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 5,361 582,691 SH   SOLE   400,877 0 181,814
ALLERGAN PLC SHS G0177J108 2,777 16,500 SH   SOLE   11,400 0 5,100
VALARIS PLC SHS CLASS A G9402V109 118 24,550 SH   SOLE   24,550 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 6,521 501,994 SH   SOLE   438,841 0 63,153
TE CONNECTIVITY LTD REG SHS H84989104 3,902 41,880 SH   SOLE   26,095 0 15,785
MYLAN N V SHS EURO N59465109 4,982 251,865 SH   SOLE   169,165 0 82,700
NXP SEMICONDUCTORS N V COM N6596X109 7,964 72,981 SH   SOLE   43,981 0 29,000
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 32,514 3,393,957 SH   SOLE   2,318,019 0 1,075,938
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 401 25,911 SH   SOLE   12,644 0 13,267
TEEKAY TANKERS LTD CL A Y8565N102 2,676 2,058,679 SH   SOLE   1,847,829 0 210,850
AMERICAN ELEC PWR CO INC COM 025537101 937 10,000 SH   SOLE   500 0 9,500
AMERICAN INTL GROUP INC COM NEW 026874784 2,653 47,625 SH   SOLE   22,400 0 25,225
ASTRAZENECA PLC SPONSORED ADR 046353108 495 11,100 SH   SOLE   0 0 11,100
ATLANTIC CAP BANCSHARES INC COM 048269203 1,467 84,612 SH   SOLE   67,439 0 17,173
BP PLC SPONSORED ADR 055622104 13,038 343,207 SH   SOLE   277,607 0 65,600
BANK AMER CORP COM 060505104 19,566 670,764 SH   SOLE   365,300 0 305,464
BLACK HILLS CORP COM 092113109 1,762 22,969 SH   SOLE   16,369 0 6,600
CARPENTER TECHNOLOGY CORP COM 144285103 13,901 269,090 SH   SOLE   178,329 0 90,761
CARTER BK & TR MARTINSVILLE COM 146102108 151 8,000 SH   SOLE   3,800 0 4,200
CHESAPEAKE ENERGY CORP COM 165167107 15,691 11,128,059 SH   SOLE   7,351,041 0 3,777,018
CITIGROUP INC COM NEW 172967424 21,638 313,225 SH   SOLE   168,570 0 144,655
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 30,794 947,497 SH   SOLE   670,725 0 276,772
CONAGRA BRANDS INC COM 205887102 6,857 223,500 SH   SOLE   109,800 0 113,700
CONMED CORP COM 207410101 3,063 31,855 SH   SOLE   27,952 0 3,903
CONTINENTAL RESOURCES INC COM 212015101 10,118 328,600 SH   SOLE   222,400 0 106,200
EZCORP INC CL A NON VTG 302301106 3,322 514,610 SH   SOLE   416,441 0 98,169
FIRST BANCORP N C COM 318910106 1,379 38,407 SH   SOLE   29,068 0 9,339
FIRST HORIZON NATL CORP COM 320517105 7,871 485,868 SH   SOLE   393,568 0 92,300
FIRSTENERGY CORP COM 337932107 15,815 327,900 SH   SOLE   156,800 0 171,100
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 10,041 207,033 SH   SOLE   134,333 0 72,700
HARSCO CORP COM 415864107 1,782 94,012 SH   SOLE   48,012 0 46,000
HOME DEPOT INC COM 437076102 17,030 73,400 SH   SOLE   44,200 0 29,200
KAISER ALUMINUM CORP COM PAR $0.01 483007704 5,016 50,684 SH   SOLE   44,584 0 6,100
LAMB WESTON HLDGS INC COM 513272104 1,503 20,662 SH   SOLE   14,066 0 6,596
LENNAR CORP CL B 526057302 7,386 166,453 SH   SOLE   97,754 0 68,699
LILLY ELI & CO COM 532457108 16,922 151,322 SH   SOLE   85,000 0 66,322
LYON WILLIAM HOMES CL A NEW 552074700 980 48,120 SH   SOLE   29,022 0 19,098
MICROSOFT CORP COM 594918104 40,190 289,073 SH   SOLE   170,700 0 118,373
MILLER INDS INC TENN COM NEW 600551204 4,578 137,467 SH   SOLE   113,175 0 24,292
NATIONAL FUEL GAS CO N J COM 636180101 849 18,100 SH   SOLE   18,100 0 0
NORTHROP GRUMMAN CORP COM 666807102 23,480 62,648 SH   SOLE   45,000 0 17,648
OCEANEERING INTL INC COM 675232102 264 19,500 SH   SOLE   19,500 0 0
PFIZER INC COM 717081103 7,491 208,500 SH   SOLE   146,300 0 62,200
PHILIP MORRIS INTL INC COM 718172109 8,724 114,900 SH   SOLE   25,100 0 89,800
PORTLAND GEN ELEC CO COM NEW 736508847 3,672 65,145 SH   SOLE   54,445 0 10,700
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 16,325 277,404 SH   SOLE   211,958 0 65,446
SCIENCE APPLICATNS INTL CP N COM 808625107 9,284 106,290 SH   SOLE   81,790 0 24,500
SEACOR HOLDINGS INC COM 811904101 448 9,517 SH   SOLE   9,517 0 0
SOUTH ST CORP COM 840441109 645 8,561 SH   SOLE   4,220 0 4,341
SUNTRUST BKS INC COM 867914103 14,847 215,800 SH   SOLE   137,200 0 78,600
SUPERIOR ENERGY SVCS INC COM 868157108 248 1,906,696 SH   SOLE   1,764,796 0 141,900
TUPPERWARE BRANDS CORP COM 899896104 5,103 321,572 SH   SOLE   181,177 0 140,395
TYSON FOODS INC CL A 902494103 8,979 104,235 SH   SOLE   64,935 0 39,300
UFP TECHNOLOGIES INC COM 902673102 726 18,810 SH   SOLE   15,279 0 3,531
VOYA FINL INC COM 929089100 4,464 81,999 SH   SOLE   62,299 0 19,700
WALMART INC COM 931142103 17,363 146,300 SH   SOLE   77,100 0 69,200
WESCO AIRCRAFT HLDGS INC COM 950814103 6,690 607,625 SH   SOLE   354,136 0 253,489
CNO FINL GROUP INC COM 12621E103 21,448 1,354,885 SH   SOLE   880,612 0 474,273
AMC ENTMT HLDGS INC CL A COM 00165C104 2,459 229,779 SH   SOLE   176,079 0 53,700
AT&T INC COM 00206R102 21,304 563,001 SH   SOLE   282,972 0 280,029
ABBVIE INC COM 00287Y109 4,152 54,837 SH   SOLE   0 0 54,837
BRIGHTHOUSE FINL INC COM 10922N103 5,299 130,946 SH   SOLE   75,141 0 55,805
BRIGHTSPHERE INVT GROUP INC COM 10948W103 668 67,376 SH   SOLE   48,343 0 19,033
C & F FINL CORP COM 12466Q104 248 4,718 SH   SOLE   3,376 0 1,342
CSI COMPRESSCO LP COM UNIT 12637A103 1,698 573,665 SH   SOLE   573,665 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 681 41,080 SH   SOLE   23,541 0 17,539
CATCHMARK TIMBER TR INC CL A 14912Y202 1,869 175,155 SH   SOLE   161,195 0 13,960
CONOCOPHILLIPS COM 20825C104 1,373 24,100 SH   SOLE   21,000 0 3,100
DEVON ENERGY CORP NEW COM 25179M103 614 25,500 SH   SOLE   25,500 0 0
ENOVA INTL INC COM 29357K103 5,723 275,808 SH   SOLE   230,151 0 45,657
ENTERGY CORP NEW COM 29364G103 14,673 125,028 SH   SOLE   72,528 0 52,500
EVERGY INC COM 30034W106 7,332 110,152 SH   SOLE   71,652 0 38,500
EXELON CORP COM 30161N101 17,319 358,500 SH   SOLE   193,900 0 164,600
FEDEX CORP COM 31428X106 13,640 93,699 SH   SOLE   46,699 0 47,000
FIRST CTZNS BANCSHARES INC N CL A 31946M103 8,456 17,933 SH   SOLE   14,788 0 3,145
FLOWSERVE CORP COM 34354P105 383 8,200 SH   SOLE   0 0 8,200
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 9,663 226,400 SH   SOLE   143,100 0 83,300
GOLDMAN SACHS GROUP INC COM 38141G104 5,388 26,000 SH   SOLE   13,600 0 12,400
HP INC COM 40434L105 2,584 136,600 SH   SOLE   92,500 0 44,100
HANGER INC COM NEW 41043F208 3,418 167,710 SH   SOLE   135,110 0 32,600
HEWLETT PACKARD ENTERPRISE C COM 42824C109 5,140 338,800 SH   SOLE   204,400 0 134,400
HIGHPOINT RES CORP COM 43114K108 1,648 1,036,357 SH   SOLE   936,357 0 100,000
INNOSPEC INC COM 45768S105 11,944 133,995 SH   SOLE   111,557 0 22,438
JPMORGAN CHASE & CO COM 46625H100 25,909 220,145 SH   SOLE   132,900 0 87,245
KBR INC COM 48242W106 76,906 3,133,922 SH   SOLE   2,171,159 0 962,763
MASTERCARD INC CL A 57636Q104 17,150 63,150 SH   SOLE   32,850 0 30,300
MERCK & CO INC COM 58933Y105 10,969 130,300 SH   SOLE   95,900 0 34,400
NELNET INC CL A 64031N108 1,562 24,555 SH   SOLE   21,155 0 3,400
NEXTERA ENERGY INC COM 65339F101 746 3,200 SH   SOLE   200 0 3,000
OFFICE PPTYS INCOME TR COM SHS BEN INT 67623C109 2,643 86,272 SH   SOLE   66,419 0 19,853
ORACLE CORP COM 68389X105 11,072 201,200 SH   SOLE   102,600 0 98,600
QURATE RETAIL INC COM SER A 74915M100 4,367 423,333 SH   SOLE   269,333 0 154,000
REGIONS FINL CORP NEW COM 7591EP100 7,057 446,100 SH   SOLE   265,700 0 180,400
TENET HEALTHCARE CORP COM NEW 88033G407 1,073 48,506 SH   SOLE   38,181 0 10,325
TETRA TECHNOLOGIES INC DEL COM 88162F105 685 340,700 SH   SOLE   272,200 0 68,500
VERIZON COMMUNICATIONS INC COM 92343V104 410 6,800 SH   SOLE   0 0 6,800
VISA INC COM CL A 92826C839 464 2,700 SH   SOLE   100 0 2,600
VIRTUS INVT PARTNERS INC COM 92828Q109 5,105 46,174 SH   SOLE   37,989 0 8,185