U.S. Undervalued Small Caps With Insider Buying

Citizens Community Bancorp

Market Cap: US$156.9m

Operates as a bank holding company for Citizens Community Federal N.A.

GEN Restaurant Group

Market Cap: US$108.6m

Operates restaurants in the United States.

First United

Market Cap: US$223.8m

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$304.9m

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

Industrial Logistics Properties Trust

Market Cap: US$382.1m

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

Southside Bancshares

Market Cap: US$893.7m

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

Columbus McKinnon

Market Cap: US$395.9m

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

Shore Bancshares

Market Cap: US$530.0m

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

Tilray Brands

Market Cap: US$1.2b

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.

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.

Angel Oak Mortgage REIT

Market Cap: US$235.8m

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.

Citizens & Northern

Market Cap: US$302.2m

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

Thryv Holdings

Market Cap: US$577.8m

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

Peoples Bancorp

Market Cap: US$1.0b

Operates as the financial holding company for Peoples Bank that provides commercial and consumer banking products and services.

Farmland Partners

Market Cap: US$484.3m

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.

PhenixFIN

Market Cap: US$98.7m

A business development company.

OneSpan

Market Cap: US$536.2m

Designs, develops, and markets digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

Trinity Capital

Market Cap: US$1.1b

A business development company specializing in term loans, equipment financing, and private equity-related investments.

Full House Resorts

Market Cap: US$126.4m

Owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States.

Community Bancorp

Market Cap: US$126.0m

Operates as the bank holding company for Community National Bank that provides various financial services to individuals, businesses, nonprofit organizations, and municipalities in northern and central Vermont.

Monro

Market Cap: US$471.0m

Engages in the operation of retail tire and automotive repair stores in the United States.

Byline Bancorp

Market Cap: US$1.3b

Operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States.

Embassy Bancorp

Market Cap: US$125.2m

Operates as the bank holding company for the Embassy Bank for the Lehigh Valley that provides various banking and related financial products and services to individual, business, and government customers in Pennsylvania.

Helen of Troy

Market Cap: US$531.2m

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

Pebblebrook Hotel Trust

Market Cap: US$1.2b

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.

Colony Bankcorp

Market Cap: US$286.5m

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.

Butler National

Market Cap: US$109.3m

Designs, engineers, manufactures, sells, integrates, installs, repairs, modifies, overhauls, services, and distributes a portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

Harmonic

Market Cap: US$1.0b

Provides broadband access solutions worldwide.

Granite Ridge Resources

Market Cap: US$715.3m

Operates as a non-operated oil and natural gas exploration and production company.

Embecta

Market Cap: US$808.8m

A medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes in the United States and internationally.

Civista Bancshares

Market Cap: US$384.1m

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

Hudson Pacific Properties

Market Cap: US$1.0b

A real estate investment trust, or REIT, and the sole general partner of our operating partnership.

Envela

Market Cap: US$185.1m

Provides recycling and recommerce services in the United States.

Alerus Financial

Market Cap: US$544.5m

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

Magnera

Market Cap: US$444.3m

Manufactures and sells non-woven and related products worldwide.

First Capital

Market Cap: US$120.8m

Operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers in Indiana and Kentucky, the United States.