Global Undervalued Small Caps With Insider Buying

Shore Bancshares

Market Cap: US$512.0m

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

Thryv Holdings

Market Cap: US$604.1m

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

Lindblad Expeditions Holdings

Market Cap: US$715.0m

Provides marine expedition adventures and travel experience worldwide.

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.

Gentherm

Market Cap: US$1.0b

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

Citizens & Northern

Market Cap: US$287.8m

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

Tilray Brands

Market Cap: US$678.0m

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.

Southside Bancshares

Market Cap: US$856.7m

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

East West Banking

Market Cap: ₱29.0b

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

Chinasoft International

Market Cap: HK$14.2b

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.

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$406.0m

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.

CVS Group

Market Cap: UK£875.2m

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

A.G. BARR

Market Cap: UK£778.7m

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

Bank Danamon Indonesia

Market Cap: Rp24.6t

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$945.4m

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

Farmland Partners

Market Cap: US$485.2m

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$289.2m

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

Nexus Industrial REIT

Market Cap: CA$734.5m

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.

Industrial Logistics Properties Trust

Market Cap: US$378.1m

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

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$181.4m

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

First United

Market Cap: US$208.0m

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.

MCAN Mortgage

Market Cap: CA$825.1m

Operates as a loan and mortgage investment corporation in Canada.

SmartCraft

Market Cap: NOK 4.1b

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

Helen of Troy

Market Cap: US$510.1m

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

Hudson Pacific Properties

Market Cap: US$1.0b

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

Civista Bancshares

Market Cap: US$374.0m

Operates as the financial holding company for Civista Bank that provides community banking services in the United States.

Butler National

Market Cap: US$108.4m

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.

CPI Card Group

Market Cap: US$203.1m

Engages in the design, production, data personalization, packaging, and fulfillment of payment cards in the United States.

First Business Financial Services

Market Cap: US$390.3m

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.

Eureka Group Holdings

Market Cap: AU$237.5m

Owns and manages senior independent living communities in Australia.

Spear Reit

Market Cap: R3.2b

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.

China Lesso Group Holdings

Market Cap: HK$14.7b

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

Instabank

Market Cap: NOK 1.1b

Provides various banking products and services in Norway.

Elders

Market Cap: AU$1.4b

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