U.S. Undiscovered Gems With Strong Fundamentals

Qudian

Market Cap: US$478.9m

Operates as a consumer-oriented technology company in the People’s Republic of China.

FineMark Holdings

Market Cap: US$331.6m

Operates as the holding company for FineMark National Bank & Trust that provides various banking products and financial services to individual and corporate clients.

FRMO

Market Cap: US$368.7m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Central Bancompany

Market Cap: US$1.4b

Operates as a multi-bank holding company.

Innovex International

Market Cap: US$982.9m

Designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide.

Valhi

Market Cap: US$438.9m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Oakworth Capital

Market Cap: US$155.9m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Pure Cycle

Market Cap: US$257.6m

Provides wholesale water and wastewater services in the United States.

Morris State Bancshares

Market Cap: US$211.6m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Metalpha Technology Holding

Market Cap: US$107.1m

Provides wealth management services in Hong Kong.

Reitar Logtech Holdings

Market Cap: US$221.1m

Through its subsidiaries, provides construction management and engineering design services.

Gulf Island Fabrication

Market Cap: US$100.4m

Operates as a fabricator of steel structures and modules in the United States.

Solesence

Market Cap: US$281.8m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

First IC

Market Cap: US$172.7m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

Baird Medical Investment Holdings

Market Cap: US$176.7m

Engages in research and development, manufacturing, and sales of microwave ablation and other medical devices in the People’s Republic of China.

Timberland Bancorp

Market Cap: US$246.3m

Operates as the bank holding company for Timberland Bank that provides various community banking services in Washington.

National Presto Industries

Market Cap: US$617.1m

Provides housewares and small appliance, defense, and safety products in North America.

Security National Financial

Market Cap: US$232.1m

Engages in the life insurance, cemetery and mortuary, and mortgage businesses.

Yuanbao

Market Cap: US$662.2m

Through its subsidiaries, provides online insurance distribution and services in the People’s Republic of China.

Hingham Institution for Savings

Market Cap: US$546.2m

Provides various financial products and services to individuals and small businesses in the United States.

First National Bank Alaska

Market Cap: US$832.9m

A commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska.

Tiptree

Market Cap: US$833.2m

Through its subsidiaries, provides specialty insurance products and related services in the United States and Europe.

FatPipe

Market Cap: US$133.1m

Develops secure software-defined wide area network (SD-WAN), secure access service edge (SASE), and network monitoring service (NMS) software solutions for organizations in the United States and internationally.

Hamilton Beach Brands Holding

Market Cap: US$253.7m

Designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally.

Oil-Dri Corporation of America

Market Cap: US$712.1m

Develops, manufactures, and markets sorbent products in the United States and internationally.

Ohio Valley Banc

Market Cap: US$154.2m

Operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services.

First Ottawa Bancshares

Market Cap: US$127.6m

Operates as the bank holding company for American Commercial Bank & Trust, National Association that provides a range of banking and financial services to individual and corporate customers in LaSalle, Grundy, Cook, and other counties in Illinois.

San Juan Basin Royalty Trust

Market Cap: US$328.1m

Operates as an express trust in Texas.

Associated Capital Group

Market Cap: US$805.1m

Provides investment advisory services in the United States.

Jiayin Group

Market Cap: US$681.0m

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

FS Bancorp

Market Cap: US$142.8m

Operates as the holding company for Farmers State Bank that provides banking products and services to individuals and business customers in Indiana and Michigan.

Butler National

Market Cap: US$102.8m

Designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems in North America, Europe, the Middle East, Asia, and internationally.

Fidelity D & D Bancorp

Market Cap: US$235.8m

Operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers.

Alpine Banks of Colorado

Market Cap: US$470.7m

Provides banking products and services to individuals and businesses.

InBankshares

Market Cap: US$121.3m

Offers a range of banking and mortgage services to individual and business customers in the United States.

QDM International

Market Cap: US$759.3m

Operates as an insurance brokerage company primarily in Hong Kong.