U.S. Undervalued Small Caps With Insider Buying

Farmland Partners

Market Cap: US$468.7m

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.

Citizens & Northern

Market Cap: US$301.8m

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

Southside Bancshares

Market Cap: US$920.2m

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$652.7m

Provides marine expedition adventures and travel experience worldwide.

BlueLinx Holdings

Market Cap: US$627.7m

Engages in the distribution of residential and commercial building products in the United States.

MVB Financial

Market Cap: US$296.8m

Operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients.

Thryv Holdings

Market Cap: US$534.0m

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

Industrial Logistics Properties Trust

Market Cap: US$359.8m

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

S&T Bancorp

Market Cap: US$1.4b

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.

Columbus McKinnon

Market Cap: US$453.0m

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

Shore Bancshares

Market Cap: US$540.3m

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

Gentherm

Market Cap: US$1.1b

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

Montrose Environmental Group

Market Cap: US$796.2m

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

NPK International

Market Cap: US$771.7m

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

Alerus Financial

Market Cap: US$585.7m

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

PhenixFIN

Market Cap: US$100.3m

A business development company.

Envela

Market Cap: US$154.7m

Provides recycling and recommerce services in the United States.

Meridian

Market Cap: US$164.2m

Operates as the bank holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Maryland, and Florida.

Helen of Troy

Market Cap: US$539.0m

Provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Hudson Pacific Properties

Market Cap: US$929.2m

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries.

Magnera

Market Cap: US$477.0m

Manufactures and sells non-woven and related products worldwide.

inTEST

Market Cap: US$91.2m

Provides test and process technology solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets in the United States and internationally.

Butler National

Market Cap: US$107.7m

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.

TETRA Technologies

Market Cap: US$500.4m

Operates as an energy services and solutions company.

Colony Bankcorp

Market Cap: US$288.5m

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.

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.

CPI Card Group

Market Cap: US$236.7m

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

Harmonic

Market Cap: US$1.0b

Provides broadband access solutions worldwide.

Sunrise Realty Trust

Market Cap: US$141.2m

Engages in commercial real estate lending business in the United States.

Manitowoc Company

Market Cap: US$468.6m

Provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally.

Saul Centers

Market Cap: US$1.1b

As of March 31, 2025, 93.9% of the commercial portfolio was leased compared to 94.6% as of March 31, 2024.

LCNB

Market Cap: US$221.3m

Operates as the financial holding company for LCNB National Bank that provides banking services in the United States.

SB Financial Group

Market Cap: US$125.7m

Operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan.

PROG Holdings

Market Cap: US$1.3b

A financial technology holding company, provides payment options to consumers in the United States.

Century Communities

Market Cap: US$1.8b

Engages in the design, development, construction, marketing, and sale of single-family attached and detached homes.

James River Group Holdings

Market Cap: US$265.7m

Provides specialty insurance services.