Insiders Buying Martin Midstream Partners And 2 Other Stocks Under $3

The Dow Jones closed lower by over 100 points on Wednesday. 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 Director Ruben S Martin acquired a total of 68,700 shares an average price of $2.35. To acquire these shares, it cost around $161,674.
• What’s Happening: Martin Midstream Partners posted a narrower loss for the third quarter.
• What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.

Butler National

• The Trade: Butler National Corporation BUKS 10% owner Joseph Patrick Daly acquired a total of 30,000 shares at an average price of $0.67. To acquire these shares, it cost around $20,185.
• What’s Happening: Butler National disclosed the acquisition of KC Machine, a recognized provider of high-quality precision machine parts.
• What Butler National Does: Butler National Corp is engaged in designing, manufacturing and selling, installing, repairing, modifying, overhauling, servicing and distributing a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

Check This Out: Fear Continues To Grip Markets As S&P 500 Settles Below 4,200

ADM Endeavors

• The Trade: ADM Endeavors, Inc. ADMQ CEO Marc Johnson acquired a total of 150,000 shares at an average price of $0.05. The insider spent $7,958 to buy those shares.
• What’s Happening: The company’s stock declined around 16% over the past month.
• What ADM Endeavors Does: ADM Endeavors Inc operates a diverse vertical integrated business, which consists of a retail sales division, focusing on screen print promotions, embroidery production, digital production, import wholesale sourcing, and uniforms.

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