U.S. Undiscovered Gems With Strong Fundamentals

Pure Cycle

Market Cap: US$257.4m

Provides wholesale water and wastewater services in the United States.

Senstar Technologies

Market Cap: US$102.6m

Provides physical, video, and access control security products and solutions worldwide.

China SXT Pharmaceuticals

Market Cap: US$199.6m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

Metalpha Technology Holding

Market Cap: US$112.4m

Provides wealth management services in Hong Kong.

Solesence

Market Cap: US$305.7m

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

Valhi

Market Cap: US$457.8m

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

Morris State Bancshares

Market Cap: US$229.0m

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

West Bancorporation

Market Cap: US$336.6m

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

Oakworth Capital

Market Cap: US$151.1m

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

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

Gulf Island Fabrication

Market Cap: US$110.2m

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

Reitar Logtech Holdings

Market Cap: US$206.7m

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

FRMO

Market Cap: US$372.0m

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

Vantage

Market Cap: US$125.4m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

FineMark Holdings

Market Cap: US$506.6m

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

National Presto Industries

Market Cap: US$699.9m

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

Yuanbao

Market Cap: US$988.2m

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

Hingham Institution for Savings

Market Cap: US$536.1m

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

Oil-Dri Corporation of America

Market Cap: US$846.5m

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

San Juan Basin Royalty Trust

Market Cap: US$270.8m

Operates as an express trust in Texas.

Village Super Market

Market Cap: US$569.1m

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

Hamilton Beach Brands Holding

Market Cap: US$243.2m

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

First Ottawa Bancshares

Market Cap: US$132.0m

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.

FatPipe

Market Cap: US$107.0m

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$793.5m

Provides investment advisory services in the United States.

Butler National

Market Cap: US$100.9m

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.

Timberland Bancorp

Market Cap: US$250.6m

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

FS Bancorp

Market Cap: US$146.8m

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

Alpine Banks of Colorado

Market Cap: US$432.4m

Provides banking products and services to individuals and businesses.

Fidelity D & D Bancorp

Market Cap: US$265.4m

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.

QDM International

Market Cap: US$857.6m

Operates as an insurance brokerage company primarily in Hong Kong.

Baird Medical Investment Holdings

Market Cap: US$104.7m

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$256.1m

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.

Tiptree

Market Cap: US$926.9m

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

First National Bank Alaska

Market Cap: US$820.2m

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

Magyar Bancorp

Market Cap: US$108.3m

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.