Global Undervalued Small Caps With Insider Buying

Bank Danamon Indonesia

Market Cap: Rp23.9t

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

Bank BTPN Syariah

Market Cap: Rp11.1t

Provides various banking products and services in Indonesia.

DIRTT Environmental Solutions

Market Cap: CA$165.4m

Operates as an interior construction company in Canada.

MCAN Mortgage

Market Cap: CA$781.6m

Operates as a loan and mortgage investment corporation in Canada.

S&T Bancorp

Market Cap: US$1.5b

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.

Hemisphere Energy

Market Cap: CA$184.2m

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

Lindblad Expeditions Holdings

Market Cap: US$680.6m

Provides marine expedition adventures and travel experience worldwide.

Seeing Machines

Market Cap: UK£135.1m

Provides driver and occupant monitoring system technologies in Australia, North America, the Asia Pacific, Europe, and internationally.

Thryv Holdings

Market Cap: US$517.0m

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

Farmland Partners

Market Cap: US$523.4m

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.

Montrose Environmental Group

Market Cap: US$778.1m

Operates as an environmental services company in the United States, Canada, and internationally.

CVS Group

Market Cap: UK£860.9m

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

A.G. BARR

Market Cap: UK£774.2m

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$973.3m

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

Nexus Industrial REIT

Market Cap: CA$739.7m

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.

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.

Auburn National Bancorporation

Market Cap: US$90.8m

Operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama.

Citizens & Northern

Market Cap: US$301.5m

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

Columbus McKinnon

Market Cap: US$433.4m

Designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide.

Southside Bancshares

Market Cap: US$914.0m

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

Saturn Oil & Gas

Market Cap: CA$446.4m

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.

Dicker Data

Market Cap: AU$1.5b

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

East West Banking

Market Cap: ₱25.1b

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

Industrial Logistics Properties Trust

Market Cap: US$377.7m

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

Daiwa House Logistics Trust

Market Cap: S$398.7m

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.

Wintermar Offshore Marine

Market Cap: Rp1.7t

Provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan.

Salim Ivomas Pratama

Market Cap: Rp8.2t

Produces and sells edible oils and fats in Indonesia, China, Singapore, Timor Leste, Nigeria, Haiti, Germany, the Philippines, Papua New Guinea, and internationally.

Eureka Group Holdings

Market Cap: AU$233.3m

Owns and manages senior independent living communities in Australia.

Bank of Valletta

Market Cap: €1.2b

Provides banking, financial, investment, and other products and services in Malta.

Butler National

Market Cap: US$107.2m

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.

PhenixFIN

Market Cap: US$100.6m

A business development company.

NOTE

Market Cap: SEK 5.4b

Provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China, and internationally.

Pebblebrook Hotel Trust

Market Cap: US$1.3b

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.

Super Group

Market Cap: R5.9b

Engages in the supply chain management, mobility, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Australia, Europe, New Zealand, and the United Kingdom.

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.

Karnov Group

Market Cap: SEK 12.8b

Provides online and offline information products and services for professionals in the areas of legal, tax and accounting, environmental, and health and safety in Denmark, Norway, France, Sweden, Portugal, and Spain.