5 Best NASDAQ Penny Stocks to Buy

2. Sirius XM Holdings Inc. (NASDAQ:SIRI)

Number of Hedge Fund Holders: 24
Share Price as of July 2: $4.53

Sirius XM Holdings Inc. (NASDAQ:SIRI) ranks second on our list of the best penny stocks. The broadcasting corporation provides satellite radio and online radio services throughout the US. As of March 31, the company had over 34 million subscribers and over 150 million listeners. It is also a dividend payer and currently pays a quarterly dividend of $0.0242 per share and has a dividend yield of 2.14%, as of July 2.

According to Insider Monkey’s database of Q1 2023, 24 hedge funds owned stakes in Sirius XM Holdings Inc. (NASDAQ:SIRI), with a total value of over $113.6 million. With over 12.3 million shares, Zimmer Partners was the company’s leading stakeholder in Q1.

Follow Sirius Xm Holdings Inc. (NASDAQ:SIRI)