Companies with higher levels of insider ownership (stocks held by senior executives and directors within the firm) attract investor interest as it reflects confidence in growth potential since insiders personal wealth is directly affected by stock performance. It is believed that an insider action predicts the future movement of a stock because of the greater knowledge that insiders possess about the company.
Today, we have shortlisted 9 U.S. penny stocks across sectors which have an insider ownership of more than 10%, held by high level executives and directors within the firm. These companies have witnessed a significant increase in insider ownership during the past six months. Additionally, we note that some of the shortlisted stocks have recorded positive price gains with daily average trading volume in excess of 100,000 shares over the past six months.
|
Company Name |
Ticker |
Exchange |
Sector |
Market Cap |
Last Price |
Average Volume |
Price Change |
Equity Shares Outstanding |
Insider Ownership |
Change in Insider Holding |
52-Week High |
52-Week Low |
|
China Recycling Energy |
CREG |
NASDAQ |
Industrial |
81.7 |
1.34 |
587,933 |
-62.3 |
60.9 |
54.3% |
71.9% |
6.05 |
1.02 |
|
Viggle Inc |
VGGL |
NASDAQ |
Financial |
55.1 |
3.50 |
123,617 |
-80.6 |
15.7 |
52.2% |
1201.2% |
56.00 |
1.95 |
|
Globalstar Inc |
GSAT |
NYSE |
Communications |
2,235.6 |
2.26 |
5,365,791 |
-17.8 |
780.2 |
48.6% |
11.2% |
4.53 |
1.22 |
|
American Apparel Inc |
APP |
NYSE |
Consumer Discretionary |
121.9 |
0.70 |
3,891,125 |
6.6 |
174.2 |
44.6% |
54.7% |
1.52 |
0.46 |
|
Hansen Medical Inc |
HNSN |
NASDAQ |
Healthcare |
110.0 |
0.98 |
377,328 |
-57.0 |
112.2 |
25.6% |
37.3% |
2.89 |
0.87 |
|
Liquid Holdings Group |
LIQD |
NASDAQ |
Technology |
62.5 |
1.04 |
1,037,640 |
-75.2 |
60.1 |
20.8% |
34.3% |
9.05 |
0.81 |
|
Cel-Sci Corp |
CVM |
NYSE |
Healthcare |
54.8 |
0.69 |
426,192 |
-46.7 |
79.7 |
18.6% |
1295.4% |
1.90 |
0.53 |
|
QuinStreet Inc |
QNST |
NASDAQ |
Communications |
184.2 |
4.15 |
147,715 |
-33.2 |
44.4 |
15.9% |
10.8% |
9.62 |
4.10 |
|
Aspen Group Inc/CO |
ASPU |
OTC BB |
Communications |
23.7 |
0.21 |
285,063 |
98.1 |
112.8 |
12.8% |
16.2% |
0.39 |
0.10 |
Source: Bloomberg
Company Description
China Recycling Energy Corp (NASDAQ: CREG)
China Recycling Energy Corp. is involved in the recycling energy business. The company, through its subsidiaries, provides environmentally friendly waste-to-energy technologies to recycle industrial by-products such as heat, steam, pressure, and exhaust to generate electricity and reduce the need for outside electrical sources.
Viggle Inc (NASDAQ: VGGL)
Viggle Inc., is a loyalty marketing company. The company has developed a loyalty program for television that gives people real rewards for checking into the television shows they are watching on most mobile operating system. Viggle users can redeem their points in the app’s rewards catalogue for items such as movie tickets, music, or gift cards.
Globalstar Inc (NYSE: GSAT)
Globalstar, Inc. provides mobile voice and data communications services via satellite. The company primarily provides business and recreational communications to industry, government, and individual customers located in remote areas throughout the world.
American Apparel Inc (NYSE: APP)
American Apparel, Inc. manufactures, distributes, and retails branded fashion apparel. The company also wholesales t-shirts and other casual wear to distributors and screen printers, as well as operates a retail e-commerce website.
Hansen Medical Inc (NASDAQ: HNSN)
Hansen Medical, Inc. develops and manufactures medical robotics designed for positioning, manipulation and control of catheters and catheter-based technologies.
Liquid Holdings Group Inc (NASDAQ: LIQD)
Liquid Holdings Group, Inc. provides a financial services software platform with a focus on providing technology to asset managers. The company’s platform includes multi-asset class trading technology, real-time risk analytics, accounting matrices, and a suite of asset management tools with brokerage and execution solutions.
Cel-Sci Corp (NYSE: CVM)
CEL-SCI Corporation researches and develops certain drugs and vaccines. The company’s Multikine is being tested to determine if it is effective in improving the immune response of cancer patients. CEL-SCI is also developing other products. The company is currently targeting diseases such as AIDS, herpes simplex, malaria, tuberculosis, prostate cancer, and breast cancer.
QuinStreet Inc (NASDAQ: QNST)
QuinStreet Inc. specializes in vertical marketing and media on the Internet. The company focuses on clients in the education and financial services industries, as well as has a presence in the home services, business-to-business, or B2B, and healthcare industries.
Aspen Group Inc/CO (OTC BB: ASPU)
Aspen Group Inc owns and operates Aspen University, a nationally accredited online institution. The company offers Associate, Bachelor, Master’s and Doctoral degrees and certificate programs. Aspen Group Inc. is predominantly a Graduate University. The company accepts financial aid and offers military benefits.
