Global Undervalued Small Caps With Insider Buying

Bank Danamon Indonesia

Market Cap: Rp24.2t

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

Bank BTPN Syariah

Market Cap: Rp10.7t

Provides various banking products and services in Indonesia.

CVS Group

Market Cap: UK£865.2m

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

Thryv Holdings

Market Cap: US$568.1m

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

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$950.6m

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

Lindblad Expeditions Holdings

Market Cap: US$676.6m

Provides marine expedition adventures and travel experience worldwide.

Gentherm

Market Cap: US$987.6m

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

Shore Bancshares

Market Cap: US$514.3m

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

PCB Bancorp

Market Cap: US$291.0m

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

Farmland Partners

Market Cap: US$479.4m

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.

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.

FirstSun Capital Bancorp

Market Cap: US$964.2m

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.

Industrial Logistics Properties Trust

Market Cap: US$396.7m

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

Citizens & Northern

Market Cap: US$287.2m

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$871.7m

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£135.6m

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

Montrose Environmental Group

Market Cap: US$728.1m

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

MCAN Mortgage

Market Cap: CA$802.5m

Operates as a loan and mortgage investment corporation in Canada.

A.G. BARR

Market Cap: UK£776.4m

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

Hemisphere Energy

Market Cap: CA$179.5m

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

First United

Market Cap: US$211.3m

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.

Tilray Brands

Market Cap: US$667.7m

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.

Auburn National Bancorporation

Market Cap: US$92.6m

Operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama.

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.

SmartCraft

Market Cap: NOK 4.1b

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

Nexus Industrial REIT

Market Cap: CA$717.5m

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.

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.

East West Banking

Market Cap: ₱29.2b

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

Daiwa House Logistics Trust

Market Cap: S$402.5m

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.

Salim Ivomas Pratama

Market Cap: Rp9.9t

Produces and sells edible oils and fats in Indonesia, China, Singapore, Timor Leste, Nigeria, Haiti, Germany, the Philippines, Papua New Guinea, and internationally.

Harmonic

Market Cap: US$981.7m

Provides broadband access solutions worldwide.

Envela

Market Cap: US$145.6m

Provides recycling and recommerce services in the United States.

Renold

Market Cap: UK£160.2m

Engages in the manufacture and sale of high precision engineered products and solutions in the United Kingdom, rest of Europe, the United States, Canada, Australasia, China, India, and internationally.

Meridian

Market Cap: US$160.6m

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

Spear Reit

Market Cap: R3.2b

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.