Keeley-Teton Advisors 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
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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
ABERDEEN ASIA PAC INCM COM	COM	003009107	68	13,590	SH		SOLE		13,590	0	0
ABM Industries, Inc.	COM	000957100	28,895	662,720	SH		SOLE		639,465	0	23,255
AMERICAN CAP SR FLOATING LTD C	COM	02504d108	300	21,789	SH		SOLE		21,789	0	0
AVX Corp	COM	002444107	2,323	141,805	SH		SOLE		141,805	0	0
Abbott Labs	COM	002824100	2,376	53,500	SH		SOLE		53,500	0	0
Aceto Corp.	COM	004446100	1,036	65,520	SH		SOLE		65,520	0	0
Agilent Technologies	COM	00846u101	1,338	25,315	SH		SOLE		25,315	0	0
Air Lease Corp	COM	00912x302	62,299	1,607,710	SH		SOLE		1,449,045	0	158,665
Alere, Inc.	COM	01449J105	14,025	353,020	SH		SOLE		340,735	0	12,285
Allete Inc	COM	018522300	31,456	464,564	SH		SOLE		449,454	0	15,110
Allied World Assurance	COM	H01531104	739	13,910	SH		SOLE		13,910	0	0
Alon USA Energy, Inc.	COM	020520102	2,244	184,050	SH		SOLE		184,050	0	0
Altria Group, Inc.	COM	02209s103	437	6,120	SH		SOLE		6,120	0	0
American Eagle Outfitters	COM	02553e106	1,101	78,458	SH		SOLE		78,458	0	0
American Water Works	COM	030420103	6,249	80,346	SH		SOLE		53,785	0	26,561
Ameriprise Financial	COM	03076c106	1,861	14,350	SH		SOLE		14,350	0	0
AmerisourceBergen	COM	03073e105	2,925	33,051	SH		SOLE		33,051	0	0
Arthur J. Gallagher & Co.	COM	363576109	1,600	28,300	SH		SOLE		28,300	0	0
Ashland Global Holdings Inc.	COM	044186104	8,867	71,616	SH		SOLE		46,024	0	25,592
Associated Banc Corp	COM	045487105	1,744	71,470	SH		SOLE		71,470	0	0
Athene Holding Ltd.	COM	G0684D107	1,968	39,368	SH		SOLE		39,368	0	0
Atlantica Yield PLC	COM	g0751n103	1,513	72,165	SH		SOLE		72,165	0	0
Autoliv Inc	COM	052800109	1,646	16,098	SH		SOLE		16,098	0	0
Azz Incorporated	COM	002474104	1,891	31,776	SH		SOLE		31,776	0	0
BERKSHIRE HATHAWAY INC CL A	COM	084670108	500	2	SH		SOLE		2	0	0
BLACKROCK NY MUNI 2018 TERM	COM	09248k108	677	45,476	SH		SOLE		45,476	0	0
BLUE HILLS BANCORP INC	COM	095573101	418	23,439	SH		SOLE		23,439	0	0
BOK Financial Corp	COM	05561q201	47,315	604,513	SH		SOLE		539,648	0	64,865
Bab Inc	COM	055183107	19	25,000	SH		SOLE		25,000	0	0
BancorpSouth, Inc.	COM	059692103	45,647	1,508,990	SH		SOLE		1,459,950	0	49,040
Bank of America	COM	060505104	1,280	54,240	SH		SOLE		54,240	0	0
Basic Energy Services	COM	06985p209	14,223	426,360	SH		SOLE		411,725	0	14,635
Baxter International Inc.	COM	071813109	1,114	21,474	SH		SOLE		21,474	0	0
Berkshire Hills Bancorp Inc	COM	084680107	2,832	78,550	SH		SOLE		78,550	0	0
Black Hills Corp.	COM	092113109	35,776	538,224	SH		SOLE		521,499	0	16,725
Bloomin' Brands Inc.	COM	094235108	19,740	1,000,515	SH		SOLE		964,460	0	36,055
Brixmor Property Group Inc.	COM	11120u105	1,638	76,312	SH		SOLE		76,312	0	0
Broadridge Fincl Sol	COM	11133t103	7,747	114,010	SH		SOLE		75,860	0	38,150
C I T Group	COM	125581801	2,666	62,095	SH		SOLE		62,095	0	0
CDK Global, Inc.	COM	12508E101	5,095	78,371	SH		SOLE		45,135	0	33,236
CECO Environmental Corp.	COM	125141101	2,266	215,592	SH		SOLE		215,592	0	0
CSRA Inc.	COM	12650t104	10,223	349,030	SH		SOLE		233,065	0	115,965
Cabot Oil & Gas	COM	127097103	2,023	84,621	SH		SOLE		84,621	0	0
Cal Atlantic Group, Inc.	COM	128195104	1,123	29,978	SH		SOLE		29,978	0	0
California Water Service Group	COM	130788102	1,733	48,335	SH		SOLE		48,335	0	0
Capital Bank Financial Corp Cl	COM	139794101	9,859	227,175	SH		SOLE		219,575	0	7,600
CareTrust REIT Inc.	COM	14174t107	32,316	1,921,276	SH		SOLE		1,722,162	0	199,114
Carriage Services Inc.	COM	143905107	5,842	215,418	SH		SOLE		124,180	0	91,238
Chemed Corporation	COM	16359r103	2,511	13,745	SH		SOLE		13,745	0	0
Chemtura Corporation	COM	163893209	1,629	48,780	SH		SOLE		48,460	0	320
Cigna Corp	COM	125509109	2,214	15,115	SH		SOLE		15,115	0	0
Citigroup Inc.	COM	172967424	1,448	24,212	SH		SOLE		24,212	0	0
City Office Reit, Inc.	COM	178587101	2,439	200,734	SH		SOLE		200,734	0	0
Columbia Banking System, Inc.	COM	197236102	9,267	237,675	SH		SOLE		231,275	0	6,400
Comerica	COM	200340107	4,138	60,335	SH		SOLE		60,335	0	0
Commercial Metals Co	COM	201723103	31,755	1,659,933	SH		SOLE		1,476,335	0	183,598
Compass Diversified Tr SH BEN	COM	20451q104	168	10,142	SH		SOLE		10,142	0	0
Computer Sciences Corp.	COM	205363104	2,763	40,035	SH		SOLE		40,035	0	0
Conagra Foods, Inc.	COM	205887102	2,016	49,980	SH		SOLE		49,980	0	0
Copart Inc.	COM	217204106	5,581	90,125	SH		SOLE		51,915	0	38,210
Corenergy Infrastructure Trust	COM	21870u502	1,606	47,536	SH		SOLE		47,536	0	0
Covanta Holding Corp.	COM	22282e102	1,179	75,120	SH		SOLE		75,120	0	0
Culp, Inc.	COM	230215105	1,732	55,525	SH		SOLE		55,525	0	0
Cypress Semi	COM	232806109	3,116	226,425	SH		SOLE		226,425	0	0
DDR CORP COM	COM	23317h102	1,456	116,210	SH		SOLE		116,210	0	0
Daktronics Inc	COM	234264109	1,416	149,790	SH		SOLE		149,790	0	0
Del Taco Restaurants, Inc.	COM	245496104	9,507	716,982	SH		SOLE		471,025	0	245,957
Delphi Automotive PLC	COM	g27823106	4,890	60,752	SH		SOLE		35,010	0	25,742
Deluxe Corp.	COM	248019101	1,941	26,890	SH		SOLE		26,890	0	0
Denny's Corporation	COM	24869p104	35,555	2,874,308	SH		SOLE		2,639,188	0	235,120
Diamonds Trust Ser I Unit	COM	78467x109	215	1,041	SH		SOLE		1,041	0	0
Diebold Nixdorf	COM	253651103	28,694	934,646	SH		SOLE		905,521	0	29,125
Discover Financial Svc	COM	254709108	4,668	68,250	SH		SOLE		68,250	0	0
Disney Co.	COM	254687106	421	3,717	SH		SOLE		3,717	0	0
Dolby Laboratories Inc.	COM	25659T107	4,392	83,797	SH		SOLE		83,797	0	0
Donnelley Financial Solutions	COM	25787G100	6,397	331,622	SH		SOLE		320,617	0	11,005
Dow Chemical	COM	260543103	251	3,949	SH		SOLE		3,949	0	0
Dun & Bradstreet	COM	26483e100	2,187	20,263	SH		SOLE		20,263	0	0
EOG Resources Inc	COM	26875p101	3,296	33,790	SH		SOLE		33,790	0	0
EPR Properties	COM	26884u109	1,901	25,815	SH		SOLE		25,815	0	0
EQT Corporation	COM	26884L109	1,574	25,754	SH		SOLE		25,754	0	0
Eastgroup Pptys Inc	COM	277276101	223	3,038	SH		SOLE		3,038	0	0
Eaton Vance Tax Mged Buy Write	COM	27828y108	378	24,823	SH		SOLE		24,823	0	0
Eaton Vance Tax Mged Gbl buy W	COM	27829c105	234	21,451	SH		SOLE		21,451	0	0
El Paso Electric Co.	COM	283677854	1,529	30,270	SH		SOLE		30,270	0	0
Energen Corp	COM	29265N108	9,231	169,571	SH		SOLE		106,555	0	63,016
Ensign Group Inc.	COM	29358P101	27,870	1,482,454	SH		SOLE		1,435,174	0	47,280
Entegra Financial Corp.	COM	29363j108	1,127	47,650	SH		SOLE		47,650	0	0
Enterprise Products Partners	COM	293792107	292	10,568	SH		SOLE		10,568	0	0
Equity Commonwealth	COM	294628102	10,536	337,460	SH		SOLE		245,435	0	92,025
Equity Lifestyles Properties,	COM	29472R108	1,407	18,260	SH		SOLE		18,260	0	0
Equity Residential Properties	COM	29476l107	376	6,040	SH		SOLE		6,040	0	0
Esco Technologies, Inc.	COM	296315104	36,378	626,120	SH		SOLE		553,425	0	72,695
Exxon Corp	COM	30231G102	382	4,653	SH		SOLE		4,653	0	0
F.N.B. Corporation	COM	302520101	1,957	131,587	SH		SOLE		131,587	0	0
FARMLAND PARTNERS INC COM	COM	31154r109	465	41,633	SH		SOLE		41,633	0	0
FBL Financial Group	COM	30239f106	2,955	45,149	SH		SOLE		45,149	0	0
FMC Corp.	COM	302491303	2,621	37,663	SH		SOLE		37,663	0	0
FNF Group	COM	31620R303	5,920	152,019	SH		SOLE		88,547	0	63,472
Federated Investors, Inc.	COM	314211103	1,252	47,545	SH		SOLE		47,545	0	0
Fidelity National Info	COM	31620m106	4,346	54,581	SH		SOLE		54,581	0	0
Foot Locker, Inc.	COM	344849104	2,120	28,335	SH		SOLE		28,335	0	0
Fortune Brands Home Security	COM	34964c106	5,725	94,082	SH		SOLE		55,797	0	38,285
GLADSTONE LD CORP COM	COM	376549101	363	32,715	SH		SOLE		32,715	0	0
Gaming and Leisure Properties,	COM	36467J108	5,505	164,723	SH		SOLE		94,865	0	69,858
Generac Holdings, Inc.	COM	368736104	23,464	629,406	SH		SOLE		549,036	0	80,370
General Electric Co	COM	369604103	454	15,245	SH		SOLE		15,245	0	0
Glacier Bancorp Inc	COM	37637q105	1,940	57,185	SH		SOLE		57,185	0	0
Gramercy Property Trust, Inc.	COM	385002308	2,065	78,517	SH		SOLE		78,517	0	0
HANNON ARMSTRONG SUST COM	COM	41068x100	889	44,020	SH		SOLE		44,020	0	0
HSN Inc	COM	404303109	2,154	58,070	SH		SOLE		58,070	0	0
Hanmi Financial Corp	COM	410495204	14,651	476,459	SH		SOLE		325,000	0	151,459
Hanover Insurance Group Inc	COM	410867105	993	11,028	SH		SOLE		11,028	0	0
Harris Corp	COM	413875105	1,960	17,615	SH		SOLE		17,615	0	0
Hawkins, Inc.	COM	420261109	1,781	36,340	SH		SOLE		36,340	0	0
Healthcare Realty Trust	COM	421946104	1,093	33,645	SH		SOLE		33,645	0	0
Healthcare Trust of America, I	COM	42225p501	2,512	79,858	SH		SOLE		79,858	0	0
Hewlett Packard Enterprise Com	COM	42824c109	1,060	44,722	SH		SOLE		44,722	0	0
Hilltop Holdings Inc.	COM	432748101	41,195	1,499,623	SH		SOLE		1,448,473	0	51,150
HollyFontier Corp.	COM	436106108	2,186	77,138	SH		SOLE		77,138	0	0
HomeTrust Bancshares, Inc.	COM	437872104	275	11,700	SH		SOLE		11,700	0	0
Hospitality Properties trust	COM	44106m102	542	17,175	SH		SOLE		17,175	0	0
Howard Hughes Corporation	COM	44267d107	10,948	93,371	SH		SOLE		65,626	0	27,745
Huntsman Corp	COM	447011107	9,105	371,025	SH		SOLE		255,891	0	115,134
ISHARES TR DJ US UTILS	COM	464287697	300	2,340	SH		SOLE		2,340	0	0
ISHARES TR IBOXX INV CP ETF	COM	464287242	585	4,962	SH		SOLE		4,962	0	0
ISHARES TR S&P 500 INDEX	COM	464287200	11,031	46,493	SH		SOLE		46,493	0	0
IShares Inc MSCI Australia Ind	COM	464286103	320	14,149	SH		SOLE		14,149	0	0
IShares Select Dividend	COM	464287168	981	10,772	SH		SOLE		10,772	0	0
IShares TR FTSE Xinhua HK Chin	COM	464287184	615	15,985	SH		SOLE		15,985	0	0
IShares Tr Dow Jones US Finl S	COM	464287788	736	7,075	SH		SOLE		7,075	0	0
IShares Tr MSCI EAFE Index Fun	COM	464287465	1,146	18,400	SH		SOLE		18,400	0	0
IShares US Real Estate ETF	COM	464287739	405	5,164	SH		SOLE		5,164	0	0
ITT Inc.	COM	45073v108	31,782	774,799	SH		SOLE		668,371	0	106,428
IXYS Corporation	COM	46600W106	1,537	105,616	SH		SOLE		105,616	0	0
Iberiabank Corp.	COM	450828108	30,904	390,691	SH		SOLE		378,151	0	12,540
Illinois Tool Works	COM	452308109	585	4,417	SH		SOLE		4,417	0	0
Intel Corp.	COM	458140100	2,207	61,200	SH		SOLE		61,200	0	0
Investor Bancorp Inc.	COM	46146L101	144	10,000	SH		SOLE		10,000	0	0
Iron Mountain, Inc.	COM	46284V101	10,091	282,892	SH		SOLE		211,735	0	71,157
John Bean Tech, Corp.	COM	477839104	45,322	515,315	SH		SOLE		452,905	0	62,410
Johnson Controls Int'l Plc	COM	g51502105	2,014	47,808	SH		SOLE		47,808	0	0
KBR Inc.	COM	48242w106	20,734	1,379,540	SH		SOLE		1,336,475	0	43,065
Kaiser Aluminum Corp	COM	483007704	29,223	365,739	SH		SOLE		333,037	0	32,702
Kapstone Paper and Packaging	COM	48562P103	16,030	693,944	SH		SOLE		669,399	0	24,545
Kearney Financial Corp.	COM	48716P108	29,574	1,965,024	SH		SOLE		1,895,944	0	69,080
Kennedy Wilson Holdings	COM	489398107	41,078	1,850,381	SH		SOLE		1,792,651	0	57,730
Knowles Corp.	COM	49926D109	29,961	1,581,081	SH		SOLE		1,349,940	0	231,141
Laboratory Corp. of America Ho	COM	50540r409	5,613	39,126	SH		SOLE		22,545	0	16,581
Lamar Advertising Co Cl A	COM	512816109	9,138	122,269	SH		SOLE		84,160	0	38,109
Lamb Weston Holdings, Inc.	COM	513272104	6,078	144,500	SH		SOLE		92,470	0	52,030
LegacyTexas Financial Group, I	COM	52471Y106	2,496	62,546	SH		SOLE		62,546	0	0
Lincoln National Corp.	COM	534187109	3,170	48,427	SH		SOLE		48,427	0	0
Littelfuse Inc.	COM	537008104	404	2,524	SH		SOLE		2,524	0	0
Lockheed Martin	COM	539830109	261	976	SH		SOLE		976	0	0
MDU Resource Group	COM	552690109	10,614	387,785	SH		SOLE		264,315	0	123,470
Macquarie Global Infrastrcture	COM	55608d101	621	27,169	SH		SOLE		27,169	0	0
Macquarie Infrastructure	COM	55608b105	3,844	47,706	SH		SOLE		47,706	0	0
Marriott Vacations	COM	57164y107	12,605	126,141	SH		SOLE		87,925	0	38,216
Medical Properties Trust, Inc.	COM	58463j304	949	73,592	SH		SOLE		73,592	0	0
Mercer International	COM	588056101	2,349	200,780	SH		SOLE		200,780	0	0
Mid-Amer Apt Cmntys Inc	COM	59522j103	598	5,880	SH		SOLE		5,880	0	0
Mitel Networks Corporation	COM	60671q104	29,829	4,304,329	SH		SOLE		3,804,218	0	500,111
Molson Coors Brewing Co	COM	60871R209	3,059	31,959	SH		SOLE		31,959	0	0
Mondelez International Inc.	COM	609207105	3,114	72,291	SH		SOLE		72,291	0	0
NCR Corp	COM	62886e108	289	6,323	SH		SOLE		6,323	0	0
NRG Energy Inc	COM	629377508	18,390	983,404	SH		SOLE		735,736	0	247,668
Nacco Industries, Inc.	COM	629579103	2,423	34,716	SH		SOLE		34,716	0	0
National Fuel & Gas Co	COM	636180101	1,885	31,615	SH		SOLE		31,615	0	0
National Storage Affiliates Tr	COM	637870106	1,590	66,510	SH		SOLE		66,510	0	0
Nexstar Media Group	COM	65336K103	49,853	710,659	SH		SOLE		688,359	0	22,300
Nuveen Mun Value Fd.	COM	670928100	223	22,765	SH		SOLE		22,765	0	0
OGE Energy Corp.	COM	670837103	1,845	52,755	SH		SOLE		52,755	0	0
OM Asset Management PLC	COM	g67506108	5,469	361,703	SH		SOLE		208,529	0	153,174
Occidental Petroleum	COM	674599105	717	11,314	SH		SOLE		11,314	0	0
Oceanfirst Financial Corporati	COM	675234108	16,269	577,422	SH		SOLE		560,432	0	16,990
Opus Bank	COM	684000102	13,285	659,295	SH		SOLE		637,655	0	21,640
Orbital ATK, Inc.	COM	68557N103	9,010	91,941	SH		SOLE		52,987	0	38,954
Oritani Financial Corp.	COM	68633d103	1,442	84,830	SH		SOLE		84,830	0	0
Oshkosh Corporation	COM	688239201	2,388	34,820	SH		SOLE		34,820	0	0
Outfront Media, Inc.	COM	69007J106	49,836	1,877,065	SH		SOLE		1,814,775	0	62,290
Owens & Minor Inc.	COM	690732102	1,256	36,290	SH		SOLE		36,290	0	0
PPL Corporation	COM	69351T106	1,716	45,902	SH		SOLE		45,902	0	0
PVH Corp.	COM	693656100	6,060	58,567	SH		SOLE		33,775	0	24,792
Parsley Energy, Inc.	COM	701877102	28,291	870,231	SH		SOLE		793,431	0	76,800
Patterson Uti Energy	COM	703481101	9,184	378,425	SH		SOLE		298,025	0	80,400
Paypal Inc.	COM	70450y103	1,009	23,450	SH		SOLE		23,450	0	0
Penske Automotive	COM	70959w103	23,692	506,141	SH		SOLE		454,596	0	51,545
Pfizer Inc.	COM	717081103	1,517	44,349	SH		SOLE		44,349	0	0
Plantronics Inc.	COM	727493108	2,120	39,180	SH		SOLE		39,180	0	0
Potlatch Corp	COM	737630103	1,634	35,750	SH		SOLE		35,750	0	0
Powershares QQQ Trust	COM	73935a104	481	3,637	SH		SOLE		3,637	0	0
Primoris Services Corp	COM	74164f103	2,023	87,115	SH		SOLE		87,115	0	0
Proctor & Gamble	COM	742718109	385	4,282	SH		SOLE		4,282	0	0
Provident Financial	COM	74386t105	30,297	1,172,046	SH		SOLE		1,134,061	0	37,985
RPM International Inc.	COM	749685103	1,817	33,025	SH		SOLE		33,025	0	0
Ralph Lauren Corp.	COM	751212101	973	11,926	SH		SOLE		11,926	0	0
Regal Beloit Corp.	COM	758750103	1,812	23,950	SH		SOLE		23,950	0	0
Reinsurance Group of America	COM	759351604	1,488	11,717	SH		SOLE		11,717	0	0
Ritchie Bros. Auctioneers	COM	767744105	21,097	641,258	SH		SOLE		619,728	0	21,530
Ross Stores Inc	COM	778296103	261	3,963	SH		SOLE		3,963	0	0
Ryder Systems	COM	783549108	10,708	141,947	SH		SOLE		94,267	0	47,680
Ryman Hospitality Properties	COM	78377T107	35,528	574,609	SH		SOLE		520,415	0	54,194
S&P MidCap 400 Spdrs	COM	78467y107	516	1,651	SH		SOLE		1,651	0	0
SM Energy Company	COM	78454l100	6,400	266,446	SH		SOLE		181,656	0	84,790
SPDR S&P 500 ETF	COM	78462f103	4,411	18,711	SH		SOLE		18,711	0	0
SPDR SERIES TRUST S&P 400 MDCP	COM	78464a821	359	2,580	SH		SOLE		2,580	0	0
SRC Energy Inc.	COM	78470v108	20,267	2,401,283	SH		SOLE		2,317,203	0	84,080
Sabra Health Care REIT	COM	78573l106	38,827	1,390,142	SH		SOLE		1,250,456	0	139,686
Sanderson Farms, Inc.	COM	800013104	2,222	21,395	SH		SOLE		21,395	0	0
Schlumberger Ltd.	COM	806857108	215	2,757	SH		SOLE		2,757	0	0
Scripps Networks Interactive	COM	811065101	2,583	32,958	SH		SOLE		32,958	0	0
SemGroup Corporation	COM	81663A105	1,213	33,690	SH		SOLE		33,690	0	0
Sensient Technologies Corp	COM	81725t100	29,594	373,375	SH		SOLE		360,265	0	13,110
Seritage Growth Properties	COM	81752R100	15,679	363,353	SH		SOLE		352,458	0	10,895
Shire PLC	COM	82481r106	3,483	19,992	SH		SOLE		19,992	0	0
Silvercrest Asset Management G	COM	828359109	2,810	211,255	SH		SOLE		211,255	0	0
Smith A O Corp	COM	831865209	6,822	133,350	SH		SOLE		76,720	0	56,630
Snap On Inc	COM	833034101	1,742	10,331	SH		SOLE		10,331	0	0
Solar Capital Ltd.	COM	83413U100	2,380	105,254	SH		SOLE		105,254	0	0
South Jersey Inds Inc.	COM	838518108	32,364	907,825	SH		SOLE		877,900	0	29,925
Spectrum Brands Holdings Inc.	COM	84763r101	6,816	49,030	SH		SOLE		28,185	0	20,845
Spirit Realty Capital Inc	COM	84860w102	1,638	161,720	SH		SOLE		161,720	0	0
Stag Industrial Inc.	COM	85254j102	1,436	57,375	SH		SOLE		57,375	0	0
State Bank Financial Corporati	COM	856190103	16,116	616,992	SH		SOLE		598,342	0	18,650
Steris Plc	COM	g84720104	205	2,944	SH		SOLE		2,944	0	0
Superior Energy Svcs Inc	COM	868157108	11,830	829,570	SH		SOLE		802,885	0	26,685
Synovus Financial Corp	COM	87161C501	26,418	644,030	SH		SOLE		569,670	0	74,360
TEGNA Inc.	COM	87901J105	1,685	65,775	SH		SOLE		65,775	0	0
TRI Pointe Group, Inc.	COM	87265H109	26,258	2,093,957	SH		SOLE		1,872,832	0	221,125
Teva Pharmaceutial Inds	COM	881624209	533	16,603	SH		SOLE		16,603	0	0
Time Inc.	COM	887228104	18,497	955,904	SH		SOLE		926,114	0	29,790
Total System Services, Inc.	COM	891906109	2,196	41,080	SH		SOLE		41,080	0	0
Tribune Media Company	COM	896047503	12,058	323,542	SH		SOLE		187,778	0	135,764
UGI Corp.	COM	902681105	1,494	30,244	SH		SOLE		30,244	0	0
UMB Financial Corp	COM	902788108	35,135	466,535	SH		SOLE		396,293	0	70,242
Umpqua Holdings	COM	904214103	2,031	114,495	SH		SOLE		114,495	0	0
Unilever NV	COM	904784709	273	5,500	SH		SOLE		5,500	0	0
Union Bankshares Corporation	COM	90539J109	1,229	34,945	SH		SOLE		34,945	0	0
United Technlogies	COM	913017109	889	7,926	SH		SOLE		7,926	0	0
Urban Edge Properties	COM	91704f104	14,621	555,937	SH		SOLE		535,577	0	20,360
VANGUARD INTL EQTY IDX EMR MKT	COM	922042858	1,301	32,765	SH		SOLE		32,765	0	0
VANGUARD SPECIALIZED DIV APP E	COM	921908844	498	5,539	SH		SOLE		5,539	0	0
Vail Resorts Inc.	COM	91879q109	24,153	125,863	SH		SOLE		121,337	0	4,526
Vanguard FTSE Europe ETF	COM	922042874	889	17,241	SH		SOLE		17,241	0	0
Vanguard Financials ETF	COM	92204a405	4,273	70,666	SH		SOLE		70,666	0	0
Vanguard Total Stk Mkt Vipers	COM	922908769	1,670	13,762	SH		SOLE		13,762	0	0
Ventas Inc.	COM	92276F100	658	10,118	SH		SOLE		10,118	0	0
Verint Systems Inc.	COM	92343X100	29,351	676,679	SH		SOLE		604,402	0	72,277
Versum Materials Inc.	COM	92532w103	27,557	900,565	SH		SOLE		870,675	0	29,890
Virtu Financial, Inc.	COM	928254101	2,309	135,830	SH		SOLE		135,830	0	0
Vista Outdoor Inc.	COM	928377100	14,908	724,044	SH		SOLE		702,464	0	21,580
Visteon Corp.	COM	92839U206	15,382	157,040	SH		SOLE		152,835	0	4,205
Voya Financial,Inc.	COM	929089100	17,421	458,938	SH		SOLE		328,858	0	130,080
Vulcan Material Co.	COM	929160109	2,670	22,159	SH		SOLE		22,159	0	0
WEX, Inc.	COM	96208t104	22,204	214,531	SH		SOLE		187,183	0	27,348
Walgreens Boots Alliance, Inc.	COM	931427108	353	4,250	SH		SOLE		4,250	0	0
Waterstone Financial, Inc	COM	94188p101	310	17,000	SH		SOLE		17,000	0	0
Welbilt, Inc.	COM	949090104	15,765	803,125	SH		SOLE		775,385	0	27,740
Westbury Bancorp Inc	COM	95727p106	1,044	50,174	SH		SOLE		50,174	0	0
Westrock Company	COM	96145D105	1,592	30,601	SH		SOLE		30,601	0	0
Weyerhauser	COM	962166104	439	12,908	SH		SOLE		12,908	0	0
Winnebago Inds	COM	974637100	2,912	99,555	SH		SOLE		99,555	0	0
Wintrust Financial Corp	COM	97650W108	2,972	42,995	SH		SOLE		42,995	0	0
WisdomTree India Earnings Fund	COM	97717w422	235	9,729	SH		SOLE		9,729	0	0
World Fuel Services Corp.	COM	981475106	1,605	44,280	SH		SOLE		44,280	0	0
Wright Medical Group, Inc.	COM	n96617118	33,600	1,079,682	SH		SOLE		961,936	0	117,746
Wyndham Worldwide	COM	98310w108	2,226	26,403	SH		SOLE		26,403	0	0
Xenia Hotels & Resorts, Inc.	COM	984017103	1,792	104,960	SH		SOLE		104,960	0	0
Zoetis Inc. CL A	COM	98978v103	3,026	56,692	SH		SOLE		56,692	0	0
iShares Core S&P Total US Stoc	COM	464287150	3,566	66,000	SH		SOLE		66,000	0	0
iShares Residential Rel Est Ca	COM	464288562	1,101	17,434	SH		SOLE		17,434	0	0