Global Undervalued Small Caps With Insider Buying

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$931.8m

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

Southside Bancshares

Market Cap: US$865.1m

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

PDF Solutions

Market Cap: US$779.2m

Provides proprietary software, physical intellectual property for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, Japan, China, Taiwan, and internationally.

Citizens & Northern

Market Cap: US$290.0m

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

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.

Shore Bancshares

Market Cap: US$513.6m

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

Sagicor Financial

Market Cap: CA$1.0b

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

Industrial Logistics Properties Trust

Market Cap: US$378.8m

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

Hemisphere Energy

Market Cap: CA$184.3m

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

Lindblad Expeditions Holdings

Market Cap: US$677.2m

Provides marine expedition adventures and travel experience worldwide.

Tilray Brands

Market Cap: US$712.6m

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$478.3m

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.

Gentherm

Market Cap: US$999.2m

Designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally.

PCB Bancorp

Market Cap: US$296.5m

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

First United

Market Cap: US$212.8m

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.

Thryv Holdings

Market Cap: US$565.5m

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

Nexus Industrial REIT

Market Cap: CA$557.6m

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.

Blue Bird

Market Cap: US$1.8b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, 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.

Chinasoft International

Market Cap: HK$14.3b

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.

SmartCraft

Market Cap: NOK 4.1b

Provides software solutions to the construction industry in Norway, Sweden, Finland, and the United Kingdom.

Daiwa House Logistics Trust

Market Cap: S$409.5m

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: Rp25.0t

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

East West Banking

Market Cap: ₱29.2b

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

A.G. BARR

Market Cap: UK£768.6m

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

CVS Group

Market Cap: UK£870.9m

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

Alerus Financial

Market Cap: US$526.7m

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$452.5m

Manufactures and sells non-woven and related products worldwide.

Pebblebrook Hotel Trust

Market Cap: US$1.1b

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.

Envela

Market Cap: US$155.5m

Provides recycling and recommerce services in the United States.

Meridian

Market Cap: US$161.0m

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

Colony Bankcorp

Market Cap: US$278.3m

Operates as the bank holding company for Colony Bank that provides various banking products and services to retail and commercial customers in the United States.

First Business Financial Services

Market Cap: US$393.2m

Operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri.

Civista Bancshares

Market Cap: US$373.5m

Operates as the financial holding company for Civista Bank that provides community banking 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 in North America, Europe, the Middle East, Asia, and internationally.

Embecta

Market Cap: US$718.2m

A medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes in the United States and internationally.