10 Small–Cap Stocks Insiders Are Buying Recently

5. Myers Industries, Inc. (NYSE:MYE)

Number of Insiders Buying: 7

Market Capitalization: $438.548 million

Myers Industries is a manufacturer of sustainable plastic and metal products for various markets, including agricultural, automotive, commercial, marine, and consumer. The company is also among the largest distributors of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States.

In November and December seven insiders, including Interim President & CEO, acquired around $325,920 worth of Myers shares at an average price of around $11.84 per share. The stock is now trading at $12.27 per share, having gained 11.14% since the beginning of the year. Over the last 12 months, Myers stock lost 33.78%. In August and September, the stock was trading a bit higher, at $14 and $15 per share, so November’s drop in price could be one of the reasons the management decided to buy more shares.

According to the data from MarketBeat, one analyst has a “Hold” rating on the stock, with an average price target of $22.00, for an upside of 79.37%.