5 Best Long-Term Penny Stocks to Buy Now

4. Vertex Energy, Inc. (NASDAQ:VTNR)

Number of Hedge Fund Holders: 21

A total of 21 hedge funds in Insider Monkey’s database of 943 hedge funds had stakes in Vertex Energy, Inc. (NASDAQ:VTNR) as of the end of the first quarter. The most significant stakeholder of Vertex Energy, Inc. (NASDAQ:VTNR) was Adam Usdan’s Trellus Management Company which had a $21 million stake in the company.

Vertex Energy, Inc. (NASDAQ:VTNR) recently posted second quarter results. GAAP EPS in the quarter came in at -$1.07 missing estimates by $0.79. Revenue in the quarter fell about 29% year over year to $734.9 million, beating estimates by $21.19 million.