5 Cash-Rich Penny Stocks Hedge Funds Are Buying

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This article presents an overview of the 5 Cash-Rich Penny Stocks Hedge Funds Are Buying. For a detailed overview of such stocks, read our article, 15 Cash-Rich Penny Stocks Hedge Funds Are Buying.

5. Citizens Inc. (NYSE:CIA)

Number of Hedge Fund Investors: 5

Free Cash Flow (TTM): $46M

Life insurance products company Citizens Inc. (NYSE:CIA) ranks fifth in our list of the best cash-rich penny stocks to buy according to hedge funds. In November Citizens Inc. (NYSE:CIA) posted third quarter results.

GAAP EPS in the quarter came in at $0.05. Revenue in the quarter jumped 5.7% year over year to $59.39 million, beating estimates by $2.47 million.

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