U.S. Undervalued based on future growth

Oportun Financial

Market Cap: US$238.3m

Provides financial services in the United States.

J.Jill

Market Cap: US$234.6m

Operates as an omnichannel retailer for women’s apparel in the United States.

First National

Market Cap: US$230.0m

Operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia.

Antalpha Platform Holding

Market Cap: US$227.3m

Provides financing, technology, and risk management solutions to the crypto asset industry.

Seanergy Maritime Holdings

Market Cap: US$224.2m

A shipping company, engages in the seaborne transportation of dry bulk commodities worldwide.

First Community

Market Cap: US$221.9m

Operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals.

Kingstone Companies

Market Cap: US$211.6m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

JAKKS Pacific

Market Cap: US$210.6m

Designs, produces, markets, sells, and distributes toys and related products, consumer products, kids indoor and outdoor furniture, costumes, and sporting goods and home furnishings space products worldwide.

Meridian

Market Cap: US$210.3m

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

Thryv Holdings

Market Cap: US$200.9m

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

OMS Energy Technologies

Market Cap: US$199.9m

Through its subsidiaries, manufactures and sells specialty connectors and pipes, surface wellhead and Christmas trees, premium threading services, and other ancillary services in Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia and internationally.

SunPower

Market Cap: US$199.1m

Engages in the provision of solar system sales and installation in the United States.

Gencor Industries

Market Cap: US$198.3m

Engages in the design, manufacture, and sale of heavy machinery used in the production of highway construction materials and environmental control equipment.

Lovesac

Market Cap: US$197.8m

Designs, manufactures, and sells furniture.

CF Bankshares

Market Cap: US$184.4m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Consumer Portfolio Services

Market Cap: US$183.6m

Operates as a specialty finance company in the United States.

Greystone Housing Impact Investors

Market Cap: US$181.8m

Acquires, holds, sells, and deals mortgage revenue bonds that are issued to provide construction and permanent financing for multifamily, student, and senior citizen housing, skilled nursing properties, and commercial properties in the United States.

Silvercrest Asset Management Group

Market Cap: US$179.7m

A wealth management firm, provides financial advisory and related family office services in the United States.

Hanover Bancorp

Market Cap: US$170.7m

Operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals.

Citizens Community Bancorp

Market Cap: US$170.6m

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

Protalix BioTherapeutics

Market Cap: US$165.7m

A biopharmaceutical company, engages in the development, production, and commercialization of recombinant therapeutic proteins based on the ProCellEx plant cell-based protein expression system.

Core Molding Technologies

Market Cap: US$161.0m

Operates as a molder of thermoplastic and thermoset structural products.

Imperial Petroleum

Market Cap: US$156.7m

Provides seaborne transportation services worldwide.

RCM Technologies

Market Cap: US$147.5m

Provides business and technology solutions in the United States, Canada, Puerto Rico, Europe, and Philippines.

CPI Card Group

Market Cap: US$146.1m

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

WM Technology

Market Cap: US$138.6m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

Bassett Furniture Industries

Market Cap: US$132.6m

Manufactures, markets, and retails home furnishings in the United States.

Seven Hills Realty Trust

Market Cap: US$128.4m

A real estate investment trust, focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States.

Legacy Education

Market Cap: US$126.4m

Provides education services to students, high school graduates, and working parents in the United States.

Sunrise Realty Trust

Market Cap: US$122.4m

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

Viomi Technology

Market Cap: US$91.1m

Through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China.

United Bancorp

Market Cap: US$81.6m

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

Flexible Solutions International

Market Cap: US$74.5m

Develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally.

LifeVantage

Market Cap: US$73.5m

Engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, weight management, pre and pro-biotics and skin and hair care products.

Lument Finance Trust

Market Cap: US$70.2m

A real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States.

Health In Tech

Market Cap: US$68.9m

Operates as an insurance technology platform company.