SOLE   862,714 0 102,120
JOHNSON & JOHNSON COM 478160104 62,156 716,992 SH   SOLE   280,225 0 436,767
JOHNSON CTLS INC COM 478366107 46,470 1,119,763 SH   SOLE   401,050 0 718,713
JONES GROUP INC COM 48020t101 27,368 1,823,346 SH   SOLE   905,286 0 918,060
JPMORGAN CHASE & CO COM 46625h100 74,681 1,444,784 SH   SOLE   563,080 0 881,704
KBR INC COM 48242W106 424 13,000 SH   SOLE   13,000 0 0
KELLOGG CO COM 487836108 48,849 831,762 SH   SOLE   322,750 0 509,012
KINDER MORGAN INC DEL COM 49456B101 52,591 1,478,518 SH   SOLE   573,550 0 904,968
KNIGHT TRANSN INC COM 499064103 26,520 1,605,343 SH   SOLE   937,594 0 667,749
KOHLS CORP COM 500255104 56,858 1,098,711 SH   SOLE   430,355 0 668,356
KRONOS WORLDWIDE INC COM 50105F105 20,968 1,353,627 SH   SOLE   804,125 0 549,502
LANDAUER INC COM 51476K103 15,597 304,337 SH   SOLE   272,877 0 31,460
LAS VEGAS SANDS CORP COM 517834107 13,339 200,824 SH   SOLE   16,324 0 184,500
LEAR CORP COM NEW 521865204 13,798 192,796 SH   SOLE   18,960 0 173,836
LIMONEIRA CO COM 532746104 2,244 87,364 SH   SOLE   10,001 0 77,363
LINEAR TECHNOLOGY CORP COM 535678106 63,008 1,588,716 SH   SOLE   631,435 0 957,281
LSI INDS INC COM 50216C108 9,604 1,137,965 SH   SOLE   1,013,177 0 124,788
M & T BK CORP COM 55261F104 47,534 424,712 SH   SOLE   145,100 0 279,612
M D C HLDGS INC COM 552676108 46,260 1,541,489 SH   SOLE   903,559 0 637,930
MACYS INC COM 55616P104 71,227 1,646,100 SH   SOLE   585,900 0 1,060,200
MARATHON OIL CORP COM 565849106 75,478 2,163,936 SH   SOLE   838,680 0 1,325,256
MARATHON PETE CORP COM 56585A102 45,024 700,000 SH   SOLE   270,800 0 429,200
MARINE PRODS CORP COM 568427108 5,342 588,353 SH   SOLE   525,359 0 62,994
MATERION CORP COM 576690101 2,212 69,006 SH   SOLE   62,523 0 6,483
MBIA INC COM 55262C100 3,695 361,200 SH   SOLE   0 0 361,200
MCDONALDS CORP COM 580135101 48,254 501,550 SH   SOLE   176,130 0 325,420
MEDTRONIC INC COM 585055106 38,904 730,595 SH   SOLE   284,150 0 446,445
MENS WEARHOUSE INC COM 587118100 23,492 689,917 SH   SOLE   405,741 0 284,176
MERCURY GENL CORP NEW COM 589400100 26,494 548,426 SH   SOLE   215,656 0 332,770
MERIDIAN BIOSCIENCE INC COM 589584101 11,771 498,102 SH   SOLE   285,029 0 213,073
MERITOR INC COM 59001K100 5,513 701,343 SH   SOLE   0 0 701,343
METLIFE INC COM 59156R108 44,995 958,364 SH   SOLE   367,000 0 591,364
MFA FINL INC COM 55272X102 6,333 850,000 SH   SOLE   55,000 0 795,000
MGIC INVT CORP WIS COM 552848103 2,062 283,200 SH   SOLE   0 0 283,200
MICREL INC COM 594793101 50,179 5,508,073 SH   SOLE   3,496,888 0 2,011,185
MICROCHIP TECHNOLOGY INC COM 595017104 44,569 1,106,195 SH   SOLE   434,945 0 671,250
MICROSOFT CORP COM 594918104 89,576 2,691,575 SH   SOLE   1,037,279 0 1,654,296
MIDDLEBURG FINANCIAL CORP COM 596094102 7,957 412,721 SH   SOLE   370,959 0 41,762
MILLER INDS INC TENN COM NEW 600551204 3,768 221,888 SH   SOLE   194,908 0 26,980
MKS INSTRUMENT INC COM 55306N104 31,840 1,197,458 SH   SOLE   706,148 0 491,310
MOLSON COORS BREWING CO CL B 60871R209 48,213 961,752 SH   SOLE   383,065 0 578,687
MORGAN STANLEY COM NEW 617446448 57,733 2,142,239 SH   SOLE   809,750 0 1,332,489
MOSAIC CO NEW COM 61945C103 48,946 1,137,751 SH   SOLE   425,150 0 712,601
MULTI COLOR CORP COM 625383104 7,383 217,597 SH   SOLE   195,827 0 21,770
MURPHY OIL CORP COM 626717102 56,236 932,301 SH   SOLE   367,990 0 564,311
NATIONAL BK HLDGS CORP CL A 633707104 21,668 1,054,900 SH   SOLE   621,945 0 432,955
NATIONAL FUEL GAS CO N J COM 636180101 45,255 658,156 SH   SOLE   255,570 0 402,586
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 366 25,000 SH   SOLE   25,000 0 0
NEW RESIDENTIAL INVT CORP COM 64828T102 38,707 5,847,039 SH   SOLE   2,935,029 0 2,912,010
NEWCASTLE INVT CORP COM 65105M108 12,378 2,202,560 SH   SOLE   230,060 0 1,972,500
NEXTERA ENERGY INC COM 65339F101 35,932 448,256 SH   SOLE   174,550 0 273,706
NORANDA ALUM HLDG CORP COM 65542W107 3,440 1,398,189 SH   SOLE   873,803 0 524,386
NORFOLK SOUTHERN CORP COM 655844108 46,382 599,641 SH   SOLE   233,105 0 366,536
NORTHEAST CMNTY BANCORP INC COM 664112109 235 34,872 SH   SOLE   30,642 0 4,230
NORTHERN TIER ENERGY LP COM UN REPR PART 665826103 8,522 432,175 SH   SOLE   28,185 0 403,990
NORTHERN TR CORP COM 665859104 65,229 1,199,503 SH   SOLE   471,120 0 728,383
NORTHFIELD BANCORP INC DEL COM 66611T108 8,154 671,689 SH   SOLE   367,919 0 303,770
NORTHSTAR RLTY FIN CORP COM 66704R100 11,456 1,234,532 SH   SOLE   106,690 0 1,127,842
NORTHWEST NAT GAS CO COM 667655104 6,314 150,408 SH   SOLE   87,263 0 63,145
NUCOR CORP COM 670346105 61,345 1,251,430 SH   SOLE   482,680 0 768,750
NUTRI SYS INC NEW COM 67069D108 288 20,000 SH   SOLE   17,570 0 2,430
OCCIDENTAL PETE CORP DEL COM 674599105 99,114 1,059,587 SH   SOLE   408,010 0 651,577
OLD NATL BANCORP IND COM 680033107 14,115 994,020 SH   SOLE   559,300 0 434,720
ORITANI FINL CORP DEL COM 68633D103 5,882 357,332 SH   SOLE   196,735 0 160,597
PACIFIC CONTINENTAL CORP COM 69412V108 10,492 800,318 SH   SOLE   712,658 0 87,660
PANHANDLE OIL AND GAS INC CL A 698477106 3,702 130,907 SH   SOLE   117,079 0 13,828
PARK ELECTROCHEMICAL CORP COM 700416209 1,980 69,093 SH   SOLE   60,690 0 8,403
PENN WEST PETE LTD NEW COM 707887105 39,453 3,544,737 SH   SOLE   1,411,120 0 2,133,617
PENNEY J C INC COM 708160106 2,232 253,500 SH   SOLE   20,000 0 233,500
PEOPLES FINL CORP MISS COM 71103B102 4,689 403,220 SH   SOLE   358,703 0 44,517
PEOPLES UNITED FINANCIAL INC COM 712704105 29,694 2,064,977 SH   SOLE   818,190 0 1,246,787
PERFORMANT FINL CORP COM 71377E105 4,908 450,236 SH   SOLE   34,740 0 415,496
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 399 23,850 SH   SOLE   0 0 23,850
PG&E CORP COM 69331C108 44,796 1,094,713 SH   SOLE   421,840 0 672,873
PHILIP MORRIS INTL INC COM 718172109 62,724 724,376 SH   SOLE   296,846 0 427,530
PINNACLE FOODS INC DEL COM 72348P104 3,879 146,553 SH   SOLE   0 0 146,553
PNC FINL SVCS GROUP INC COM 693475105 40,525 559,346 SH   SOLE   212,363 0 346,983
PORTLAND GEN ELEC CO COM NEW 736508847 29,775 1,054,728 SH   SOLE   609,723 0 445,005
PRECISION DRILLING CORP COM 2010 74022D308 38,766 3,907,873 SH   SOLE   1,565,872 0 2,342,001
PROVIDENT NEW YORK BANCORP COM 744028101 6,484 595,370 SH   SOLE   531,012 0 64,358
PRUDENTIAL FINL INC COM 744320102 85,686 1,098,815 SH   SOLE   416,550 0 682,265
PSYCHEMEDICS CORP COM NEW 744375205 6,071 458,215 SH   SOLE   407,775 0 50,440
PZENA INVESTMENT MGMT INC CLASS A 74731Q103 4,839 713,660 SH   SOLE   634,360 0 79,300
QUALCOMM INC COM 747525103 82,304 1,222,583 SH   SOLE   472,000 0 750,583
QUALITY SYS INC COM 747582104 23,120 1,063,950 SH   SOLE   641,195 0 422,755
QUANEX BUILDING PRODUCTS COR COM 747619104 34,469 1,830,547 SH   SOLE   1,123,020 0 707,527
RAIT FINANCIAL TRUST COM NEW 749227609 8,626 1,218,380 SH   SOLE   118,880 0 1,099,500
REGAL BELOIT CORP COM 758750103 34,733 511,310 SH   SOLE   295,695 0 215,615
REGIS CORP MINN COM 758932107 27,058 1,843,187 SH   SOLE   1,082,434 0 760,753
RESOURCES CONNECTION INC COM 76122q105 49,234 3,628,121 SH   SOLE   2,344,024 0 1,284,097
REXFORD INDL RLTY INC COM 76169C100 9,647 714,090 SH   SOLE   638,180 0 75,910
RICKS CABARET INTL INC COM NEW 765641303 660 55,994 SH   SOLE   55,994 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 28,451 1,409,837 SH   SOLE   831,442 0 578,395
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 34,949 532,106 SH   SOLE   172,000 0 360,106
SCHAWK INC CL A 806373106 8,253 556,112 SH   SOLE   488,534 0 67,578
SCHULMAN A INC COM 808194104 10,089 342,461 SH   SOLE   186,807 0 155,654
SEARS HOMETOWN & OUTLET STOR COM 812362101 2,353 74,109 SH   SOLE   5,709 0 68,400
SI FINL GROUP INC MD COM 78425V104 2,111 186,002 SH   SOLE   163,405 0 22,597
SIERRA BANCORP COM 82620P102 5,386 342,396 SH   SOLE   308,650 0 33,746
SIMMONS 1ST NATL CORP CL A $1 PAR 828730200 10,969 352,812 SH   SOLE   315,487 0 37,325
SIMPLICITY BANCORP COM 828867101 3,224 207,309 SH   SOLE   182,189 0 25,120
SIMPSON MANUFACTURING CO INC COM 829073105 29,550 907,280 SH   SOLE   535,935 0 371,345
SPARTAN MTRS INC COM 846819100 5,831 960,656 SH   SOLE   854,464 0 106,192
SPARTAN STORES INC COM 846822104 9,639 436,937 SH   SOLE   391,193 0 45,744
STANDARD PAC CORP NEW COM 85375C101 5,778 730,419 SH   SOLE   68,930 0 661,489
STATOIL ASA SPONSORED ADR 85771P102 60,506 2,667,829 SH   SOLE   1,116,350 0 1,551,479
STEEL DYNAMICS INC COM 858119100 54,170 3,239,862 SH   SOLE   1,256,544 0 1,983,318
STERIS CORP COM 859152100 18,829 438,292 SH   SOLE   257,825 0 180,467
STERLING FINL CORP WASH COM NEW 859319303 21,817 761,514 SH   SOLE   433,068 0 328,446
SUMMIT HOTEL PPTYS COM 866082100 17,876 1,945,156 SH   SOLE   1,117,320 0 827,836
SUNTRUST BKS INC COM 867914103 57,873 1,785,097 SH   SOLE   688,118 0 1,096,979
SYNALLOY CP DEL COM 871565107 1,951 119,095 SH   SOLE   105,787 0 13,308
SYNOVUS FINL CORP COM 87161C105 8,294 2,513,400 SH   SOLE   184,000 0 2,329,400
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 444 26,170 SH   SOLE   0 0 26,170
TECHNE CORP COM 878377100 3,640 45,466 SH   SOLE   24,929 0 20,537
TENARIS S A SPONSORED ADR 88031M109 303 6,480 SH   SOLE   0 0 6,480
TESSERA TECHNOLOGIES INC COM 88164L100 35,824 1,852,321 SH   SOLE   1,091,108 0 761,213
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 46,241 1,223,951 SH   SOLE   535,815 0 688,136
TGC INDS INC COM NEW 872417308 8,518 1,079,622 SH   SOLE   972,342 0 107,280
TIDEWATER INC COM 886423102 97,981 1,650,629 SH   SOLE   718,459 0 932,170
TOTAL S A SPONSORED ADR 89151E109 38,150 658,671 SH   SOLE   260,679 0 397,992
TRANSOCEAN LTD REG SHS h8817h100 56,176 1,262,382 SH   SOLE   520,300 0 742,082
TRAVELCENTERS OF AMERICA LLC COM 894174101 4,691 597,517 SH   SOLE   0 0 597,517
TRICO BANCSHARES COM 896095106 6,946 304,932 SH   SOLE   272,433 0 32,499
TRONOX LTD SHS CL A Q9235V101 32,269 1,318,718 SH   SOLE   761,844 0 556,874
TSAKOS ENERGY NAVIGATION LTD SHS G9108L108 15,692 3,011,945 SH   SOLE   2,062,210 0 949,735
U S PHYSICAL THERAPY INC COM 90337L108 3,211 103,302 SH   SOLE   90,732 0 12,570
U S SILICA HLDGS INC COM 90346E103 21,170 850,196 SH   SOLE   488,508 0 361,688
UIL HLDG CORP COM 902748102 24,171 650,100 SH   SOLE   364,740 0 285,360
UMB FINL CORP COM 902788108 16,135 296,925 SH   SOLE   174,308 0 122,617
UNITED CMNTY BANCORP IND COM 90984R101 4,222 418,057 SH   SOLE   367,197 0 50,860
UNITED FINANCIAL BANCORP INC COM 91030T109 10,606 655,885 SH   SOLE   588,725 0 67,160
UNITED PARCEL SERVICE INC CL B 911312106 73,751 807,169 SH   SOLE   312,500 0 494,669
UNITED STATES OIL FUND LP UNITS 91232N108 5,535 3,311,100 SH Put SOLE   406,100 0 2,905,000
US BANCORP DEL COM NEW 902973304 44,556 1,218,037 SH   SOLE   467,250 0 750,787
VALLEY NATL BANCORP COM 919794107 24,543 2,466,613 SH   SOLE   959,436 0 1,507,177
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 1,157 32,890 SH   SOLE   0 0 32,890
WABASH NATL CORP COM 929566107 3,781 324,303 SH   SOLE   0 0 324,303
WAL-MART STORES INC COM 931142103 77,836 1,052,400 SH   SOLE   407,500 0 644,900
WASHINGTON FED INC COM 938824109 6,319 305,541 SH   SOLE   171,345 0 134,196
WASHINGTON REAL ESTATE INVT SH BEN INT 939653101 26,385 1,044,121 SH   SOLE   616,635 0 427,486
WAUSAU PAPER CORP COM 943315101 15,268 1,175,351 SH   SOLE   1,046,886 0 128,465
WESTAMERICA BANCORPORATION COM 957090103 34,030 684,166 SH   SOLE   404,319 0 279,847
WESTERN REFNG INC COM 959319104 18,042 600,608 SH   SOLE   361,043 0 239,565
WEYCO GROUP INC COM 962149100 5,806 205,021 SH   SOLE   182,933 0 22,088
XYLEM INC COM 98419M100 39,834 1,426,200 SH   SOLE   552,900 0 873,300
ZEP INC COM 98944B108 4,824 296,696 SH   SOLE   260,629 0 36,067