When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.
Trinity Place Holdings
- The Trade: Trinity Place Holdings Inc. (NYSE:TPHS) President and CEO Matthew Messinger acquired a total of 4000 shares at an average price of $1.77. To acquire these shares, it cost $7,092.00.
- What’s Happening: Trinity Place, last month, reported a $70 million strategic investment through multiple draw secured term loan facility.
- What Trinity Place Does: Trinity Place Holdings Inc is a real estate holding, investment, and asset management company. It is primarily engaged into own, invest in, manage, develop or redevelop real estate assets and real estate related securities.
ServiceSource International
- The Trade: ServiceSource International, Inc. (NASDAQ:SREV) 10% owner Jonathan Brolin acquired a total of 46531 shares at an average price of $1.03. The insider spent $47,822.28 to buy those shares.
- What’s Happening: The company, during November, reported upbeat quarerly sales.
- What ServiceSource International Does: ServiceSource International Inc is a provider of customer and revenue lifecycle management solutions. The firm operates in a single segment which is focused on service offerings that integrate data, processes and cloud technologies.
Western Asset Mortgage Capital
- The Trade: Western Asset Mortgage Capital Corporation (NYSE:WMC) CEO Bonnie Wongtrakool acquired a total of 4893.424 shares at an average price of $2.22. To acquire these shares, it cost $10,847.41.
- What’s Happening: Western Asset Mortgage Capital, last month, declared Q4 dividend of $0.06 per share.
- What Western Asset Mortgage Capital Does: Western Asset Mortgage Capital Corp is a specialty financial REIT company managing diversified mortgage-market investment portfolio.
Anixa Biosciences
- The Trade: Anixa Biosciences, Inc. (NASDAQ:ANIX) CEO Amit Kumar acquired a total of 20000 shares at an average price of $3.00. The insider spent $60,000.00 to buy those shares.
- What’s Happening: Anixa Biosciences, last month, announced the results of a genomic variant analysis conducted with its partner, MolGenie GmbH, on potential compounds to treat COVID-19.
- What Anixa Biosciences Does: Anixa Biosciences Inc, a cancer-focused biotechnology company, is engaged in harnessing the body's immune system in the fight against cancer.
