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.

Daiwa House Logistics Trust

Market Cap: S$399.0m

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.

Bank BTPN Syariah

Market Cap: Rp10.8t

Provides various banking products and services in Indonesia.

CVS Group

Market Cap: UK£863.8m

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

Shore Bancshares

Market Cap: US$508.6m

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

Industrial Logistics Properties Trust

Market Cap: US$356.2m

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

Seeing Machines

Market Cap: UK£134.6m

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

A.G. BARR

Market Cap: UK£772.0m

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

SmartCraft

Market Cap: NOK 4.3b

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

Lindblad Expeditions Holdings

Market Cap: US$641.7m

Provides marine expedition adventures and travel experience worldwide.

Southside Bancshares

Market Cap: US$863.0m

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

Montrose Environmental Group

Market Cap: US$703.8m

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

Citizens & Northern

Market Cap: US$285.6m

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$624.7m

A lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, Latin America, and internationally.

Thryv Holdings

Market Cap: US$532.9m

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

Gentherm

Market Cap: US$970.8m

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

Farmland Partners

Market Cap: US$473.1m

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$281.5m

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$950.6m

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

DIRTT Environmental Solutions

Market Cap: CA$154.1m

Operates as an interior construction company in Canada.

MCAN Mortgage

Market Cap: CA$802.5m

Operates as a loan and mortgage investment corporation in Canada.

Hemisphere Energy

Market Cap: CA$179.5m

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

Nexus Industrial REIT

Market Cap: CA$717.5m

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.

Sagicor Financial

Market Cap: CA$1.0b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

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.

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.

East West Banking

Market Cap: ₱28.8b

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$13.8b

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.

Salim Ivomas Pratama

Market Cap: Rp10.0t

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

Ho Bee Land

Market Cap: S$1.3b

A real estate company founded in 1987.

Lords Group Trading

Market Cap: UK£72.3m

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

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.

Instabank

Market Cap: NOK 1.0b

Provides various banking products and services in Norway.

Helen of Troy

Market Cap: US$495.1m

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

Stelrad Group

Market Cap: UK£217.1m

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

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.