Global Undervalued Small Caps With Insider Buying

Union Bankshares

Market Cap: US$107.9m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Betterware de MéxicoP.I. de

Market Cap: US$668.2m

Operates as a direct-to-consumer selling company in the United States and Mexico.

German American Bancorp

Market Cap: US$1.7b

Operates as a financial holding company for German American Bank that provides retail and commercial banking, and wealth management services.

Alkami Technology

Market Cap: US$1.7b

Provides a cloud-based digital sales and service platform for financial institutions in the United States.

Sagicor Financial

Market Cap: CA$1.1b

Provides various financial services to individuals and corporations in Canada, the United States, Jamaica, and the rest of the Caribbean.

Pizza Pizza Royalty

Market Cap: CA$430.0m

Through its subsidiary, Pizza Pizza Royalty Limited Partnership, franchises and operates quick-service restaurants under the Pizza Pizza and Pizza 73 brands in Canada.

Primaris Real Estate Investment Trust

Market Cap: CA$2.3b

Primaris Real Estate Investment Trust is Canada’s only enclosed shopping centre focused REIT.

Similarweb

Market Cap: US$361.8m

Provides digital data and analytics for power critical business decisions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally.

Appian

Market Cap: US$1.8b

Operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.

Nexus Industrial REIT

Market Cap: CA$763.1m

An unincorporated, open-ended real estate investment trust governed by the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated March 7, 2022.

Kingstone Companies

Market Cap: US$225.1m

Through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States.

Bank of Marin Bancorp

Market Cap: US$414.4m

Operates as the holding company for Bank of Marin that provides a range of financial services to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States.

Shore Bancshares

Market Cap: US$715.3m

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

Yellow Pages

Market Cap: CA$168.5m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.

Patria Investments

Market Cap: US$1.8b

Operates as a private market investment firm.

Financial Institutions

Market Cap: US$733.7m

Through its subsidiaries, provides banking and financial services to consumer, commercial, and municipal customers in New York.

Ferroglobe

Market Cap: US$714.8m

Produces and sells silicon metal, and silicon and manganese-based alloys.

Angel Oak Mortgage REIT

Market Cap: US$203.1m

A real estate finance company, focuses on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the United States mortgage market.

First Bancorp

Market Cap: US$334.1m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

PSC

Market Cap: S$250.8m

Supplies provisions and household consumer products in Singapore, China, Malaysia, and internationally.

Dicker Data

Market Cap: AU$2.1b

Engages in the wholesale distribution of IT hardware, software, cloud, and IoT solutions for corporate and commercial markets in Australia and New Zealand.

Industri Jamu dan Farmasi Sido Muncul

Market Cap: Rp11.0t

Provides herbal medicines, cosmetics, and foods and beverage products in Indonesia.

Kalbe Farma

Market Cap: Rp31.9t

Engages in the development, manufacture, and trading of pharmaceutical products in Indonesia.

East West Banking

Market Cap: ₱27.5b

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

Shoucheng Holdings

Market Cap: HK$14.2b

An investment holding company, engages in the infrastructure asset management business.

SiteMinder

Market Cap: AU$1.0b

Provides software and online licensing solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas.

CapitaLand China Trust

Market Cap: S$1.2b

CapitaLand China Trust (CLCT) is Singapore’s largest China-focused real estate investment trust (REIT).

FINEOS Corporation Holdings

Market Cap: AU$713.8m

Engages in the development and sale of enterprise claims and policy management software for life, accident and health insurers, and employee benefits providers in North America, the Asia Pacific, Europe, the Middle East, and Africa.

Centurion

Market Cap: S$1.2b

Owns, manages, and operates purpose-built accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Fourlis Holdings

Market Cap: €227.3m

Engages in the retail trading business in Greece, Romania, Bulgaria, and Cyprus.

Quest Holdings

Market Cap: €813.7m

Engages in the distribution of information technology and telecommunications products in Greece, Romania, Cyprus, Luxembourg, Belgium, Spain, and Italy.

Avia Avian

Market Cap: Rp18.1t

Manufactures and distributes paints and building materials in Indonesia.

Security Bank

Market Cap: ₱47.5b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

CVS Group

Market Cap: UK£865.0m

Engages in veterinary, online pharmacy, and retail businesses in the United Kingdom and Australia.

Eurocell

Market Cap: UK£102.7m

Engages in manufacturing, distribution, and recycling of building products in the United Kingdom and the Republic of Ireland.

NoHo Partners Oyj

Market Cap: €150.7m

Engages in the restaurant business.