Morgan Dempsey Capital Management 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
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
ALERIAN MLP ETF	Com	00162q866	114	6,445	SH		SOLE		6,445	0	0
ALLIANT ENERGY CORP.	Com	018802108	568	9,990	SH		SOLE		9,990	0	0
ALTRIA GROUP INC	Com	02209s103	809	21,610	SH		SOLE		21,610	0	0
AMERICAN ELEC PWR INC	Com	025537101	715	14,110	SH		SOLE		14,110	0	0
AMETEK, INC.	Com	031100100	347	6,742	SH		SOLE		6,742	0	0
AMPCO-PITTSBURGH CORP.	Com	032037103	1,758	93,186	SH		SOLE		93,186	0	0
AMPHENOL CORP. - CL A	Com	032095101	192	2,095	SH		SOLE		2,095	0	0
AON CORP COM	Com	g0408v102	317	3,764	SH		SOLE		3,764	0	0
APOGEE ENTERPRISES INC	Com	037598109	4,549	136,891	SH		SOLE		136,891	0	0
APTARGROUP INC	Com	038336103	15,972	241,636	SH		SOLE		241,636	0	0
ARES CAPITAL CORP	Com	04010l103	836	47,446	SH		SOLE		47,446	0	0
ASSOCIATED BANC-CORP	Com	045487105	91	5,030	SH		SOLE		5,030	0	0
ASTEC INDUSTRIES INC	Com	046224101	7,752	176,535	SH		SOLE		176,535	0	0
ASTRONICS CORPORATION	Com	046433108	5,066	79,889	SH		SOLE		79,889	0	0
ASTRONICS CORPORATION CLASS B	Com	046433207	158	2,435	SH		SOLE		2,435	0	0
AT & T CORP.	Com	00206r102	845	24,094	SH		SOLE		24,094	0	0
ATRION CORPORATION	Com	049904105	3,155	10,306	SH		SOLE		10,306	0	0
BADGER METER INC	Com	056525108	2,559	46,434	SH		SOLE		46,434	0	0
BALCHEM CORPORATION	Com	057665200	1,467	28,143	SH		SOLE		28,143	0	0
BALDWIN & LYONS, INC.	Com	057755209	2,897	110,178	SH		SOLE		110,178	0	0
BAR HARBOR BANKSHARES INC	Com	066849100	1,249	32,579	SH		SOLE		32,579	0	0
BARD C R INC	Com	067383109	239	1,616	SH		SOLE		1,616	0	0
BUCKEYE PARTNERS LP	Com	118230101	616	8,206	SH		SOLE		8,206	0	0
BUCKLE INC	Com	118440106	2,529	55,228	SH		SOLE		55,228	0	0
C&J ENERGY SERVICES INC	Com	12467B304	8,631	295,981	SH		SOLE		295,981	0	0
CABOT MICROELECTRONICS CORPORA	Com	12709p103	3,382	76,872	SH		SOLE		76,872	0	0
CAL-MAINE FOODS INC	Com	128030202	6,779	107,976	SH		SOLE		107,976	0	0
CHEVRONTEXACO CORPORATION	Com	166764100	80	670	SH		SOLE		670	0	0
CHURCH & DWIGHT CO., INC.	Com	171340102	226	3,278	SH		SOLE		3,278	0	0
CINTAS CORP.	Com	172908105	204	3,424	SH		SOLE		3,424	0	0
COLGATE PALMOLIVE CO	Com	194162103	47	730	SH		SOLE		730	0	0
COLUMBUS- MCKINNON INC	Com	199333105	1,429	53,350	SH		SOLE		53,350	0	0
CONOCOPHILLIPS	Com	20825C104	608	8,648	SH		SOLE		8,648	0	0
COPART, INC.	Com	217204106	288	7,925	SH		SOLE		7,925	0	0
CPI AEROSTRUCTURES INC	Com	125919308	1,989	152,991	SH		SOLE		152,991	0	0
CUBIC CORPORATION	Com	229669106	4,022	78,749	SH		SOLE		78,749	0	0
CVS CORP	Com	126650100	61	820	SH		SOLE		820	0	0
DARDEN RESTAURANTS	Com	237194105	615	12,124	SH		SOLE		12,124	0	0
DAWSON GEOPHYSICAL COMPANY INC	Com	239359102	1,238	44,216	SH		SOLE		44,216	0	0
DENTSPLY INTERNATIONAL, INC.	Com	249030107	30	650	SH		SOLE		650	0	0
DICKS SPORTING GOODS	Com	253393102	207	3,785	SH		SOLE		3,785	0	0
DIGITAL REALTY TRUST INC	Com	253868103	384	7,243	SH		SOLE		7,243	0	0
DISCOVERY COMMUNICATIONS	Com	25470f302	190	2,467	SH		SOLE		2,467	0	0
DISNEY WALT CO DEL	Com	254687106	51	640	SH		SOLE		640	0	0
DOMINION RES INC VA	Com	25746U109	397	5,594	SH		SOLE		5,594	0	0
DRIL-QUIP INC	Com	262037104	6,971	62,189	SH		SOLE		62,189	0	0
DUKE ENERGY CO	Com	26441c204	626	8,793	SH		SOLE		8,793	0	0
EMERSON ELEC CO COM	Com	291011104	48	715	SH		SOLE		715	0	0
ENBRIDGE ENERGY MANAGEMENT	Com	29250X103	63	2,276	SH		SOLE		2,276	0	0
ENBRIDGE ENERGY PARTNERS, L.P.	Com	29250R106	521	19,018	SH		SOLE		19,018	0	0
ENERGY TRANSFER PARTNERS LP	Com	29273r109	608	11,308	SH		SOLE		11,308	0	0
ENTERPRISE PRODUCTS PARTNERS L	Com	293792107	761	10,968	SH		SOLE		10,968	0	0
ESPEY MANUFACTURE & ELECTRONIC	Com	296650104	3,214	117,952	SH		SOLE		117,952	0	0
FIDELITY LOW PRICED STOCK	Com	316345305	48	952	SH		SOLE		952	0	0
FIDELITY NATIONAL INFO SRV	Com	31620m106	17	314	SH		SOLE		314	0	0
FIRST OF LONG ISLAND CORPORATI	Com	320734106	2,995	73,747	SH		SOLE		73,747	0	0
FISERV, INC.	Com	337738108	354	6,246	SH		SOLE		6,246	0	0
FLOWER FOODS INC	Com	343498101	6,326	294,939	SH		SOLE		294,939	0	0
FREIGHTCAR AMERICA, INC.	Com	357023100	1,406	60,486	SH		SOLE		60,486	0	0
FURMANITE CORPORATION	Com	361086101	1,890	192,418	SH		SOLE		192,418	0	0
GALLAGHER (ARTHUR J.) & CO.	Com	363576109	583	12,248	SH		SOLE		12,248	0	0
GLOBAL PAYMENTS	Com	37940X102	168	2,367	SH		SOLE		2,367	0	0
GORMAN-RUPP COMPANY INC	Com	383082104	17,523	551,213	SH		SOLE		551,213	0	0
GRAHAM CORPORATION	Com	384556106	4,144	130,098	SH		SOLE		130,098	0	0
GRANITE CONSTRUCTION INC	Com	387328107	21,369	535,155	SH		SOLE		535,155	0	0
GULF ISLAND FABRICATION INC	Com	402307102	6,576	304,282	SH		SOLE		304,282	0	0
GULFMARK OFFSHORE INC	Com	402629208	6,555	145,866	SH		SOLE		145,866	0	0
HARDINGE INC	Com	412324303	5,760	400,009	SH		SOLE		400,009	0	0
HASBRO INC COM	Com	418056107	641	11,518	SH		SOLE		11,518	0	0
HAWKINS INC	Com	420261109	2,626	71,471	SH		SOLE		71,471	0	0
HELMERICH & PAYNE INC	Com	423452101	383	3,563	SH		SOLE		3,563	0	0
HEXCEL CORPORATION	Com	428291108	231	5,312	SH		SOLE		5,312	0	0
HINGHAM INSTITUTION FOR SAVING	Com	433323102	2,125	27,068	SH		SOLE		27,068	0	0
HOOKER FURNITURE CORP.	Com	439038100	2,732	174,460	SH		SOLE		174,460	0	0
ICU MEDICAL INC	Com	44930G107	3,395	56,694	SH		SOLE		56,694	0	0
INTEL CORP	Com	458140100	575	22,269	SH		SOLE		22,269	0	0
INTUIT, INC.	Com	461202103	117	1,505	SH		SOLE		1,505	0	0
ISHR DJ SELECT DIVIDEND	Com	464287168	42	575	SH		SOLE		575	0	0
J & J SNACK FOODS CORPORATION	Com	466032109	18,189	189,527	SH		SOLE		189,527	0	0
JACOBS ENGINEERING GROUP INC	Com	469814107	198	3,123	SH		SOLE		3,123	0	0
JOHNSON & JOHNSON	Com	478160104	857	8,728	SH		SOLE		8,728	0	0
JOHNSON OUTDOORS INC	Com	479167108	7,242	284,900	SH		SOLE		284,900	0	0
KAYNE ANDERSON MLP INVESTMENT	Com	486606106	123	3,360	SH		SOLE		3,360	0	0
KIMBERLY CLARK CORP	Com	494368103	909	8,245	SH		SOLE		8,245	0	0
KINDER MORGAN ENERGY PRTNRS	Com	494550106	593	8,022	SH		SOLE		8,022	0	0
KINDER MORGAN MANAGEMENT	Com	49455U100	184	2,573	SH		SOLE		2,573	0	0
KMG CHEMICALS INC	Com	482564101	2,661	169,720	SH		SOLE		169,720	0	0
KOSS CORPORATION	Com	500692108	929	186,271	SH		SOLE		186,271	0	0
L.B. FOSTER COMPANY INC	Com	350060109	10,216	218,054	SH		SOLE		218,054	0	0
L.S. STARRETT COMPANY CL A	Com	855668109	1,163	73,004	SH		SOLE		73,004	0	0
LAKELAND INDUSTRIES INC	Com	511795106	2,153	335,944	SH		SOLE		335,944	0	0
LEGGETT & PLATT, INC	Com	524660107	502	15,379	SH		SOLE		15,379	0	0
LILLY ELI & CO	Com	532457108	700	11,886	SH		SOLE		11,886	0	0
LOCKHEED MARTIN CORP COM	Com	539830109	818	5,013	SH		SOLE		5,013	0	0
LORILLARD INC	Com	544147101	749	13,845	SH		SOLE		13,845	0	0
LSI INDUSTRIES INC	Com	50216c108	4,632	565,628	SH		SOLE		565,628	0	0
MARCUS CORPORATION	Com	566330106	5,640	337,717	SH		SOLE		337,717	0	0
MARTEN TRANSPORT LTD	Com	573075108	2,286	106,231	SH		SOLE		106,231	0	0
MATTEL INC	Com	577081102	435	10,855	SH		SOLE		10,855	0	0
MCDONALDS CORP	Com	580135101	701	7,155	SH		SOLE		7,155	0	0
MEAD JOHNSON NUTRITION COMPANY	Com	582839106	121	1,455	SH		SOLE		1,455	0	0
MEDNAX	Com	58502b106	405	6,529	SH		SOLE		6,529	0	0
MERCK & CO INC	Com	58933Y105	841	14,818	SH		SOLE		14,818	0	0
MERIT MEDICAL SYSTEMS INC	Com	589889104	3,520	246,136	SH		SOLE		246,136	0	0
MFRI INC	Com	552721102	4,302	316,124	SH		SOLE		316,124	0	0
MICROCHIP TECHNOLOGY INC	Com	595017104	660	13,810	SH		SOLE		13,810	0	0
MICROSOFT CORP	Com	594918104	43	1,045	SH		SOLE		1,045	0	0
MILLER INDUSTRIES, INC.	Com	600551204	2,311	118,353	SH		SOLE		118,353	0	0
MITCHAM INDUSTRIES INC	Com	606501104	2,894	207,582	SH		SOLE		207,582	0	0
MKS INSTRUMENTS INC	Com	55306n104	3,112	104,124	SH		SOLE		104,124	0	0
MONARCH CASINO & RESORT INC	Com	609027107	4,185	225,851	SH		SOLE		225,851	0	0
MORNINGSTAR INC	Com	617700109	89	1,121	SH		SOLE		1,121	0	0
MOSAIC COMPANY	Com	61945C103	140	2,805	SH		SOLE		2,805	0	0
MSA SAFETY INC.	Com	553498106	6,087	106,786	SH		SOLE		106,786	0	0
NATIONAL PRESTO INDUSTRIES INC	Com	637215104	6,407	82,097	SH		SOLE		82,097	0	0
NCR CORPORATION	Com	62886e108	212	5,791	SH		SOLE		5,791	0	0
NEW WASTE MANAGEMENT INC.	Com	94106L109	422	10,021	SH		SOLE		10,021	0	0
OIL-DRI CORPORATION OF AMERICA	Com	677864100	2,692	77,948	SH		SOLE		77,948	0	0
OLD DOMINION FREIGHT LINE	Com	679580100	5,384	94,895	SH		SOLE		94,895	0	0
PAYCHEX INC.	Com	704326107	746	17,516	SH		SOLE		17,516	0	0
PEPSICO INC	Com	713448108	29	345	SH		SOLE		345	0	0
PETSMART INC.	Com	716768106	191	2,768	SH		SOLE		2,768	0	0
PIKE ELECTRIC CORPORATION	Com	721283109	1,795	166,841	SH		SOLE		166,841	0	0
PLAINS ALL AMER PIPELINE LP	Com	726503105	406	7,369	SH		SOLE		7,369	0	0
POTASH CORP OF SASKATCHEWAN	Com	73755l107	752	20,749	SH		SOLE		20,749	0	0
POWELL INDUSTRIES INC	Com	739128106	4,216	65,067	SH		SOLE		65,067	0	0
QLIK TECHNOLOGIES INC	Com	74733t105	61	2,285	SH		SOLE		2,285	0	0
QUEST DIAGNOSTICS	Com	74834l100	20	345	SH		SOLE		345	0	0
RAYONIER INC COM	Com	754907103	635	13,829	SH		SOLE		13,829	0	0
REPUBLIC SERVICES INC	Com	760759100	149	4,364	SH		SOLE		4,364	0	0
RESMED, INC.	Com	761152107	131	2,940	SH		SOLE		2,940	0	0
REYNOLDS AMERICAN INC	Com	761713106	799	14,951	SH		SOLE		14,951	0	0
RPC INC	Com	749660106	3,628	177,680	SH		SOLE		177,680	0	0
RPM INTERNATIONAL, INC.	Com	749685103	344	8,216	SH		SOLE		8,216	0	0
S&P 400 MID-CAP DEP RECPT	Com	78467Y107	287	1,146	SH		SOLE		1,146	0	0
S&P500 DEPOSITARY RECEIPT	Com	78462F103	38	202	SH		SOLE		202	0	0
SANDERSON FARMS INC	Com	800013104	4,369	55,669	SH		SOLE		55,669	0	0
SIFCO INDUSTRIES INC	Com	826546103	5,046	165,265	SH		SOLE		165,265	0	0
SIGMA ALDRICH CORP COM	Com	826552101	65	700	SH		SOLE		700	0	0
SIX FLAGS ENTERTAINMENT CORP.	Com	83001A102	680	16,934	SH		SOLE		16,934	0	0
SNAP ON INC COM	Com	833034101	192	1,694	SH		SOLE		1,694	0	0
SOUTHERN CO	Com	842587107	724	16,482	SH		SOLE		16,482	0	0
SPAN-AMERICAN MEDICAL SYSTEMS	Com	846396109	4,643	202,571	SH		SOLE		202,571	0	0
STEPAN COMPANY INC	Com	858586100	2,301	35,646	SH		SOLE		35,646	0	0
STERICYCLE, INC.	Com	858912108	310	2,728	SH		SOLE		2,728	0	0
STURM RUGER & COMPANY INC	Com	864159108	16,004	267,633	SH		SOLE		267,633	0	0
SUN HYDRAULICS CORPORATION	Com	866942105	6,933	160,086	SH		SOLE		160,086	0	0
SUPERIOR ENERGY SERVICES, INC.	Com	868157108	1	30	SH		SOLE		30	0	0
SYNALLOY CORPORATION	Com	871565107	3,598	250,551	SH		SOLE		250,551	0	0
SYNCHRONOSS TECHNOLOGIES INC.,	Com	87157B103	149	4,335	SH		SOLE		4,335	0	0
T ROWE PRICE GROUP, INC.	Com	74144t108	168	2,035	SH		SOLE		2,035	0	0
TEEKAY LNG PARTNERS LP	Com	Y8564M105	21	500	SH		SOLE		500	0	0
TELEFLEX INC COM	Com	879369106	169	1,580	SH		SOLE		1,580	0	0
THERMO FISHER SCIENTIFIC INC	Com	883556102	502	4,179	SH		SOLE		4,179	0	0
THOR INDUSTRIES INC	Com	885160101	2,864	46,901	SH		SOLE		46,901	0	0
TOOTSIE ROLL INDUSTRIES INC	Com	890516107	861	28,753	SH		SOLE		28,753	0	0
TRINITY INDUSTRIES	Com	896522109	461	6,392	SH		SOLE		6,392	0	0
TWIN DISC INC	Com	901476101	4,507	171,095	SH		SOLE		171,095	0	0
UNIT CORPORATION	Com	909218109	20,332	310,984	SH		SOLE		310,984	0	0
UTAH MEDICAL PRODUCTS INC	Com	917488108	11,421	197,495	SH		SOLE		197,495	0	0
VALUE LINE INC	Com	920437100	439	29,318	SH		SOLE		29,318	0	0
VARIAN MEDICAL EQUIPMENT	Com	92220p105	157	1,870	SH		SOLE		1,870	0	0
VERIZON COMMUNICATIONS	Com	92343V104	733	15,414	SH		SOLE		15,414	0	0
W&T OFFSHORE INC	Com	92922p106	1	30	SH		SOLE		30	0	0
WALGREEN CO	Com	931422109	13	200	SH		SOLE		200	0	0
WEIS MARKETS INC	Com	948849104	7,909	160,585	SH		SOLE		160,585	0	0
ZEP INC	Com	98944b108	1,115	63,009	SH		SOLE		63,009	0	0