Global Undervalued Small Caps With Insider Buying

Industrial Logistics Properties Trust

Market Cap: US$394.7m

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

GDI Integrated Facility Services

Market Cap: CA$636.6m

Operates in the outsourced facility services industry in Canada and the United States.

Tandem Diabetes Care

Market Cap: US$863.5m

Designs, develops, and commercializes technology solutions for people living with diabetes in the United States and internationally.

Limbach Holdings

Market Cap: US$1.3b

Operates as a building systems solution company in the United States.

Nexus Industrial REIT

Market Cap: CA$747.0m

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.

Farmland Partners

Market Cap: US$475.8m

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.

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.

Thryv Holdings

Market Cap: US$545.7m

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

Citizens & Northern

Market Cap: US$314.5m

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

Shore Bancshares

Market Cap: US$568.8m

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

Hemisphere Energy

Market Cap: CA$185.6m

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

Tilray Brands

Market Cap: US$1.4b

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.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$977.3m

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

Angel Oak Mortgage REIT

Market Cap: US$227.2m

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

PCB Bancorp

Market Cap: US$310.9m

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

Peoples Bancorp

Market Cap: US$1.1b

Operates as the financial holding company for Peoples Bank that provides commercial and consumer banking products and services.

Hung Hing Printing Group

Market Cap: HK$852.7m

An investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading businesses in the People’s Republic of China, the United States, Hong Kong, the United Kingdom, and internationally.

Foschini Group

Market Cap: R33.7b

Operates retail stores in South Africa and internationally.

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.

Bank Danamon Indonesia

Market Cap: Rp24.8t

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

East West Banking

Market Cap: ₱26.3b

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

Pizu Group Holdings

Market Cap: HK$2.1b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

BWP Trust

Market Cap: AU$2.5b

Established and listed on the Australian Securities Exchange (‘ASX’) in 1998, BWP Trust (‘BWP’ or ‘the Trust’) is a real estate investment trust investing in and managing commercial properties throughout Australia.

Daiwa House Logistics Trust

Market Cap: S$402.4m

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.

Dicker Data

Market Cap: AU$1.7b

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

Bytes Technology Group

Market Cap: UK£987.5m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

A.G. BARR

Market Cap: UK£765.3m

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

CVS Group

Market Cap: UK£865.2m

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

Nyab

Market Cap: SEK 4.9b

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

Meridian

Market Cap: US$173.7m

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

Trinity Capital

Market Cap: US$1.1b

A business development company specializing in term loans, equipment financing, and private equity-related investments.

AutoCanada

Market Cap: CA$755.6m

Through its subsidiaries, operates franchised automobile dealerships and related business.

Butler National

Market Cap: US$104.4m

Designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

Envela

Market Cap: US$195.5m

Provides recycling and recommerce services in the United States.

OneSpan

Market Cap: US$572.2m

Designs, develops, and markets digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

Fidelity D & D Bancorp

Market Cap: US$253.9m

Operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers.