Global Undervalued Small Caps With Insider Buying

Daiwa House Logistics Trust

Market Cap: S$409.4m

Daiwa House Logistics Trust (“DHLT”) is a Singapore real estate investment trust (“REIT”) established with the investment strategy of principally investing in a portfolio of income-producing logistics and industrial real estate assets located across Asia.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$974.5m

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario.

Asante Gold

Market Cap: CA$846.2m

A mineral exploration and gold production company, primarily involved in the assessment, acquisition, development, and operation of mines in the Republic of Ghana.

PCB Bancorp

Market Cap: US$305.9m

Operates as the bank holding company for PCB Bank that provides various banking products and services to small and middle market businesses and individuals.

Peoples Bancorp

Market Cap: US$1.1b

Operates as the financial holding company for Peoples Bank that provides commercial and consumer banking products and services.

GDI Integrated Facility Services

Market Cap: CA$636.1m

Operates in the outsourced facility services industry in Canada and the United States.

Citizens & Northern

Market Cap: US$310.6m

Operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers.

Thryv Holdings

Market Cap: US$549.6m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Industrial Logistics Properties Trust

Market Cap: US$423.9m

ILPT is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties.

Limbach Holdings

Market Cap: US$1.2b

Operates as a building systems solution company in the United States.

First Northern Community Bancorp

Market Cap: US$191.4m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Shore Bancshares

Market Cap: US$569.1m

Operates as a bank holding company for the Shore United Bank, N.A.

Angel Oak Mortgage REIT

Market Cap: US$231.9m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Sagicor Financial

Market Cap: CA$1.2b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

CVS Group

Market Cap: UK£878.1m

Engages in veterinary, pet crematoria, online pharmacy, and retail businesses.

Farmland Partners

Market Cap: US$485.6m

An internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets.

Tilray Brands

Market Cap: US$1.3b

A lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, the Middle East, Africa, and internationally.

Bytes Technology Group

Market Cap: UK£999.4m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

BWP Trust

Market Cap: AU$2.6b

Established and listed on the Australian Securities Exchange (‘ASX’) in 1998, BWP Trust (‘BWP’ or ‘the Trust’) is a real estate investment trust investing in and managing commercial properties throughout Australia.

East West Banking

Market Cap: ₱26.3b

Operates as a commercial bank that provides a range of financial products and services to individual and corporate clients in the Philippines and internationally.

Cettire

Market Cap: AU$146.8m

Engages in the online luxury goods retailing business in Australia, the United States, and internationally.

Pizu Group Holdings

Market Cap: HK$2.2b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Hung Hing Printing Group

Market Cap: HK$853.1m

An investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading businesses in the People’s Republic of China, the United States, Hong Kong, the United Kingdom, and internationally.

Chinasoft International

Market Cap: HK$15.0b

Engages in development and provision of information technology (IT) solutions, IT outsourcing, and training services in the People’s Republic of China, the United States, Malaysia, Japan, Singapore, India, and Saudi Arabia.

PhenixFIN

Market Cap: US$96.1m

A business development company.

Far East Orchard

Market Cap: S$648.0m

An investment holding company, engages in the hotel operations and property investment activities in Singapore, Australia, the United Kingdom, Japan, Malaysia, Germany, and Denmark.

Baazar Style Retail

Market Cap: ₹27.1b

Engages in the retail of various apparel and non-apparel consumer products in India.

Meridian

Market Cap: US$167.6m

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

Monro

Market Cap: US$518.9m

Engages in the operation of retail tire and automotive repair stores in the United States.

Ohio Valley Banc

Market Cap: US$174.1m

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

Community Bancorp

Market Cap: US$124.3m

Operates as the bank holding company for Community National Bank that provides various financial services to individuals, businesses, nonprofit organizations, and municipalities in northern and central Vermont.

Boozt

Market Cap: SEK 5.5b

Sells fashion, apparel, shoes, accessories, kids, home, sports, and beauty products online.

Stelrad Group

Market Cap: UK£208.2m

Manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally.

Fidelity D & D Bancorp

Market Cap: US$266.7m

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.

Social Housing REIT

Market Cap: UK£278.6m

Social Housing REIT plc (the "Company") is a Real Estate Investment Trust ("REIT") incorporated in England and Wales under the Companies Act 2006 as a public company limited by shares on 12 June 2017.

Civista Bancshares

Market Cap: US$402.3m

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