U.S. Undervalued Small Caps

Hackett Group

Market Cap: US$661.9m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

Tennant

Market Cap: US$1.3b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Quaker Chemical

Market Cap: US$1.8b

Quaker Chemical Corporation, doing business as Quaker Houghton, provides industrial process fluids worldwide.

Verint Systems

Market Cap: US$1.1b

Provides customer engagement solutions worldwide.

First Internet Bancorp

Market Cap: US$189.4m

Operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States.

Avidbank Holdings

Market Cap: US$163.4m

Operates as a bank holding company for Avidbank that provides financial products and services to businesses and individuals in the Santa Clara, San Mateo, and San Francisco counties.

A10 Networks

Market Cap: US$1.2b

Provides security and infrastructure solutions in the United States, rest of the Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa.

Silicon Motion Technology

Market Cap: US$1.8b

Designs, develops, and markets NAND flash controllers for solid-state storage devices in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally.

Opera

Market Cap: US$1.6b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

CI&T

Market Cap: US$795.9m

Engages in the provision of strategy, design, and software engineering services worldwide.

LSI Industries

Market Cap: US$450.3m

Manufactures and distributes commercial lighting, graphics, and display solutions across strategic vertical markets.

Berkshire Hills Bancorp

Market Cap: US$1.2b

Operates as the bank holding company for Berkshire Bank that provides commercial and retail banking consumer lending, private banking and wealth management services in the United States.

Plumas Bancorp

Market Cap: US$259.1m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

Chemung Financial

Market Cap: US$217.7m

Operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services.

Metropolitan Bank Holding

Market Cap: US$675.3m

Operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services.

Business First Bancshares

Market Cap: US$697.5m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Travelzoo

Market Cap: US$150.5m

Operates as an Internet media company that provides travel, entertainment, and local experiences worldwide.

Carter Bankshares

Market Cap: US$359.0m

Operates as the bank holding company for Carter Bank & Trust that provides various retail and commercial banking products and insurance services in the United States.

Flowco Holdings

Market Cap: US$1.9b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Miller Industries

Market Cap: US$484.0m

Manufactures and sells towing and recovery equipment.

CNB Financial

Market Cap: US$465.1m

Operates as the bank holding company for CNB Bank that provides various banking products and services for individual, business, governmental, and institutional customers.

DHT Holdings

Market Cap: US$1.8b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Ducommun

Market Cap: US$992.6m

Provides engineering and manufacturing services for products and applications used in the aerospace and defense, industrial, medical, and other industries in the United States.

Colony Bankcorp

Market Cap: US$269.7m

Operates as the bank holding company for Colony Bank that provides various banking products and services to retail and commercial customers in the United States.

RMR Group

Market Cap: US$442.8m

Through its subsidiary, The RMR Group LLC, provides asset management services in the United States.

Meridian

Market Cap: US$147.2m

Operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida.

Civista Bancshares

Market Cap: US$353.7m

Operates as the financial holding company for Civista Bank that provides community banking services in the United States.

Tactile Systems Technology

Market Cap: US$224.1m

A medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States.

LexinFintech Holdings

Market Cap: US$1.4b

Provides online consumer finance services in the People’s Republic of China.

Constellium

Market Cap: US$1.5b

Engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets.

WM Technology

Market Cap: US$190.7m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

ManpowerGroup

Market Cap: US$1.8b

Provides workforce solutions and services under the Talent Solutions, Manpower, and Experis brands worldwide.

Unity Bancorp

Market Cap: US$432.3m

Operates as the bank holding company for Unity Bank that provides commercial and retail banking services.

OP Bancorp

Market Cap: US$187.9m

Operates as the bank holding company for Open Bank that provides banking products and services.

Dingdong (Cayman)

Market Cap: US$533.6m

Operates an e-commerce company in China.

Equity Bancshares

Market Cap: US$686.0m

Operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers.