U.S. Undiscovered Gems With Strong Fundamentals

Gulf Island Fabrication

Market Cap: US$100.1m

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

Oakworth Capital

Market Cap: US$154.6m

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

Valhi

Market Cap: US$434.6m

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

FineMark Holdings

Market Cap: US$329.8m

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

Solesence

Market Cap: US$260.1m

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

Pure Cycle

Market Cap: US$261.2m

Provides wholesale water and wastewater services in the United States.

Qudian

Market Cap: US$483.8m

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

Innovex International

Market Cap: US$1.0b

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

FRMO

Market Cap: US$387.8m

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

Reitar Logtech Holdings

Market Cap: US$225.4m

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

Morris State Bancshares

Market Cap: US$217.4m

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

Central Bancompany

Market Cap: US$1.4b

Operates as a multi-bank holding company.

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.

Security National Financial

Market Cap: US$240.3m

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

Baird Medical Investment Holdings

Market Cap: US$182.1m

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

Oil-Dri Corporation of America

Market Cap: US$705.4m

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

Longduoduo

Market Cap: US$149.8m

Together its subsidiaries, provides preventive healthcare solutions in the People’s Republic of China.

Village Super Market

Market Cap: US$547.3m

Engages in the operation of a chain of supermarkets in the United States.

First National Bank Alaska

Market Cap: US$794.9m

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

Jiayin Group

Market Cap: US$650.0m

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

Hamilton Beach Brands Holding

Market Cap: US$245.2m

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

Hingham Institution for Savings

Market Cap: US$581.6m

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

Yuanbao

Market Cap: US$674.9m

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

QDM International

Market Cap: US$744.4m

Operates as an insurance brokerage company primarily in Hong Kong.

Associated Capital Group

Market Cap: US$784.0m

Provides investment advisory services in the United States.

Ohio Valley Banc

Market Cap: US$168.6m

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$132.2m

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.

Timberland Bancorp

Market Cap: US$248.8m

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

InBankshares

Market Cap: US$118.2m

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

Fidelity D & D Bancorp

Market Cap: US$243.3m

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.

San Juan Basin Royalty Trust

Market Cap: US$293.2m

Operates as an express trust in Texas.

Tiptree

Market Cap: US$826.8m

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

River Financial

Market Cap: US$251.5m

Operates as the bank holding company for the River Bank & Trust that provides financial services to small to medium-sized businesses, organizations, entrepreneurs, and individuals in the United States.

FatPipe

Market Cap: US$148.9m

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.

National Presto Industries

Market Cap: US$623.0m

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

First Capital Bancshares

Market Cap: US$100.1m

Operates as a holding company for First Capital Bank that provides commercial banking services in the United States.