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Tue. 30 Nov 2021, 6:33am ETBenzinga
In: Long Ideas, News, Penny Stocks, Insider Trades, Pre-Market Outlook, Markets, Trading Ideas

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.

Liberated Syndication

  • The Trade: Liberated Syndication Inc. (OTC:LSYN) 10% owner Camac Partners Llc acquired a total of 438791 shares at an average price of $3.00. To acquire these shares, it cost $1,316,373.00.
  • What’s Happening: The company’s shares dropped 4% over the previous month.
  • What Liberated Syndication Does: Liberated Syndication Inc is engaged in providing podcast hosting services offering hosting and distribution tools which include storage, bandwidth, RSS creation, distribution, and statistics tracking.

FlexShopper

  • The Trade: FlexShopper, Inc. (NASDAQ:FPAY) Director Howard Dvorkin acquired a total of 45606 shares at an average price of $2.50. The insider spent $113,990.76 to buy those shares.
  • What’s Happening: The company recently posted mixed quarterly results.
  • What FlexShopper Does: FlexShopper Inc operates as a holding company in the United States, is engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers.

Western Asset Mortgage Capital

  • The Trade: Western Asset Mortgage Capital Corporation (NYSE:WMC) Chief Investment Officer Greg Handler acquired a total of 75000 shares at an average price of $2.17. To acquire these shares, it cost $162,737.65.
  • What’s Happening: The company, earlier during the month, reported Q3 results.
  • What Western Asset Mortgage Capital Does: Western Asset Mortgage Capital Corp is a specialty financial REIT company managing diversified mortgage-market investment portfolio.

Charles & Colvard

  • The Trade: Charles & Colvard, Ltd. (NASDAQ:CTHR) Director Ollin Sykes acquired a total of 18747 shares at an average price of $3.03. The insider spent $56,803.41 to buy those shares.
  • What’s Happening: The company, earlier during the month, posted upbeat quarterly results.
  • What Charles & Colvard Does: Charles & Colvard Ltd manufactures, markets and distributes finished jewellery which also includes moissanite gemstone in the jewellery market.