5 Small-Cap Stocks With Insider Buying

In this article, we discuss 5 small-cap stocks with insider buying. If you want to see more stocks in this selection, check out 12 Small-Cap Stocks With Insider Buying. 

5. Wolverine World Wide, Inc. (NYSE:WWW)

Number of Hedge Fund Holders: 21

Wolverine World Wide, Inc. (NYSE:WWW) is a Michigan-based company that designs, manufactures, markets, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada, and Latin America. On February 24, 2023, a director at Wolverine World Wide, Inc. (NYSE:WWW) purchased 10,000 shares of the company priced at $16.13 each. As of March 10, the stock trades at $16.14, indicating a return of 0.06% since the director purchased the company shares.

On February 8, Wolverine World Wide, Inc. (NYSE:WWW) declared a $0.10 per share quarterly dividend, in line with previous. The dividend is distributable on May 1, to shareholders of record on April 3.

According to Insider Monkey’s Q4 data, 21 hedge funds were long Wolverine World Wide, Inc. (NYSE:WWW), compared to 18 funds in the preceding quarter. Diamond Hill Capital is the largest stakeholder of the company.

Diamond Hill Capital made the following comment about Wolverine World Wide, Inc. (NYSE:WWW) in its Q4 2022 investor letter:

“Footwear and apparel company Wolverine World Wide, Inc. (NYSE:WWW) underperformed as softer demand and elevated inventory levels have necessitated higher-than-expected promotional activity, weighing on near-term profitability. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce — initiatives aimed at generating cost savings. We remain attracted to WWW’s strong collection of brands and its fragmented customer base.”