Global Undervalued Small Caps With Insider Buying

Citizens & Northern

Market Cap: US$306.6m

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$953.9m

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

Columbus McKinnon

Market Cap: US$458.9m

Designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide.

Saturn Oil & Gas

Market Cap: CA$431.1m

Engages in the acquisition, exploration, and development of petroleum and natural gas resource deposits in Canada.

Farmland Partners

Market Cap: US$513.2m

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.

Lindblad Expeditions Holdings

Market Cap: US$706.3m

Provides marine expedition adventures and travel experience worldwide.

Southside Bancshares

Market Cap: US$935.7m

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

DIRTT Environmental Solutions

Market Cap: CA$171.3m

Operates as an interior construction company in Canada.

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$528.4m

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

Montrose Environmental Group

Market Cap: US$775.7m

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

MCAN Mortgage

Market Cap: CA$808.1m

Operates as a loan and mortgage investment corporation in Canada.

Hemisphere Energy

Market Cap: CA$185.2m

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

Industrial Logistics Properties Trust

Market Cap: US$361.1m

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

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.

Nexus Industrial REIT

Market Cap: CA$736.0m

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.

Bank Danamon Indonesia

Market Cap: Rp23.8t

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

Bank BTPN Syariah

Market Cap: Rp11.7t

Provides various banking products and services in Indonesia.

East West Banking

Market Cap: ₱26.7b

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$14.4b

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.

Lion Rock Group

Market Cap: HK$1.1b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

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.

Daiwa House Logistics Trust

Market Cap: S$406.0m

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.

Seeing Machines

Market Cap: UK£137.1m

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

A.G. BARR

Market Cap: UK£789.8m

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

Absolent Air Care Group

Market Cap: SEK 2.8b

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

CVS Group

Market Cap: UK£898.2m

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

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.

Butler National

Market Cap: US$110.3m

Designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems in North America, Europe, the Middle East, Asia, and internationally.

Pebblebrook Hotel Trust

Market Cap: US$1.3b

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$564.6m

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

NPK International

Market Cap: US$756.5m

A temporary worksite access solutions company, manufactures, sells, and rents recyclable composite matting products.

CPI Card Group

Market Cap: US$240.2m

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

Nyab

Market Cap: SEK 4.7b

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

PhenixFIN

Market Cap: US$99.5m

A business development company.

Magnera

Market Cap: US$488.8m

Manufactures and sells non-woven and related products worldwide.