Martin Midstream Partners And 2 Other Penny Stocks Insiders Are Buying

The Dow Jones closed higher by more than 100 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.

Martin Midstream Partners

• The Trade: Martin Midstream Partners L.P. MMLP President and CEO Robert D Bondurant acquired a total of 1082.52 shares an average price of $2.12. To acquire these shares, it cost around $2,300. The company’s other executives also bought the company’s shares.
• What’s Happening: Martin Midstream Partners is expected to announce financial results for second quarter on July 19.
• What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.

RENN Fund

• The Trade: RENN Fund, Inc. RCG President and CEO Murray Stahl acquired a total of 419 shares at an average price of $1.83. The insider spent around $767.
• What’s Happening: RF Capital Group reported preliminary month-end assets under administration of $36.0 billion as of March 31, 2023.
• What RENN Fund Does: RENN Fund Inc is active in the financial services domain. It is a closed-end management investment company formed with the objective of providing long-term capital appreciation by investing substantially in privately placed convertible and equity securities of emerging growth companies traded on the United States securities exchanges.

1847 Holdings

• The Trade: 1847 Holdings LLC EFSH 10% owner Strategic Risk LLC acquired a total of 102,000 shares at an average price of $0.29. To acquire these shares, it cost around $29,100.
• What’s Happening: 1847 sees revenue of $20 million for the second quarter, representing a 54% increase year over year.
• What 1847 Holdings Does: 1847 Holdings LLC is a diversified holding company. It operates in three segments: Retail and appliances, Construction, and Automotive Supplies.

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