In this piece, we are going to present you the 5 best penny stocks to buy now. For an overview what penny stocks are and to get a more comprehensive list of companies, take a look at 10 Best Penny Stocks To Buy Now.
5. Kadmon Holdings Inc (NASDAQ:KDMN)
In Kadmon Holdings Inc (NASDAQ:KDMN), there were 24 investors holding shares at the end of September, down by five over the quarter. Joseph Edelman’s Perceptive Advisors and Mitchell Blutt’s Consonance Capital Management are among the top shareholders of the company with stakes worth $61.59 million and $54.91 million, respectively.
You have to pay attention whenever you see Perceptive Advisors among the top holders of a publicly traded stock. Joe Edelman’s healthcare focused hedge fund returned close to 54% in 2019 net of large hedge fund fees and this isn’t the first time he pulled off that feat. How many investors do you know who can deliver similar returns in multiple years.