Global Undervalued Small Caps With Insider Buying

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.

Bank Danamon Indonesia

Market Cap: Rp24.5t

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

Industrial Logistics Properties Trust

Market Cap: US$378.8m

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

Southside Bancshares

Market Cap: US$865.1m

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

A.G. BARR

Market Cap: UK£768.6m

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

Shore Bancshares

Market Cap: US$513.0m

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

Chinasoft International

Market Cap: HK$14.2b

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.

Citizens & Northern

Market Cap: US$290.0m

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

SmartCraft

Market Cap: NOK 4.1b

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$931.8m

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$184.3m

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

Thryv Holdings

Market Cap: US$565.5m

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

Farmland Partners

Market Cap: US$486.5m

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.

Blue Bird

Market Cap: US$1.8b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

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.

GEN Restaurant Group

Market Cap: US$113.6m

Operates restaurants in 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.

CVS Group

Market Cap: UK£870.9m

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

Nexus Industrial REIT

Market Cap: CA$738.3m

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.

East West Banking

Market Cap: ₱29.0b

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

First United

Market Cap: US$212.8m

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.

PCB Bancorp

Market Cap: US$290.2m

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

Gentherm

Market Cap: US$999.2m

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

Tilray Brands

Market Cap: US$712.6m

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.

Lindblad Expeditions Holdings

Market Cap: US$677.2m

Provides marine expedition adventures and travel experience worldwide.

Baazar Style Retail

Market Cap: ₹28.2b

Engages in the business of retailing various apparel and non-apparel consumer products in India.

Growthpoint Properties Australia

Market Cap: AU$1.9b

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

Eureka Group Holdings

Market Cap: AU$237.5m

Owns and manages senior independent living communities in Australia.

Credit Corp Group

Market Cap: AU$1.2b

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

China Lesso Group Holdings

Market Cap: HK$14.7b

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

Ho Bee Land

Market Cap: S$1.4b

A real estate company founded in 1987.

China XLX Fertiliser

Market Cap: HK$9.6b

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

Far East Orchard

Market Cap: S$589.1m

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

Sabre Insurance Group

Market Cap: UK£372.2m

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

Colony Bankcorp

Market Cap: US$278.3m

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.