This article presents an overview of Insiders Are Buying These 5 Penny Stocks. For a detailed overview of the 15 such stocks read our article, Insiders Are Buying These 11 Penny Stocks.
5. Gain Therapeutics Inc (NASDAQ:GANX)
Number of Hedge Fund Investors: 5
Maryland-based biotechnology company Gain Therapeutics Inc (NASDAQ:GANX) ranks fifth in our list of the penny stocks with latest insider purchases. On March 28, Jeffrey Riley, a board member at Gain Therapeutics Inc (NASDAQ:GANX), bought 30,000 shares of Gain Therapeutics Inc (NASDAQ:GANX) at $3.86 per share. Since then the stock is up 1.6%.
As of the end of the fourth quarter of 2023, five hedge funds in Insider Monkey’s database had stakes in Gain Therapeutics Inc (NASDAQ:GANX).
4. Citizens Inc. (NYSE:CIA)
Number of Hedge Fund Investors: 8
Insurance company Citizens Inc. (NYSE:CIA) ranks fourth in our list of the penny stocks with latest insider buying activity. James Morgan, a director at Citizens Inc. (NYSE:CIA), on March 26 bought 5,000 shares of Citizens Inc. (NYSE:CIA) at $2.11 per share. Since then the stock is up about 0.5%.
Citizens Inc.’s (NYSE:CIA) CEO Gerald Shields on March 21 bought 16,000 shares of Citizens Inc. (NYSE:CIA) at $2.22 per share. He had also amassed 29,182 shares of Citizens Inc. (NYSE:CIA) in November at $3.00 per share.
3. Rezolute Inc (NASDAQ:RZLT)
Number of Hedge Fund Investors: 10
California-based biotechnology company Rezolute Inc (NASDAQ:RZLT) ranks third in our list of the penny stocks insiders are piling into. Daron Evans, Rezolute Inc’s (NASDAQ:RZLT) CFO, on March 8 bought 50,000 shares of Rezolute Inc (NASDAQ:RZLT) at $1.93 per share. Since then through April 2 the stock has gained about 27%. Brian Roberts, Rezolute Inc’s (NASDAQ:RZLT) Chief Medical Officer, also bought 10,000 Rezolute Inc (NASDAQ:RZLT) shares on March 14 at $1.88 per share. Since then the stock is up 32%.
2. ALTUS Power Inc (NYSE:AMPS)
Number of Hedge Fund Investors: 14
Clean energy solutions company ALTUS Power Inc (NYSE:AMPS) ranks second in our list of the penny stocks with latest insider purchases. ALTUS Power Inc’s (NYSE:AMPS) co-founder and co-CEO Gregg Felton on March 28 bought 12,500 shares of ALTUS Power Inc (NYSE:AMPS) at $4.78 per share. Since then the stock is up 1%.
As of the end of the last quarter of 2023, 14 hedge funds out of the 933 funds in Insider Monkey’s database had stakes in ALTUS Power Inc (NYSE:AMPS).
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).
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