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
A.O. SMITH CORP	com	831865209	3	30	SH		SOLE		30	0	0
AKAMAI	com	00971t101	24	450	SH		SOLE		450	0	0
ALLIANT ENERGY CORP.	com	018802108	195	5,084	SH		SOLE		5,084	0	0
ALTRIA GROUP INC	com	02209s103	4,409	69,730	SH		SOLE		69,730	0	0
AMERICAN ELEC PWR INC	com	025537101	3	50	SH		SOLE		50	0	0
AMERISOURCEBERGEN CORP.	com	03073E105	56	694	SH		SOLE		694	0	0
AMES NATIONAL CORPORATION	com	031001100	1,391	50,283	SH		SOLE		50,283	0	0
AMETEK, INC.	com	031100100	164	3,427	SH		SOLE		3,427	0	0
AMPCO-PITTSBURGH CORP.	com	032037103	1,093	98,587	SH		SOLE		98,587	0	0
AMPHENOL CORP. - CL A	com	032095101	284	4,370	SH		SOLE		4,370	0	0
AON CORP COM	com	g0408v102	79	700	SH		SOLE		700	0	0
APOGEE ENTERPRISES INC	com	037598109	3,463	77,500	SH		SOLE		77,500	0	0
APTARGROUP INC	com	038336103	8,458	109,262	SH		SOLE		109,262	0	0
ARCTIC CAT INC.	com	039670104	1,378	88,992	SH		SOLE		88,992	0	0
ARES CAPITAL CORP	com	04010l103	3,443	222,153	SH		SOLE		222,153	0	0
ASSOCIATED BANC-CORP	com	045487105	74	3,795	SH		SOLE		3,795	0	0
ASTEC INDUSTRIES INC	com	046224101	4,928	82,306	SH		SOLE		82,306	0	0
AT & T CORP.	com	00206r102	3,150	77,572	SH		SOLE		77,572	0	0
ATRION CORPORATION	com	049904105	2,290	5,368	SH		SOLE		5,368	0	0
BADGER METER INC	com	056525108	1,736	51,808	SH		SOLE		51,808	0	0
BALDWIN & LYONS, INC.	com	057755209	1,209	47,155	SH		SOLE		47,155	0	0
BAR HARBOR BANKSHARES INC	com	066849100	862	23,463	SH		SOLE		23,463	0	0
BARD C R INC	com	067383109	407	1,816	SH		SOLE		1,816	0	0
BAXALTA INC	com	07177M103	2	45	SH		SOLE		45	0	0
BAXTER INTL INC	com	071813109	2	45	SH		SOLE		45	0	0
BUCKLE INC	com	118440106	1,368	56,947	SH		SOLE		56,947	0	0
CABOT MICROELECTRONICS CORPORATION	com	12709p103	2,245	42,425	SH		SOLE		42,425	0	0
CAL-MAINE FOODS INC	com	128030202	2,612	67,772	SH		SOLE		67,772	0	0
CARBO CERAMICS INC	com	140781105	1,573	143,807	SH		SOLE		143,807	0	0
CHEESECAKE FACTORY INC	com	163072101	68	1,355	SH		SOLE		1,355	0	0
CHEVRON CORPORATION	com	166764100	3,301	32,069	SH		SOLE		32,069	0	0
CHURCH & DWIGHT CO., INC.	com	171340102	236	4,930	SH		SOLE		4,930	0	0
CINTAS CORP.	com	172908105	131	1,165	SH		SOLE		1,165	0	0
CISCO SYS INC COM	com	17275R102	129	4,080	SH		SOLE		4,080	0	0
CLARCOR INC	com	179895107	73	1,122	SH		SOLE		1,122	0	0
COCA COLA CO	com	191216100	2,719	64,237	SH		SOLE		64,237	0	0
COLUMBUS- MCKINNON INC	com	199333105	2,662	149,193	SH		SOLE		149,193	0	0
CONTINENTAL RESOURCES, INC.	com	212015101	89	1,721	SH		SOLE		1,721	0	0
COPART, INC.	com	217204106	209	3,895	SH		SOLE		3,895	0	0
CPI AEROSTRUCTURES INC	com	125919308	510	74,288	SH		SOLE		74,288	0	0
CREE, INC.	com	225447101	46	1,776	SH		SOLE		1,776	0	0
CUBIC CORPORATION	com	229669106	2,020	43,151	SH		SOLE		43,151	0	0
DARDEN RESTAURANTS	com	237194105	2,496	40,708	SH		SOLE		40,708	0	0
DIAMONDBACK ENERGY INC	com	25278X109	85	878	SH		SOLE		878	0	0
DIGITAL REALTY TRUST INC	com	253868103	3,812	39,253	SH		SOLE		39,253	0	0
DISCOVERY COMMUNICATIONS	com	25470f302	175	6,635	SH		SOLE		6,635	0	0
DOW CHEM CO	com	260543103	2,736	52,792	SH		SOLE		52,792	0	0
DRIL-QUIP INC	com	262037104	2,425	43,505	SH		SOLE		43,505	0	0
DUKE ENERGY CO	com	26441c204	2,940	36,728	SH		SOLE		36,728	0	0
DULUTH HOLDINGS INC CLASS B	com	26443V101	1,364	51,456	SH		SOLE		51,456	0	0
EMERSON ELEC CO COM	com	291011104	2,801	51,387	SH		SOLE		51,387	0	0
ESPEY MANUFACTURE & ELECTRONICS INC	com	296650104	1,406	55,655	SH		SOLE		55,655	0	0
FIDELITY NATIONAL INFO SRV	com	31620m106	97	1,265	SH		SOLE		1,265	0	0
FIRST OF LONG ISLAND CORPORATION	com	320734106	1,979	59,685	SH		SOLE		59,685	0	0
FISERV, INC.	com	337738108	256	2,573	SH		SOLE		2,573	0	0
FLOWER FOODS INC	com	343498101	1,696	112,164	SH		SOLE		112,164	0	0
FRANKLIN ELECTRIC CO., INC.	com	353514102	988	24,265	SH		SOLE		24,265	0	0
FREIGHTCAR AMERICA, INC.	com	357023100	963	66,985	SH		SOLE		66,985	0	0
GALLAGHER (ARTHUR J.) & CO.	com	363576109	2,350	46,194	SH		SOLE		46,194	0	0
GERMAN AMERICAN BANCORP INC	com	373865104	1,661	42,673	SH		SOLE		42,673	0	0
GLOBAL PAYMENTS	com	37940X102	83	1,082	SH		SOLE		1,082	0	0
GORMAN-RUPP COMPANY INC	com	383082104	10,415	406,692	SH		SOLE		406,692	0	0
GRAHAM CORPORATION	com	384556106	1,959	102,583	SH		SOLE		102,583	0	0
GRANITE CONSTRUCTION INC	com	387328107	9,323	187,435	SH		SOLE		187,435	0	0
GULF ISLAND FABRICATION INC	com	402307102	1,487	161,641	SH		SOLE		161,641	0	0
HARDINGE INC	com	412324303	1,889	169,766	SH		SOLE		169,766	0	0
HASBRO INC COM	com	418056107	0	0	SH		SOLE		0	0	0
HAWKINS INC	com	420261109	1,471	33,948	SH		SOLE		33,948	0	0
HENRY SCHEIN, INC.	com	806407102	206	1,262	SH		SOLE		1,262	0	0
HEWLETT-PACKARD INC	com	40434L105	3,381	217,717	SH		SOLE		217,717	0	0
HINGHAM INSTITUTION FOR SAVINGS	com	433323102	1,800	12,993	SH		SOLE		12,993	0	0
HOOKER FURNITURE CORP.	com	439038100	2,174	88,758	SH		SOLE		88,758	0	0
HUBBELL INC.	com	443510607	75	695	SH		SOLE		695	0	0
HYSTER-YALE MATERIALS HANDLING, INC.	com	449172105	2,488	41,377	SH		SOLE		41,377	0	0
I SHARES RUSSELL 2000 VALUE	com	464287630	7	70	SH		SOLE		70	0	0
ICU MEDICAL INC	com	44930G107	2,587	20,473	SH		SOLE		20,473	0	0
INTL BUSINESS MACHINES	com	459200101	2,802	17,640	SH		SOLE		17,640	0	0
INTUIT, INC.	com	461202103	74	670	SH		SOLE		670	0	0
ISHR DJ SELECT DIVIDEND	com	464287168	15	175	SH		SOLE		175	0	0
J & J SNACK FOODS CORPORATION	com	466032109	9,218	77,383	SH		SOLE		77,383	0	0
JOHNSON & JOHNSON	com	478160104	3,199	27,077	SH		SOLE		27,077	0	0
JOHNSON OUTDOORS INC	com	479167108	4,317	118,684	SH		SOLE		118,684	0	0
KEWAUNEE SCIENTIFIC CORPORATION	com	492854104	832	34,896	SH		SOLE		34,896	0	0
KIMBALL ELECTRONICS, INC	com	49428J109	2,047	147,697	SH		SOLE		147,697	0	0
KIMBERLY CLARK CORP	com	494368103	3,346	26,530	SH		SOLE		26,530	0	0
KINDER MORGAN, INC.	com	49456b101	0	0	SH		SOLE		0	0	0
KMG CHEMICALS INC	com	482564101	2,486	87,740	SH		SOLE		87,740	0	0
L.B. FOSTER COMPANY INC	com	350060109	1,923	160,149	SH		SOLE		160,149	0	0
L.S. STARRETT COMPANY CL A	com	855668109	344	35,044	SH		SOLE		35,044	0	0
LAKELAND INDUSTRIES INC	com	511795106	946	95,044	SH		SOLE		95,044	0	0
LEGGETT & PLATT, INC	com	524660107	2,307	50,622	SH		SOLE		50,622	0	0
LINCOLN ELECTRIC HOLDINGS INC	com	533900106	1,212	19,352	SH		SOLE		19,352	0	0
LOCKHEED MARTIN CORP COM	com	539830109	3,902	16,276	SH		SOLE		16,276	0	0
LSI INDUSTRIES INC	com	50216c108	3,004	267,507	SH		SOLE		267,507	0	0
MARCUS CORPORATION	com	566330106	12,062	481,715	SH		SOLE		481,715	0	0
MARTEN TRANSPORT LTD	com	573075108	1,069	50,909	SH		SOLE		50,909	0	0
MCDONALDS CORP	com	580135101	3,483	30,192	SH		SOLE		30,192	0	0
MEDNAX	com	58502b106	145	2,192	SH		SOLE		2,192	0	0
MERCK & CO INC	com	58933Y105	2,901	46,489	SH		SOLE		46,489	0	0
MERIT MEDICAL SYSTEMS INC	com	589889104	2,201	90,593	SH		SOLE		90,593	0	0
MFRI INC	com	552721102	1,045	136,440	SH		SOLE		136,440	0	0
MICROCHIP TECHNOLOGY INC	com	595017104	2,739	44,074	SH		SOLE		44,074	0	0
MICROSOFT CORP	com	594918104	60	1,045	SH		SOLE		1,045	0	0
MILLER INDUSTRIES, INC.	com	600551204	1,532	67,217	SH		SOLE		67,217	0	0
MKS INSTRUMENTS INC	com	55306n104	2,683	53,942	SH		SOLE		53,942	0	0
MONARCH CASINO & RESORT INC	com	609027107	2,985	118,608	SH		SOLE		118,608	0	0
MORNINGSTAR INC	com	617700109	68	855	SH		SOLE		855	0	0
MSA SAFETY INC.	com	553498106	10,147	174,821	SH		SOLE		174,821	0	0
MSC INDUSTRIAL DIRECT CO., INC.	com	553530106	78	1,064	SH		SOLE		1,064	0	0
NATIONAL PRESTO INDUSTRIES INC	com	637215104	3,246	36,980	SH		SOLE		36,980	0	0
NCR CORPORATION	com	62886e108	4	135	SH		SOLE		135	0	0
OCCIDENTAL PETE CORP DEL	com	674599105	4	60	SH		SOLE		60	0	0
OIL STATES INTERNATIONAL, INC	com	678026105	1,251	39,620	SH		SOLE		39,620	0	0
OIL-DRI CORPORATION OF AMERICA INC	com	677864100	1,408	37,411	SH		SOLE		37,411	0	0
OLD DOMINION FREIGHT LINE	com	679580100	3	40	SH		SOLE		40	0	0
PARK ELECTROCHEMICAL CORP	com	700416209	1,704	98,095	SH		SOLE		98,095	0	0
PAYCHEX INC.	com	704326107	3,203	55,349	SH		SOLE		55,349	0	0
PHILIP MORRIS INTL INC COM	com	718172109	3,023	31,098	SH		SOLE		31,098	0	0
PIONEER NATURAL RESOURCES CO	com	723787107	231	1,245	SH		SOLE		1,245	0	0
POLO RALPH LAUREN CORP	com	751212101	51	505	SH		SOLE		505	0	0
POWELL INDUSTRIES INC	com	739128106	1,677	41,875	SH		SOLE		41,875	0	0
PROCTER & GAMBLE CO	com	742718109	3,217	35,840	SH		SOLE		35,840	0	0
QUANTA SERVICES, INC.	com	74762E102	1	40	SH		SOLE		40	0	0
REPUBLIC SERVICES INC	com	760759100	252	4,995	SH		SOLE		4,995	0	0
RESMED, INC.	com	761152107	142	2,190	SH		SOLE		2,190	0	0
REYNOLDS AMERICAN INC	com	761713106	3,839	81,421	SH		SOLE		81,421	0	0
RPC INC	com	749660106	1,769	105,293	SH		SOLE		105,293	0	0
RPM INTERNATIONAL, INC.	com	749685103	112	2,093	SH		SOLE		2,093	0	0
S&P 400 MID-CAP DEP RECPT	com	78467Y107	268	950	SH		SOLE		950	0	0
SANDERSON FARMS INC	com	800013104	3,005	31,198	SH		SOLE		31,198	0	0
SIFCO INDUSTRIES INC	com	826546103	2,986	301,274	SH		SOLE		301,274	0	0
SIX FLAGS ENTERTAINMENT CORP.	com	83001A102	4,245	79,176	SH		SOLE		79,176	0	0
SNAP ON INC COM	com	833034101	61	399	SH		SOLE		399	0	0
SOUTHERN CO	com	842587107	2,768	53,951	SH		SOLE		53,951	0	0
SPAN-AMERICAN MEDICAL SYSTEMS INC	com	846396109	2,149	116,867	SH		SOLE		116,867	0	0
STERICYCLE, INC.	com	858912108	79	983	SH		SOLE		983	0	0
STURM RUGER & COMPANY INC	com	864159108	11,485	198,838	SH		SOLE		198,838	0	0
SUN HYDRAULICS CORPORATION	com	866942105	2,718	84,236	SH		SOLE		84,236	0	0
SYNALLOY CORPORATION	com	871565107	1,157	121,672	SH		SOLE		121,672	0	0
TARGET CORP.	com	87612e106	1,232	17,945	SH		SOLE		17,945	0	0
TELEFLEX INC COM	com	879369106	162	965	SH		SOLE		965	0	0
THERMO FISHER SCIENTIFIC INC	com	883556102	373	2,348	SH		SOLE		2,348	0	0
THOR INDUSTRIES INC	com	885160101	1,894	22,360	SH		SOLE		22,360	0	0
TWIN DISC INC	com	901476101	2,412	201,325	SH		SOLE		201,325	0	0
UNIT CORPORATION	com	909218109	3,983	214,132	SH		SOLE		214,132	0	0
UTAH MEDICAL PRODUCTS INC	com	917488108	2,947	49,275	SH		SOLE		49,275	0	0
VALUE LINE INC	com	920437100	227	14,007	SH		SOLE		14,007	0	0
VANGUARD INDEX 500 FUND	com	922908108	5	26	SH		SOLE		26	0	0
VARIAN MEDICAL EQUIPMENT	com	92220p105	61	615	SH		SOLE		615	0	0
VERIZON COMMUNICATIONS	com	92343V104	2,768	53,246	SH		SOLE		53,246	0	0
W.P CAREY INC REIT	com	92936U109	3,057	47,372	SH		SOLE		47,372	0	0
WASTE MANAGEMENT INC.	com	94106L109	3,380	53,011	SH		SOLE		53,011	0	0
WEIS MARKETS INC	com	948849104	4,287	80,885	SH		SOLE		80,885	0	0
WHITING PETROLEUM CORP.	com	966387102	6	730	SH		SOLE		730	0	0
ZUMIEZ INC.	com	989817101	512	28,427	SH		SOLE		28,427	0	0