Global Undervalued Small Caps With Insider Buying

Industrial Logistics Properties Trust

Market Cap: US$427.9m

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

Auburn National Bancorporation

Market Cap: US$93.5m

Operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama.

Parkit Enterprise

Market Cap: CA$129.5m

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada.

First Northern Community Bancorp

Market Cap: US$196.5m

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.

Farmland Partners

Market Cap: US$493.6m

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.

Shore Bancshares

Market Cap: US$583.1m

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

Citizens & Northern

Market Cap: US$318.8m

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

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.

Acsion

Market Cap: R3.1b

Engages in property holding and development activities in South Africa and internationally.

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.

CVS Group

Market Cap: UK£889.6m

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

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.

PCB Bancorp

Market Cap: US$314.7m

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

Limbach Holdings

Market Cap: US$1.2b

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$955.2m

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

GDI Integrated Facility Services

Market Cap: CA$638.5m

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

Tilray Brands

Market Cap: US$1.4b

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£939.5m

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

Angel Oak Mortgage REIT

Market Cap: US$231.2m

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.

East West Banking

Market Cap: ₱27.2b

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

BWP Trust

Market Cap: AU$2.7b

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.

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.

Cettire

Market Cap: AU$202.1m

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

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.

Daiwa House Logistics Trust

Market Cap: S$405.9m

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.

Stelrad Group

Market Cap: UK£204.4m

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

Helen of Troy

Market Cap: US$533.0m

Provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Portillo's

Market Cap: US$478.5m

Owns and operates fast casual restaurants in the United States.

Meridian

Market Cap: US$178.2m

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

Trinity Capital

Market Cap: US$1.1b

A business development company specializing in term loans, equipment financing, and private equity-related investments.

Nyab

Market Cap: SEK 5.0b

Provides engineering, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland and Sweden.

Cairn Homes

Market Cap: UK£1.0b

Operates as homebuilder in Ireland.

Social Housing REIT

Market Cap: UK£274.6m

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.

Granite Ridge Resources

Market Cap: US$735.0m

Operates as a non-operated oil and natural gas exploration and production company.

Renold

Market Cap: UK£163.1m

Engages in the manufacture and sale of high precision engineered power transmission products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally.

Fastighets AB Trianon

Market Cap: SEK 3.6b

A real estate company, owns, builds, develops, and manages residential and commercial properties in Sweden.