The Dow Jones closed higher by over 180 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.

1847 Holdings

• The Trade: 1847 Holdings LLC (NYSE:EFSH) Chairman and CEO Ellery Roberts acquired a total of 75,000 shares an average price of $0.13. To acquire these shares, it cost around $9,475.
• What’s Happening: 1847 Holdings reported a year-over-year decrease in second-quarter EPS results.
• What 1847 Holdings Does: 1847 Holdings LLC is a diversified holding company. It operates in three segments: Retail and appliances, Construction, and Automotive Supplies.

Nanophase Technologies

• The Trade: Nanophase Technologies Corporation (OTC:NANX) 10% owner Bradford T Whitmore acquired a total of 85,847 shares at an average price of $0.92. The insider spent around $78,899.
• What’s Happening: Nanophase Technologies reported an increase in second-quarter sales.
• What Nanophase Technologies Does: Nanophase Technologies Corp is a U.S based company engaged in the production of engineered nanomaterial solutions and larger, sub-micron, materials such as personal care sunscreens, architectural coatings, industrial coating applications, and abrasion-resistant additives, plastics additives, medical diagnostics, energy.

Kingstone Companies

• The Trade: Kingstone Companies, Inc. (NASDAQ:KINS) Chief Operating Officer Meryl S Golden acquired a total of 3,072 shares at an average price of $1.70. To acquire these shares, it cost around $5,221.
• What’s Happening: Kingstone Companies posted a wider-than-expected quarterly loss.
• What Kingstone Companies Does: Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company.

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