Global Undervalued Small Caps With Insider Buying

Avia Avian

Market Cap: Rp25.5t

Manufactures and distributes paints and building materials in Indonesia.

Daiwa House Logistics Trust

Market Cap: S$395.5m

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.

Bank Danamon Indonesia

Market Cap: Rp25.1t

Provides banking services for retail, small and medium enterprises (SMEs), and corporate customers in Indonesia.

A.G. BARR

Market Cap: UK£767.5m

Manufactures, distributes, and sells soft drinks and cocktail solutions in the United Kingdom and internationally.

Thryv Holdings

Market Cap: US$578.2m

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

Peoples Bancorp

Market Cap: US$1.0b

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

Southside Bancshares

Market Cap: US$909.3m

Operates as the bank holding company for Southside Bank that provides various financial services to individuals, businesses, municipal entities, and nonprofit organizations.

First United

Market Cap: US$225.4m

Operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals in the United States.

Citizens & Northern

Market Cap: US$302.9m

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

CVS Group

Market Cap: UK£909.7m

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

Sagicor Financial

Market Cap: CA$1.1b

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

Farmland Partners

Market Cap: US$484.3m

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.

Industrial Logistics Properties Trust

Market Cap: US$393.4m

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$976.8m

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

S&T Bancorp

Market Cap: US$1.4b

Operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services to consumer, commercial, and small business in Pennsylvania and Ohio.

Citizens Community Bancorp

Market Cap: US$156.9m

Operates as a bank holding company for Citizens Community Federal N.A.

Shore Bancshares

Market Cap: US$532.0m

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

Angel Oak Mortgage REIT

Market Cap: US$237.7m

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.

PCB Bancorp

Market Cap: US$308.8m

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

Tilray Brands

Market Cap: US$1.2b

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£963.0m

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

Hemisphere Energy

Market Cap: CA$184.6m

Acquires, explores, develops, and produces petroleum and natural gas properties in Canada.

GEN Restaurant Group

Market Cap: US$108.6m

Operates restaurants in the United States.

East West Banking

Market Cap: ₱27.4b

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

Dicker Data

Market Cap: AU$1.6b

Engages in the wholesale distribution of computer hardware, software, and related products for corporate and commercial markets in Australia and New Zealand.

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.

Baazar Style Retail

Market Cap: ₹29.0b

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

Far East Orchard

Market Cap: S$589.1m

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

Kitwave Group

Market Cap: UK£191.8m

Engages in the food and drink wholesale business in the United Kingdom.

Pebblebrook Hotel Trust

Market Cap: US$1.2b

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States.

Full House Resorts

Market Cap: US$129.3m

Owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States.

Spear Reit

Market Cap: R3.3b

Spear REIT Limited (“Spear”) listed as a Real Estate Investment Trust (“REIT”) on the main board of the Johannesburg Stock Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE that predominantly invests in high-quality income-generating assets in the Western Cape.

Hudson Pacific Properties

Market Cap: US$998.5m

A real estate investment trust, or REIT, and the sole general partner of our operating partnership.

Butler National

Market Cap: US$108.3m

Designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

AutoCanada

Market Cap: CA$714.8m

Through its subsidiaries, operates franchised automobile dealerships and related business.

Granite Ridge Resources

Market Cap: US$699.6m

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