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
EURONAV NV ANTWERPEN SHS B38564108 13,445 1,639,641 SH   SOLE   1,049,767 0 589,874
ALLERGAN PLC SHS G0177J108 4,742 28,175 SH   SOLE   17,400 0 10,775
ARRIS INTL INC SHS G0551A103 18,830 708,693 SH   SOLE   357,671 0 351,022
BRIGHTSPHERE INVESTMNT GRP P SHS G1644T109 13,037 827,247 SH   SOLE   371,861 0 455,386
ENSCO PLC SHS CLASS A G3157S106 16,004 3,645,517 SH   SOLE   2,270,200 0 1,375,317
GOLAR LNG LTD BERMUDA SHS G9456A100 22,488 821,940 SH   SOLE   404,101 0 417,839
TE CONNECTIVITY LTD REG SHS H84989104 5,804 58,095 SH   SOLE   38,695 0 19,400
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 29,522 1,725,434 SH   SOLE   1,223,260 0 502,174
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 16,491 1,017,957 SH   SOLE   503,706 0 514,251
TEEKAY TANKERS LTD CL A Y8565N102 19,637 16,501,624 SH   SOLE   9,687,948 0 6,813,676
AMERICAN ELEC PWR INC COM 025537101 706 10,300 SH   SOLE   400 0 9,900
AMERICAN INTL GROUP INC COM NEW 026874784 7,332 134,731 SH   SOLE   81,400 0 53,331
ASTRAZENECA PLC SPONSORED ADR 046353108 962 27,500 SH   SOLE   13,500 0 14,000
ATLANTIC CAP BANCSHARES INC COM 048269203 10,997 607,596 SH   SOLE   270,201 0 337,395
BP PLC SPONSORED ADR 055622104 22,358 551,507 SH   SOLE   393,407 0 158,100
BANK AMER CORP COM 060505104 38,767 1,292,679 SH   SOLE   788,900 0 503,779
CARPENTER TECHNOLOGY CORP COM 144285103 17,053 386,516 SH   SOLE   185,523 0 200,993
CHESAPEAKE ENERGY CORP COM 165167107 3,501 1,159,124 SH   SOLE   868,300 0 290,824
CITIGROUP INC COM NEW 172967424 39,736 588,687 SH   SOLE   361,080 0 227,607
COCA COLA CO COM 191216100 365 8,400 SH   SOLE   4,700 0 3,700
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 70,696 2,365,222 SH   SOLE   1,074,262 0 1,290,960
CONAGRA BRANDS INC COM 205887102 10,759 291,737 SH   SOLE   174,000 0 117,737
CONMED CORP COM 207410101 10,575 166,980 SH   SOLE   81,048 0 85,932
EZCORP INC CL A NON VTG 302301106 18,447 1,397,512 SH   SOLE   625,368 0 772,144
FIRST BANCORP N C COM 318910106 8,135 228,183 SH   SOLE   91,630 0 136,553
FIRST HORIZON NATL CORP COM 320517105 38,673 2,053,808 SH   SOLE   922,160 0 1,131,648
FLUOR CORP NEW COM 343412102 4,549 79,502 SH   SOLE   44,233 0 35,269
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 27,187 687,747 SH   SOLE   305,970 0 381,777
GREAT PLAINS ENERGY INC COM 391164100 15,967 502,274 SH   SOLE   248,974 0 253,300
HARSCO CORP COM 415864107 11,306 547,527 SH   SOLE   246,436 0 301,091
HOME DEPOT INC COM 437076102 16,091 90,275 SH   SOLE   57,700 0 32,575
KAISER ALUMINUM CORP COM PAR $0.01 483007704 19,842 196,646 SH   SOLE   97,208 0 99,438
LAMB WESTON HLDGS INC COM 513272104 1,212 20,811 SH   SOLE   7,566 0 13,245
LENNAR CORP CL B 526057302 13,990 293,358 SH   SOLE   194,209 0 99,149
LILLY ELI & CO COM 532457108 31,002 400,696 SH   SOLE   241,400 0 159,296
LYON WILLIAM HOMES CL A NEW 552074700 19,904 724,028 SH   SOLE   303,956 0 420,072
MICROSOFT CORP COM 594918104 43,098 472,208 SH   SOLE   289,100 0 183,108
MILLER INDS INC TENN COM NEW 600551204 7,601 304,036 SH   SOLE   130,357 0 173,679
NATIONAL FUEL GAS CO N J COM 636180101 957 18,600 SH   SOLE   18,600 0 0
NORTHROP GRUMMAN CORP COM 666807102 46,588 133,443 SH   SOLE   84,400 0 49,043
OCEANEERING INTL INC COM 675232102 362 19,500 SH   SOLE   19,500 0 0
PFIZER INC COM 717081103 26,666 751,360 SH   SOLE   459,900 0 291,460
PHILIP MORRIS INTL INC COM 718172109 22,867 230,046 SH   SOLE   96,700 0 133,346
PORTLAND GEN ELEC CO COM NEW 736508847 13,742 339,214 SH   SOLE   151,814 0 187,400
PUBLIC SVC ENTERPRISE GROUP COM 744573106 1,331 26,500 SH   SOLE   26,500 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 24,897 390,173 SH   SOLE   305,662 0 84,511
SCIENCE APPLICATNS INTL CP N COM 808625107 22,483 285,315 SH   SOLE   125,078 0 160,237
SEACOR HOLDINGS INC COM 811904101 563 11,017 SH   SOLE   11,017 0 0
SEMPRA ENERGY COM 816851109 1,068 9,600 SH   SOLE   9,600 0 0
SOUTH ST CORP COM 840441109 12,926 151,536 SH   SOLE   59,236 0 92,300
SUNTRUST BKS INC COM 867914103 23,814 350,000 SH   SOLE   226,300 0 123,700
SUPERIOR ENERGY SVCS INC COM 868157108 9,920 1,176,715 SH   SOLE   681,020 0 495,695
TIME WARNER INC COM NEW 887317303 10,470 110,700 SH   SOLE   64,400 0 46,300
TUPPERWARE BRANDS CORP COM 899896104 55,693 1,151,149 SH   SOLE   639,848 0 511,301
TYSON FOODS INC CL A 902494103 14,241 194,580 SH   SOLE   132,335 0 62,245
UFP TECHNOLOGIES INC COM 902673102 3,552 120,390 SH   SOLE   51,849 0 68,541
VOYA FINL INC COM 929089100 9,400 186,133 SH   SOLE   129,499 0 56,634
WALMART INC COM 931142103 22,145 248,900 SH   SOLE   153,900 0 95,000
WELLS FARGO CO NEW COM 949746101 13,181 251,500 SH   SOLE   147,600 0 103,900
WESCO AIRCRAFT HLDGS INC COM 950814103 1,203 117,339 SH   SOLE   60,939 0 56,400
CNO FINL GROUP INC COM 12621E103 54,220 2,502,062 SH   SOLE   1,354,411 0 1,147,651
ABBVIE INC COM 00287Y109 1,348 14,237 SH   SOLE   6,700 0 7,537
ALLY FINL INC COM 02005N100 8,491 312,738 SH   SOLE   190,273 0 122,465
ARCONIC INC COM 03965L100 20,204 876,904 SH   SOLE   585,119 0 291,785
BRIGHTHOUSE FINL INC COM 10922N103 16,270 316,539 SH   SOLE   186,939 0 129,600
C & F FINL CORP COM 12466Q104 1,293 24,577 SH   SOLE   11,302 0 13,275
CA INC COM 12673P105 29,717 876,621 SH   SOLE   542,807 0 333,814
CAPSTAR FINL HLDGS INC COM 14070T102 2,808 149,108 SH   SOLE   62,685 0 86,423
CATCHMARK TIMBER TR INC CL A 14912Y202 9,415 755,006 SH   SOLE   405,977 0 349,029
CISCO SYS INC COM 17275R102 416 9,700 SH   SOLE   9,700 0 0
CONOCOPHILLIPS COM 20825C104 3,065 51,700 SH   SOLE   37,400 0 14,300
DXC TECHNOLOGY CO COM 23355L106 381 3,791 SH   SOLE   171 0 3,620
DEVON ENERGY CORP NEW COM 25179M103 903 28,400 SH   SOLE   28,400 0 0
ENOVA INTL INC COM 29357K103 22,446 1,017,965 SH   SOLE   452,656 0 565,309
ENTERGY CORP NEW COM 29364G103 18,158 230,493 SH   SOLE   161,028 0 69,465
EXELON CORP COM 30161N101 30,850 790,813 SH   SOLE   534,712 0 256,101
FEDEX CORP COM 31428X106 22,641 94,295 SH   SOLE   62,000 0 32,295
FIRST CTZNS BANCSHARES INC N CL A 31946M103 34,418 83,289 SH   SOLE   38,123 0 45,166
FLOWSERVE CORP COM 34354P105 650 15,000 SH   SOLE   600 0 14,400
GOLDMAN SACHS GROUP INC COM 38141G104 8,790 34,900 SH   SOLE   19,700 0 15,200
GOVERNMENT PPTYS INCOME TR COM SHS BEN INT 38376A103 19,389 1,419,420 SH   SOLE   658,818 0 760,602
HP INC COM 40434L105 4,999 228,036 SH   SOLE   140,300 0 87,736
HEWLETT PACKARD ENTERPRISE C COM 42824C109 7,673 437,436 SH   SOLE   277,300 0 160,136
HIGHPOINT RES CORP COM 43114K108 35,521 6,992,381 SH   SOLE   3,940,831 0 3,051,550
INNOSPEC INC COM 45768S105 50,438 735,251 SH   SOLE   395,122 0 340,129
JPMORGAN CHASE & CO COM 46625H100 37,806 343,781 SH   SOLE   212,400 0 131,381
KBR INC COM 48242W106 101,388 6,262,366 SH   SOLE   3,672,719 0 2,589,647
KAPSTONE PAPER & PACKAGING C COM 48562P103 14,412 420,065 SH   SOLE   236,882 0 183,183
MASTERCARD INCORPORATED CL A 57636Q104 11,727 66,950 SH   SOLE   37,350 0 29,600
MERCK & CO INC COM 58933Y105 25,016 459,256 SH   SOLE   273,700 0 185,556
NELNET INC CL A 64031N108 7,184 137,066 SH   SOLE   59,482 0 77,584
NEXTERA ENERGY INC COM 65339F101 1,535 9,400 SH   SOLE   5,300 0 4,100
ORACLE CORP COM 68389X105 21,644 473,100 SH   SOLE   263,500 0 209,600
PPL CORP COM 69351T106 1,146 40,500 SH   SOLE   40,500 0 0
REGIONS FINL CORP NEW COM 7591EP100 7,878 424,000 SH   SOLE   270,400 0 153,600
TENET HEALTHCARE CORP COM NEW 88033G407 8,233 339,500 SH   SOLE   158,578 0 180,922
TETRA TECHNOLOGIES INC DEL COM 88162F105 9,442 2,517,995 SH   SOLE   1,354,770 0 1,163,225
VERIZON COMMUNICATIONS INC COM 92343V104 673 14,068 SH   SOLE   400 0 13,668
VIRTUS INVT PARTNERS INC COM 92828Q109 43,499 351,367 SH   SOLE   156,447 0 194,920
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 1,823 65,521 SH   SOLE   39,926 0 25,595