Global Undervalued Small Caps With Insider Buying

Bank Danamon Indonesia

Market Cap: Rp23.7t

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

Dicker Data

Market Cap: AU$1.5b

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: ₱25.0b

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

Daiwa House Logistics Trust

Market Cap: S$398.7m

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: Rp11.0t

Provides various banking products and services in Indonesia.

Lindblad Expeditions Holdings

Market Cap: US$704.6m

Provides marine expedition adventures and travel experience worldwide.

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.

Hemisphere Energy

Market Cap: CA$182.3m

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

MCAN Mortgage

Market Cap: CA$781.2m

Operates as a loan and mortgage investment corporation in Canada.

DIRTT Environmental Solutions

Market Cap: CA$161.7m

Operates as an interior construction company in Canada.

A.G. BARR

Market Cap: UK£773.1m

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

Saturn Oil & Gas

Market Cap: CA$432.7m

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$984.3m

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

Farmland Partners

Market Cap: US$530.5m

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.

Nexus Industrial REIT

Market Cap: CA$744.4m

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.

Montrose Environmental Group

Market Cap: US$785.3m

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

Thryv Holdings

Market Cap: US$543.7m

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

Citizens & Northern

Market Cap: US$310.2m

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

CVS Group

Market Cap: UK£882.4m

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

Southside Bancshares

Market Cap: US$941.2m

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

Seeing Machines

Market Cap: UK£140.5m

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

Industrial Logistics Properties Trust

Market Cap: US$396.2m

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

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.

Bank of Valletta

Market Cap: €1.2b

Provides banking, financial, investment, and other products and services in Malta.

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.

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.

Ho Bee Land

Market Cap: S$1.3b

A real estate company founded in 1987.

Credit Corp Group

Market Cap: AU$1.0b

Engages in the provision of debt ledger purchase and collection, and consumer lending services in Australia, New Zealand, and the United States.

Wintermar Offshore Marine

Market Cap: Rp1.7t

Provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan.

China Lesso Group Holdings

Market Cap: HK$14.0b

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

China XLX Fertiliser

Market Cap: HK$8.0b

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

Iluka Resources

Market Cap: AU$2.0b

Engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally.

Growthpoint Properties Australia

Market Cap: AU$1.8b

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

Envela

Market Cap: US$164.5m

Provides recycling and recommerce services in the United States.

Karnov Group

Market Cap: SEK 12.4b

Provides online and offline information products and services for professionals in the areas of legal, tax and accounting, environmental, and health and safety in Denmark, Norway, France, Sweden, Portugal, and Spain.

NOTE

Market Cap: SEK 5.6b

Provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China, and internationally.