5 Penny Stocks with Insider Buying

In this piece, we will take a look at five penny stocks with insider buying. For more penny stocks, head on over to 10 Penny Stocks with Insider Buying.

5. Franklin Street Properties Corp. (NYSE:FSP)

Total Value of Insider Purchases: ~$445,000

Number of Hedge Fund Investors in Q4 2022: 12

Franklin Street Properties Corp. (NYSE:FSP) is a real estate investment trust (REIT) that is headquartered in Wakefield, Massachusetts. The firm focuses primarily on office properties in the Mountain West and Sunbelt.

Two Franklin Street Properties Corp. (NYSE:FSP) directors cumulatively bought 200,000 shares of the company in March 2023 that are approximately worth$445,000. The firm’s fourth quarter of 2022 results reported in February 2023 saw it beat Wall Street estimates for its funds from operations (FFO) by two cents as it posted 10 cents for the metric. As of Q4 2022, 12 of the 943 hedge funds polled by Insider Monkey had invested in Franklin Street Properties Corp. (NYSE:FSP).

Franklin Street Properties Corp. (NYSE:FSP)’s largest investor in our database is Eli Samaha’s Madison Avenue Partners which owns five million shares that are worth $13 million.