U.S. Undervalued Small Caps With Insider Buying

Industrial Logistics Properties Trust

Market Cap: US$350.6m

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

Farmland Partners

Market Cap: US$450.4m

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.

First Northern Community Bancorp

Market Cap: US$204.2m

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.

Citizens Community Bancorp

Market Cap: US$154.8m

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

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.

PCB Bancorp

Market Cap: US$300.1m

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

Shore Bancshares

Market Cap: US$521.0m

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

Citizens & Northern

Market Cap: US$298.5m

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

Limbach Holdings

Market Cap: US$1.1b

Operates as a building systems solution company in the United States.

Trinity Capital

Market Cap: US$1.1b

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

Ellington Financial

Market Cap: US$1.3b

Through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States.

Embassy Bancorp

Market Cap: US$135.0m

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.

Ohio Valley Banc

Market Cap: US$163.3m

Operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services.

Fidelity D & D Bancorp

Market Cap: US$248.7m

Operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers.

Full House Resorts

Market Cap: US$91.7m

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

Washington Trust Bancorp

Market Cap: US$521.8m

Operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses.

Community Bancorp

Market Cap: US$131.0m

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.

Meridian

Market Cap: US$164.9m

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

Turtle Beach

Market Cap: US$330.9m

Operates as an audio technology company in North America, Europe, the Middle East, and the Asia Pacific.

NexPoint Real Estate Finance

Market Cap: US$302.5m

Operates as a commercial mortgage real estate investment trust in the United States.

Kronos Worldwide

Market Cap: US$564.9m

Produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally.

OneSpan

Market Cap: US$581.0m

Provides 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.

Portillo's

Market Cap: US$403.9m

Owns and operates fast casual restaurants in the United States.

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 in the United States.

Albany International

Market Cap: US$1.7b

Engages in the machine clothing and engineered composites businesses.

LCNB

Market Cap: US$215.9m

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

Centerspace

Market Cap: US$1.0b

An owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$924.8m

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

Dine Brands Global

Market Cap: US$387.9m

Owns, franchises, and operates restaurants in the United States and internationally.

QNB

Market Cap: US$129.5m

Operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services in the United States.

Ready Capital

Market Cap: US$503.0m

Operates as a real estate finance company in the United States.

First Capital

Market Cap: US$141.8m

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.

Avidbank Holdings

Market Cap: US$282.0m

Operates as a bank holding company for Avidbank that provides financial solutions and services.

DMC Global

Market Cap: US$175.8m

Provides various products and engineered solutions for the construction, energy, industrial processing, and transportation markets worldwide.

Capital Southwest

Market Cap: US$1.1b

Specializes in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments.

Clipper Realty

Market Cap: US$166.9m

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.