Beasley Broadcast And 2 Other Stocks Under $3 Insiders Are Buying

2/20/24 8:30:26 AM ET

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The Dow Jones index closed lower 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.

EMCORE

The Trade: EMCORE Corporation (NASDAQ:EMKR) 10% owner Constantinos Christofilis acquired a total of 4,851,568 shares an average price of $0.36. To acquire these shares, it cost around $1.7 million.
What’s Happening: EMCORE reported worse-than-expected first-quarter financial results.
What EMCORE Does: EMCORE Corp is a provider of sensors and navigation systems for the aerospace and defense market.

Beasley Broadcast

The Trade: Beasley Broadcast Group, Inc. (NASDAQ:BBGI) President Bruce G Beasley acquired a total of 5,000 shares at at an average price of $0.86. To acquire these shares, it cost around $4,300.
What’s Happening: Beasley Broadcast posted downbeat fourth-quarter sales.
What Beasley Broadcast Does: Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States.

Check This Out: Top 5 Industrials Stocks That May Collapse This Quarter

Arena Group

The Trade: The Arena Group Holdings, Inc. (NYSE:AREN) 10% owner Manoj Bhargava acquired a total of 5,555,555 shares at an average price of $2.16. The insider spent around $12 million to buy those shares.
What’s Happening: Arena Group board recently terminated employment of CEO Ross Levinsohn.
What Arena Group Does: The Arena Group Holdings Inc is a tech-powered media company that fuses superior technology, iconic brands, and marketing savvy to deliver vibrant content and experiences that reach more than 120 million users each month.

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Recent Analyst Ratings for
$AREN
$BBGI
$EMKR

Company	Date	Price Target	Rating	Analyst
The Arena Group Holdings Inc. $AREN	7/21/2025	$10.00	Buy	Lake Street
EMCORE Corporation $EMKR	10/2/2024	$3.00	Hold → Buy	Craig Hallum
EMCORE Corporation $EMKR	8/10/2022		Outperform → Market Perform	Northland Capital
The Arena Group Holdings Inc. $AREN	3/8/2022	$15.00	Buy	B. Riley Securities
EMCORE Corporation $EMKR	2/10/2022	$11.00 → $4.50	Buy → Hold	Lake Street

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TravelHost, the premier travel destination publication, released its comprehensive guide to 50 of their top destinations for a long, romantic weekend getaway. From coast to coast, TravelHost has the perfect destinations for couples to find their next adventure, no matter where they live. With Valentine's Day on the horizon, this guide offers couples plenty of inspiration for memorable getaways; from Southern charm and historic streets to snow‑covered mountains and desert sunsets, the guide highlights standout destinations in every region of the country. "When it comes to choosing a place to celebrate love, every state has something worth highlighting," said Lauren Gordon, TravelHost edi

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The Arena Group Holdings, Inc. (NYSE:AREN) ("Arena"), a technology platform and media company home to hundreds of media brands, including TheStreet, Parade Media ("Parade"), Men's Journal, Surfer, Powder and Athlon Sports, today announced that it has reached a confidential settlement resolving all outstanding legal matters with Authentic Brands Group, LLC et al, Sportority, Inc. d/b/a Minute Media, and Manoj Bhargava. The financial terms of the confidential settlement are not material. As a result of the settlement, Arena has made significant improvements to its balance sheet, including the removal of approximately $93.9 million in accrued liabilities which Arena expects to record in its f

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Beasley Broadcast Group, Inc. Appoints Lauren Burrows Coleman as Chief Financial Officer

NAPLES, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Beasley Broadcast Group, Inc. (NASDAQ:BBGI), a multi-platform media company, today announced the appointment of Lauren Burrows Coleman as Chief Financial Officer, effective Friday, November 1, 2024. Longtime CFO Marie Tedesco will retire from Beasley after 33 years of dedicated service to the company. Before joining Beasley, Ms. Burrows Coleman served as Global Head of Strategic Corporate and Commercial Finance at Wayfair (NYSE:W), where she led a global team of 50 across Financial Planning & Analysis, Commercial Finance, Capital Markets, Corporate Development, and Global Tax functions. Ms. Burrows Coleman's impressive career also includes

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The Arena Group Reports 2024 Second Quarter Financial Results

Company Highlights Success of Recent Restructurings, Majority Shareholder Significantly Increases Financial Commitment for Future Growth The Arena Group Holdings, Inc. (NYSE:AREN), today provided an operational update and reported financial results for the three months ended June 30, 2024. Management Commentary "Nearly all of our cost reduction initiatives are complete, leading to an expected over $40 million in eliminated costs on an annual basis," commented Sara Silverstein, The Arena Group's Chief Executive Officer. "As a result, our net losses significantly narrowed, demonstrating that we are on the right path." "We achieved positive Adjusted EBITDA in the current quarter with p

8/19/24 4:06:00 PM ET

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TravelHost Releases Guide to the Top Romantic Getaways in Each U.S. State, Perfect for a Long-Weekend Valentine's Trip

TravelHost, the premier travel destination publication, released its comprehensive guide to 50 of their top destinations for a long, romantic weekend getaway. From coast to coast, TravelHost has the perfect destinations for couples to find their next adventure, no matter where they live. With Valentine's Day on the horizon, this guide offers couples plenty of inspiration for memorable getaways; from Southern charm and historic streets to snow‑covered mountains and desert sunsets, the guide highlights standout destinations in every region of the country. "When it comes to choosing a place to celebrate love, every state has something worth highlighting," said Lauren Gordon, TravelHost edi

2/2/26 1:31:00 PM ET

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The Arena Group Announces Debt Maturity Extensions, Supporting Refinancing Efforts

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