Global Undervalued Small Caps With Insider Buying

Daiwa House Logistics Trust

Market Cap: S$398.9m

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.

Pizu Group Holdings

Market Cap: HK$2.0b

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

Avia Avian

Market Cap: Rp25.5t

Manufactures and distributes paints and building materials in Indonesia.

East West Banking

Market Cap: ₱26.7b

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

Bank Danamon Indonesia

Market Cap: Rp24.9t

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

BWP Trust

Market Cap: AU$2.5b

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.

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.

Farmland Partners

Market Cap: US$491.0m

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.

GDI Integrated Facility Services

Market Cap: CA$638.3m

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

CVS Group

Market Cap: UK£881.0m

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

Bytes Technology Group

Market Cap: UK£977.6m

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

Shore Bancshares

Market Cap: US$571.8m

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

Citizens & Northern

Market Cap: US$315.3m

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$562.8m

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

A.G. BARR

Market Cap: UK£758.6m

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

Foschini Group

Market Cap: R35.2b

Operates retail stores in South Africa and internationally.

Tandem Diabetes Care

Market Cap: US$796.6m

Designs, develops, and commercializes technology solutions for people living with diabetes in the United States and internationally.

GEN Restaurant Group

Market Cap: US$105.3m

Operates restaurants in the United States.

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.

Angel Oak Mortgage REIT

Market Cap: US$230.5m

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$315.0m

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

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.

Hemisphere Energy

Market Cap: CA$188.4m

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

Industrial Logistics Properties Trust

Market Cap: US$400.7m

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$968.9m

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

SHAPE Australia

Market Cap: AU$331.0m

Engages in the construction, fitout, and refurbishment of commercial properties in Australia.

Elders

Market Cap: AU$1.4b

Provides agricultural products and services to rural and regional customers primarily in Australia.

Baazar Style Retail

Market Cap: ₹29.9b

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

Southern Cross Electrical Engineering

Market Cap: AU$520.6m

Provides electrical, instrumentation, communications, security, fire, and maintenance services and products in Australia.

China Lesso Group Holdings

Market Cap: HK$15.0b

An investment holding company, manufactures piping and building materials in China and internationally.

Far East Orchard

Market Cap: S$594.0m

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

Growthpoint Properties Australia

Market Cap: AU$1.9b

Since 2009, we’ve been investing in high-quality Australian real estate.

Trinity Capital

Market Cap: US$1.1b

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

NCC Group

Market Cap: UK£445.6m

Engages in the cyber and software resilience business in the United Kingdom, the Asian-Pacific, North America, and Europe.

Magnera

Market Cap: US$438.6m

Manufactures and sells non-woven and related products worldwide.

Alerus Financial

Market Cap: US$565.8m

Operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States.