5 Penny Stocks with Insider Buying

4. iHeartMedia, Inc. (NASDAQ:IHRT)

Total Value of Insider Purchases: $1.05 million

Number of Hedge Fund Investors in Q4 2022: 27

iHeartMedia, Inc. (NASDAQ:IHRT) is a media and entertainment company headquartered in San Antonio, Texas. The firm operates a radio service, newsletters, and other services.

iHeartMedia, Inc. (NASDAQ:IHRT)’s insiders cumulatively bought roughly close to two hundred thousand shares of the firm for approximately $1.05 million in March 2023. 27 of the 943 hedge funds polled by Insider Monkey had held a stake in the company in Q4 2022.

Out of these, Edward A. Mule’s Silver Point Capital is iHeartMedia, Inc. (NASDAQ:IHRT)’s largest shareholder. It owns 5.5 million shares that are worth $33 million.

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