Global Undervalued Small Caps With Insider Buying

Daiwa House Logistics Trust

Market Cap: S$409.5m

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.

East West Banking

Market Cap: ₱28.4b

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

Bank Danamon Indonesia

Market Cap: Rp25.1t

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

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.

First United

Market Cap: US$228.7m

Operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals in the United States.

Farmland Partners

Market Cap: US$486.1m

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$314.7m

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

Absolent Air Care Group

Market Cap: SEK 2.9b

Designs, develops, sells, installs, and maintains air filtration units.

CVS Group

Market Cap: UK£892.4m

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

Citizens & Northern

Market Cap: US$308.0m

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

Angel Oak Mortgage REIT

Market Cap: US$226.7m

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.

A.G. BARR

Market Cap: UK£760.9m

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

Thryv Holdings

Market Cap: US$608.5m

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

GEN Restaurant Group

Market Cap: US$112.2m

Operates restaurants in the United States.

Auburn National Bancorporation

Market Cap: US$94.0m

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

Shore Bancshares

Market Cap: US$541.0m

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

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.

Southside Bancshares

Market Cap: US$923.2m

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

Lindblad Expeditions Holdings

Market Cap: US$743.5m

Provides marine expedition adventures and travel experience worldwide.

Industrial Logistics Properties Trust

Market Cap: US$390.7m

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

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.

SmartCraft

Market Cap: NOK 4.3b

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

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.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$936.5m

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

Hemisphere Energy

Market Cap: CA$186.2m

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

China Lesso Group Holdings

Market Cap: HK$15.1b

An investment holding company, manufactures piping and building materials in China and internationally.

Elders

Market Cap: AU$1.5b

Provides agricultural products and services to rural and regional customers primarily in Australia.

Eureka Group Holdings

Market Cap: AU$237.5m

Owns and manages senior independent living communities in Australia.

Growthpoint Properties Australia

Market Cap: AU$1.9b

Since 2009, we’ve been investing in high-quality Australian real estate.

Build King Holdings

Market Cap: HK$1.5b

An investment holding company, engages in the building construction and civil engineering works in Hong Kong and the People's Republic of China.

Far East Orchard

Market Cap: S$574.4m

An investment holding company, engages in the hotel operations and property investment activities in Singapore, Australia, the United Kingdom, Japan, Malaysia, Germany, and Denmark.

China XLX Fertiliser

Market Cap: HK$10.6b

An investment holding company, engages in the development, manufacture, and sale of urea primarily in Mainland China and internationally.

Credit Corp Group

Market Cap: AU$1.1b

Engages in the provision of debt ledger purchasing, collection, and consumer lending services.

Ho Bee Land

Market Cap: S$1.4b

A real estate company founded in 1987.

Embecta

Market Cap: US$815.3m

A medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes in the United States and internationally.

Foxtons Group

Market Cap: UK£170.2m

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