Insiders Are Buying These 5 Penny Stocks

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1. Commscope Holding Company Inc (NASDAQ:COMM)

Number of Hedge Fund Investors: 23

Network infrastructure solutions provider Commscope Holding Company Inc (NASDAQ:COMM) is one of the penny stocks with recent insider purchases. On March 27 Commscope Holding Company Inc’s (NASDAQ:COMM) EVP and CFO Kyle Lorentzen snapped up 11,600 shares of Commscope Holding Company Inc (NASDAQ:COMM) at $1.25 per share. Since then the stock price has gained about 3.94%.

Out of the 933 hedge funds tracked by Insider Monkey, 23 hedge funds reported owning stakes in Commscope Holding Company Inc (NASDAQ:COMM). The biggest stakeholder of Commscope Holding Company Inc (NASDAQ:COMM) during this period was Bob Peck and Andy Raab’s  FPR Partners which owns a $53 million stake in Commscope Holding Company Inc (NASDAQ:COMM).

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Insiders Are Selling These 10 Retail Stocks and the Insiders Are Dumping These 10 Healthcare Stocks.

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