U.K. Diversified Financials Undervalued Small Caps

FRP Advisory Group

Market Cap: UK£290.1m

Provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Foresight Group Holdings

Market Cap: UK£550.7m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

CAB Payments Holdings

Market Cap: UK£202.8m

Through its subsidiaries, provides business-to-business cross-border payments and foreign exchange (FX) services in the Americas, the United Kingdom, the rest of Europe, Africa, the Middle East, and Asia.

Distribution Finance Capital Holdings

Market Cap: UK£118.1m

An investment holding company, personal savings and commercial lending banking business in the United Kingdom.

B.P. Marsh & Partners

Market Cap: UK£241.8m

A private equity and venture capital firm specializing in start up to more developed, early-stage and SME investments.

ASA International Group

Market Cap: UK£258.0m

Operates as a microfinance institution in Asia and Africa.

IP Group

Market Cap: UK£618.4m

A private equity and venture capital firm specializing in seed/startup, early venture, emerging growth, mature, mid venture, late venture, incubation, mezzanine in growth capital companies.

Polar Capital Holdings

Market Cap: UK£805.9m

Polar Capital Holdings plc is a publicly owned investment manager.