U.S. Undiscovered Gems With Strong Fundamentals

Pure Cycle

Market Cap: US$258.3m

Provides wholesale water and wastewater services in the United States.

FRMO

Market Cap: US$369.4m

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

FineMark Holdings

Market Cap: US$334.1m

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

Reitar Logtech Holdings

Market Cap: US$287.2m

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

Valhi

Market Cap: US$463.2m

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

Solesence

Market Cap: US$283.9m

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

Oakworth Capital

Market Cap: US$159.6m

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

Gulf Island Fabrication

Market Cap: US$109.3m

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

Metalpha Technology Holding

Market Cap: US$155.3m

Provides wealth management services in Hong Kong.

West Bancorporation

Market Cap: US$334.6m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Morris State Bancshares

Market Cap: US$212.6m

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

First Ottawa Bancshares

Market Cap: US$131.0m

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.

Baird Medical Investment Holdings

Market Cap: US$111.4m

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

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.

Magyar Bancorp

Market Cap: US$102.0m

Operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States.

Jiayin Group

Market Cap: US$935.0m

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

Butler National

Market Cap: US$102.6m

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.

National Presto Industries

Market Cap: US$712.0m

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

InBankshares

Market Cap: US$127.1m

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

Ohio Valley Banc

Market Cap: US$152.4m

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

Security National Financial

Market Cap: US$235.6m

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

Timberland Bancorp

Market Cap: US$243.0m

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

Kish Bancorp

Market Cap: US$102.7m

A diversified financial services company, provides various banking products and services primarily in central Pennsylvania and the surrounding areas.

Alpine Banks of Colorado

Market Cap: US$446.9m

Provides banking products and services to individuals and businesses.

Longduoduo

Market Cap: US$149.8m

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

First National Bank Alaska

Market Cap: US$791.8m

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

Tiptree

Market Cap: US$870.7m

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

FatPipe

Market Cap: US$110.1m

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.

Associated Capital Group

Market Cap: US$790.8m

Provides investment advisory services in the United States.

Hamilton Beach Brands Holding

Market Cap: US$250.6m

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

Hingham Institution for Savings

Market Cap: US$509.4m

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

FS Bancorp

Market Cap: US$143.0m

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

Oil-Dri Corporation of America

Market Cap: US$853.6m

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

Yuanbao

Market Cap: US$720.8m

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

QDM International

Market Cap: US$768.2m

Operates as an insurance brokerage company primarily in Hong Kong.

Fidelity D & D Bancorp

Market Cap: US$246.3m

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.