Global Undervalued Small Caps With Insider Buying

NOTE

Market Cap: SEK 5.1b

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

Hanza

Market Cap: SEK 4.1b

Provides manufacturing solutions.

Europris

Market Cap: NOK 14.0b

Operates as a discount variety retailer in Norway.

Bonterra Energy

Market Cap: CA$129.3m

A conventional oil and gas company, engages in the development and production of oil and natural gas in Canada.

Hudson Pacific Properties

Market Cap: US$1.0b

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries.

Lords Group Trading

Market Cap: UK£77.3m

Distributes building materials, plumbing, heating, and DIY goods to local tradesmen, developers, small and medium construction companies, and retail customers.

Yubico

Market Cap: SEK 12.1b

Provides authentication solutions for use in computers, networks, and online services.

Sabre Insurance Group

Market Cap: UK£366.1m

Through its subsidiaries, engages in writing of general insurance for motor vehicles in the United Kingdom.

Byline Bancorp

Market Cap: US$1.2b

Operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States.

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.

Hoist Finance

Market Cap: SEK 7.5b

A credit market company, engages in the loan acquisition and management operations in Europe.

Aris Mining

Market Cap: CA$1.6b

Engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.

Baytex Energy

Market Cap: CA$1.9b

An energy company, engages in the acquisition, development, and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford, the United States.

Renold

Market Cap: UK£160.4m

Engages in the manufacture and sale of high precision engineered products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally.

Pebblebrook Hotel Trust

Market Cap: US$1.2b

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.

Alerus Financial

Market Cap: US$556.3m

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

TT Electronics

Market Cap: UK£197.3m

Provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally.

Envela

Market Cap: US$150.5m

Provides recycling and recommerce services in the United States.

NexPoint Real Estate Finance

Market Cap: US$322.4m

Operates as a commercial mortgage real estate investment trust in the United States.

Nyab

Market Cap: SEK 4.0b

Provides engineering, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland and Sweden.

Stelrad Group

Market Cap: UK£208.9m

Manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally.

Bank of Valletta

Market Cap: €1.2b

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

Magnera

Market Cap: US$448.9m

Manufactures and sells non-woven and related products worldwide.

inTEST

Market Cap: US$91.2m

Provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets in the United States and internationally.

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.

Foxtons Group

Market Cap: UK£199.8m

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

Surge Energy

Market Cap: CA$611.7m

Explores, develops, and produces oil and gas in western Canada.

Fintel

Market Cap: UK£260.5m

Engages in the provision of intermediary services and distribution channels to the retail financial services sector in the United Kingdom.

Colony Bankcorp

Market Cap: US$288.3m

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.

PhenixFIN

Market Cap: US$101.0m

A business development company.

Winnebago Industries

Market Cap: US$820.5m

Manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities.

Victoria's Secret

Market Cap: US$1.5b

Operates as a specialty retailer of women’s intimate, and other apparel and beauty products worldwide.

NWF Group

Market Cap: UK£84.3m

Primarily engages in the sale and distribution of fuel oils in the United Kingdom.

CPI Card Group

Market Cap: US$263.1m

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

Super Group

Market Cap: R5.3b

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.

Instabank

Market Cap: NOK 926.7m

Provides various banking products and services in Norway.