Global Undervalued Small Caps With Insider Buying

New Peoples Bankshares

Market Cap: US$98.7m

Operates as a financial holding company for New Peoples Bank, Inc.

CellaVision

Market Cap: SEK 3.6b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Hung Hing Printing Group

Market Cap: HK$816.8m

An investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading businesses in the People’s Republic of China, the United States, Hong Kong, the United Kingdom, and internationally.

Eastnine

Market Cap: SEK 4.8b

A real estate investment firm.

PSC

Market Cap: S$209.9m

Supplies provisions and household consumer products in Singapore, Malaysia, China, and internationally.

Tokmanni Group Oyj

Market Cap: €482.1m

Operates as a variety discount retailer in Finland, Sweden, and Denmark.

SPAR Group

Market Cap: R17.3b

Engages in the wholesale and distribution of goods and services to grocery stores and other group retail outlets in South Africa and internationally.

Senior

Market Cap: UK£1.0b

Designs, manufactures, and sells high-technology components and systems for the original equipment manufacturers in the aerospace, defense, land vehicle, and power and energy markets in North America, the United Kingdom, South Africa, India, China, and internationally.

Young's Brewery

Market Cap: UK£467.4m

Engages in the operation and management of pubs and hotels in the United Kingdom.

Norcros

Market Cap: UK£321.1m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Cloetta

Market Cap: SEK 14.6b

Operates as a confectionery company.

Sagicor Financial

Market Cap: CA$1.3b

Provides various financial services in the Caribbean, Canada, and the United States.

Primaris Real Estate Investment Trust

Market Cap: CA$2.0b

Primaris Real Estate Investment Trust is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$974.3m

An unincorporated, open-ended real estate investment trust.

everplay group

Market Cap: UK£427.9m

Develops and publishes independent video games for digital and physical market in the United Kingdom.

Speedy Hire

Market Cap: UK£115.6m

Provides tools and equipment hire and services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland.

Russel Metals

Market Cap: CA$2.6b

Engages in the distribution of steel and other metal products in Canada and the United States.

First United

Market Cap: US$244.5m

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.

Yellow Pages

Market Cap: CA$172.3m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.

First Northern Community Bancorp

Market Cap: US$230.0m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Angel Oak Mortgage REIT

Market Cap: US$227.2m

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.

Hemisphere Energy

Market Cap: CA$200.9m

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

Gamma Communications

Market Cap: UK£799.4m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Bank of the James Financial Group

Market Cap: US$94.2m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Union Bankshares

Market Cap: US$111.8m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

BWP Trust

Market Cap: AU$2.8b

Established and listed on the Australian Securities Exchange (‘ASX’) in 1998, BWP Trust (‘BWP’ or ‘the Trust’) is a real estate investment trust investing in and managing commercial properties throughout Australia.

Nufarm

Market Cap: AU$795.2m

Develops, manufactures, and sells crop protection solutions and seed technologies in Europe, the Middle East, Africa, North America, and the Asia Pacific.

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.

Paragon Care

Market Cap: AU$339.3m

Distributes medical equipment, devices, and consumable products in Australia, New Zealand, and Asia.

Ho Bee Land

Market Cap: S$1.6b

A real estate company founded in 1987.

Byggmax Group

Market Cap: SEK 3.6b

Sells building materials and related products for DIY projects in Sweden, Norway, and internationally.

Paradox Interactive

Market Cap: SEK 12.5b

Develops and publishes strategy and management games on PC and consoles in the United States, Rest of Europe, Sweden, and internationally.

Fonix

Market Cap: UK£170.0m

Provides mobile payments and messaging, and managed services for media, charity, gaming, e-mobility, and other digital service businesses in the United Kingdom and the rest of Europe.

Fevara

Market Cap: UK£67.8m

Engages in the agriculture business in the United Kingdom and internationally.

Cairn Homes

Market Cap: UK£1.2b

Operates as homebuilder in Ireland.

Exsitec Holding

Market Cap: SEK 1.6b

Provides digital solutions to medium-sized companies in Sweden, Norway, Denmark, and Finland.