When insiders buy or sell stock, it indicates their confidence or concern about the company’s prospects. Investors and traders interested in penny stocks may consider it a factor in their overall investment or trading decision.
Below are some recent notable insider trades for penny stocks. For more, check out Benzinga’s Insider Trading platform.
The trade: United Insurance Holdings Corp. (NASDAQ: UIHC) Director Alec L. Poitevint II acquired a total of 21550 shares at an average price of $3.45. To acquire these shares it cost $74,368.00.
What is going on: The company’s stock is up more than 12% in the past five days.
What United Insurance does?United Insurance Holdings Corp. is a holding company primarily engaged in residential, commercial, and casualty insurance in the United States
Oxford Square Capital
The trade: Oxford Square Capital Corp. (NASDAQ: OXSQ) CEO Jonathan H Cohen acquired a total of 13200 shares shares at an average price of $4.09. The insider spent $53,951.97 to buy those shares.
What is going on: The company’s shares are up more than 27% since the beginning of the year.
What does Oxford Square Capital do?: Oxford Square Capital Corp. is a closed-end, undistributed management investment company.
Volt Information Science
The trade: Volt Information Sciences, Inc. (NYSE: VOLT) SVP/Chief Legal Officer Nancy T Avedissian acquired a total of 2500 shares at an average price of $3.43. To acquire these shares, it cost $8,575.00.
What is going on: Volt Information recently posted positive quarterly results.
What Volt Information Sciences does: Volt Information Sciences offers recruitment services. The company provides personnel services, outsourcing solutions and infrastructure services for information technology.
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