Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

29,412,799

Short Interest Shares

677,124

Float (%)

60.13

Institutional Ownership (%)

35.06

Mutual Fund Ownership (%)

43.99

Insider Ownership (%)

39.87

Top 10 Instn Holders (%)

22.30

Ownership Activity - Total Positions

Company	Shares	% Out	Value ($)	Reported	Change
Hallador Investment Advisors Inc.	1,671,465	5.68	12,586,131	3/31/2017	0
Acadian Asset Management LLC	1,101,711	3.75	8,295,884	3/31/2017	(16,729)
Vanguard Group Inc.	900,005	3.06	6,777,038	3/31/2017	149,153
Numeric Investors LLC	741,705	2.52	5,585,039	3/31/2017	(23,198)
Dimensional Fund Advisors LP	578,874	1.97	4,358,921	3/31/2017	170,342
Morgan Stanley	464,723	1.58	3,499,364	3/31/2017	86,609
Renaissance Technologies LLC	332,200	1.13	2,501,466	3/31/2017	159,700
Chartwell Investment Partners LLC	281,434	0.96	2,119,198	3/31/2017	(197,928)
Oakcliff Capital Partners, L.P.	260,578	0.89	1,962,152	3/31/2017	260,578
Millennium Management LLC	225,756	0.77	1,699,943	3/31/2017	135,378
Arrowstreet Capital Ltd. Partnership	205,045	0.70	1,543,989	3/31/2017	(4,712)
Cove Street Capital LLC	200,000	0.68	1,506,000	3/31/2017	0
Invesco Ltd.	193,930	0.66	1,460,293	3/31/2017	84,640
Northern Trust Global Investments	170,075	0.58	1,280,665	3/31/2017	6,192
CornerCap Investment Counsel Inc	164,692	0.56	1,240,131	3/31/2017	20,655
Peter B. Cannell & Co. Inc.	159,350	0.54	1,199,906	3/31/2017	0
BlackRock Inc.	149,094	0.51	1,122,678	3/31/2017	(3,708)
O'Shaughnessy Asset Management LLC	145,040	0.49	1,092,151	3/31/2017	71,372
Bridgeway Capital Management Inc.	141,950	0.48	1,068,884	3/31/2017	350
Goldman Sachs Group Inc.	132,609	0.45	998,546	3/31/2017	99,378

Ownership Summary

Ownership Summary

Institutional Ownership

Total Positions

New Positions

Increased Positions

Decreased Positions

Soldout Positions

Net Change

List of possible reasons behind the infrequent cases where we have total institutional ownership that exceeds 100% of the common shares outstanding for a specific company:

Double-counting - On the 13-F filing, each institutional holder must report all securities over which they exercise sole or shared investment discretion. In cases where investment discretion is shared by more than one institution, care is generally taken to prevent double-counting, but there is always the exception. Another cause of double-counting is a company name change for the 13F filer where the holdings are accounted for under both filer names.

Short Interest - A large short interest amount affects the institutional ownership amount considerably because all shares that have been sold short appear as holdings in two separate portfolios. One institution has lent its shares to a short seller, while the same shares have been purchased by another reporting institution. Consequently, the institutional ownership percentage reflected in the 13-F filings is overstated as a percentage of total shares outstanding.

A gap between 'as of' dates - In the case where gaps between the 'as of' dates of the holdings and the shares outstanding arise, the percentage owned could be skewed due to a sharp increase/decrease in shares out. Again, this case doesn’t come up very often but the results are unavoidable.

Other possible reasons: a) An overlap occurs amongst reporting institutions; b) The 13F filing includes holdings other than common stock issues; c) Mutual fund money is co-advised and incorrectly reported by multiple institutions.