U.S. Undervalued Small Caps With Insider Buying

Ferroglobe

Market Cap: US$720.4m

Produces and sells silicon metal, and silicon and manganese-based alloys.

Financial Institutions

Market Cap: US$730.6m

Through its subsidiaries, provides banking and financial services to consumer, commercial, and municipal customers in New York.

Appian

Market Cap: US$1.8b

Operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.

German American Bancorp

Market Cap: US$1.7b

Operates as a financial holding company for German American Bank that provides retail and commercial banking, and wealth management services.

First Bancorp

Market Cap: US$336.1m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Union Bankshares

Market Cap: US$107.3m

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

Similarweb

Market Cap: US$355.6m

Provides digital data and analytics for power critical business decisions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally.

Patria Investments

Market Cap: US$1.8b

Operates as a private market investment firm.

Angel Studios

Market Cap: US$510.8m

Operates as a media and technology company.

Angel Oak Mortgage REIT

Market Cap: US$206.0m

A real estate finance company, focuses on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Betterware de MéxicoP.I. de

Market Cap: US$677.8m

Operates as a direct-to-consumer selling company in the United States and Mexico.

Bank of Marin Bancorp

Market Cap: US$415.7m

Operates as the holding company for Bank of Marin that provides a range of financial services to small to medium-sized businesses, not-for-profit organizations, and commercial real estate investors in the United States.

Bank of the James Financial Group

Market Cap: US$104.3m

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.

Tecogen

Market Cap: US$171.7m

Designs, manufactures, markets, and maintains cogeneration products for multi-family residential, commercial, recreational, and industrial use in the United States.

Kronos Worldwide

Market Cap: US$739.8m

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

UMH Properties

Market Cap: US$1.3b

A public equity REIT that owns and operates 145 manufactured home communities.

Hudson Pacific Properties

Market Cap: US$761.0m

A real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries.

Community Trust Bancorp

Market Cap: US$1.2b

Operates as the bank holding company for Community Trust Bank, Inc.

Meridian

Market Cap: US$224.6m

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

Butler National

Market Cap: US$257.6m

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

ChoiceOne Financial Services

Market Cap: US$475.9m

Operates as the bank holding company for ChoiceOne Bank that provides various banking services in the Michigan.

Anika Therapeutics

Market Cap: US$192.7m

A joint preservation company, focuses on early intervention orthopedics in the United States, Europe, and internationally.

Byline Bancorp

Market Cap: US$1.5b

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.

Trinity Capital

Market Cap: US$1.5b

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

Embassy Bancorp

Market Cap: US$157.2m

Operates as the bank holding company for Embassy Bank for the Lehigh Valley that provides banking and financial products and services in Pennsylvania.

Azenta

Market Cap: US$1.0b

Provides biological and chemical compound sample exploration and management solutions for the life sciences industry in the United States, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally.

United Bancorp

Market Cap: US$91.5m

Operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio.

NexPoint Diversified Real Estate Trust

Market Cap: US$267.4m

An externally advised, publicly traded, diversified real estate investment trust.

AMREP

Market Cap: US$134.6m

Through its subsidiaries, engages in the real estate business in the United States.

Expensify

Market Cap: US$110.9m

Provides a cloud-based expense management software platform in the United States and internationally.

Shoe Carnival

Market Cap: US$443.4m

Operates as a family footwear retailer in the United States.

Virtus Investment Partners

Market Cap: US$979.4m

A publicly owned investment manager.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$977.0m

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

LCNB

Market Cap: US$239.6m

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

Hudson Technologies

Market Cap: US$225.5m

Through its subsidiary, Hudson Technologies Company, provides solutions to recurring problems within the refrigeration industry in the United States.

ACNB

Market Cap: US$560.4m

A financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States.