Global Undervalued Small Caps With Insider Buying

Bank Danamon Indonesia

Market Cap: Rp24.8t

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

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.

Avia Avian

Market Cap: Rp25.4t

Manufactures and distributes paints and building materials in Indonesia.

Angel Oak Mortgage REIT

Market Cap: US$232.4m

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.

Citizens Community Bancorp

Market Cap: US$156.0m

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

Southside Bancshares

Market Cap: US$903.0m

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$983.1m

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

First United

Market Cap: US$222.0m

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.

Lindblad Expeditions Holdings

Market Cap: US$766.5m

Provides marine expedition adventures and travel experience worldwide.

Shore Bancshares

Market Cap: US$531.7m

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

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.

A.G. BARR

Market Cap: UK£773.1m

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

Hemisphere Energy

Market Cap: CA$182.7m

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

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.

Farmland Partners

Market Cap: US$483.4m

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.

PCB Bancorp

Market Cap: US$307.2m

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$1.0b

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

Citizens & Northern

Market Cap: US$299.7m

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

Industrial Logistics Properties Trust

Market Cap: US$395.4m

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

CVS Group

Market Cap: UK£903.9m

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.

GEN Restaurant Group

Market Cap: US$108.3m

Operates restaurants in the United States.

Thryv Holdings

Market Cap: US$580.8m

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

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.

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.

Daiwa House Logistics Trust

Market Cap: S$392.0m

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.

Community Trust Bancorp

Market Cap: US$1.0b

Operates as the bank holding company for Community Trust Bank, Inc.

NCC Group

Market Cap: UK£441.3m

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

Alerus Financial

Market Cap: US$546.0m

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

Magnera

Market Cap: US$462.1m

Manufactures and sells non-woven and related products worldwide.

Trinity Capital

Market Cap: US$1.1b

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

Envela

Market Cap: US$182.0m

Provides recycling and recommerce services in the United States.

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.

Foxtons Group

Market Cap: UK£167.8m

An estate agency, provides services to the residential property market in the United Kingdom.

Hudson Pacific Properties

Market Cap: US$1.0b

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

Kitwave Group

Market Cap: UK£188.4m

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