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Here we present a list of twenty-three stocks under $4 that have seen net institutional and net mutual fund buying over the current and prior quarters.

Do you think this buying is set to continue, or has most of the good news been priced into these names?

Use this list as a starting point for your own analysis.

Institutional and mutual fund data sourced from Fidelity, all other data sourced from Finviz.

List sorted by price.

1. Globalstar Inc. (NYSEMKT:GSAT): Wireless Communications Industry. Market cap of $307.40M. Price at $1.05. Net institutional shares bought during current quarter at 5.3M vs. 2.3M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 143.1K vs. 2.6M net shares bought during the previous quarter. GSAT is a short squeeze candidate, with a short float at 5.12% (equivalent to 7.25 days of average volume). The stock is currently stuck in a downtrend, trading 16.27% below its SMA20, 21.51% below its SMA50, and 33.08% below its SMA200. It's been a rough couple of days for GSAT, losing 11.67% over the last week.

2. Flagstar Bancorp Inc. (NYSE:FBC): Savings & Loans Industry. Market cap of $885.30M. Price at $1.55. Net institutional shares bought during current quarter at 352.2M vs. 2.2M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 6.2M vs. 2.0M net shares bought during the previous quarter. The stock is currently stuck in a downtrend, trading 10.35% below its SMA20, 8.42% below its SMA50, and 31.41% below its SMA200. It's been a rough couple of days for the stock, losing 8.57% over the last week.

3. SIRIUS XM Radio Inc. (NASDAQ:SIRI): Broadcasting Industry. Market cap of $6.88B. Price at $1.71. Net institutional shares bought during current quarter at 192.7M vs. 160.2M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 73.1M vs. 8.6M net shares bought during the previous quarter. The stock has gained 92.31% over the last year.

4. Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX): Biotechnology Industry. Market cap of $587.37M. Price at $1.78. Net institutional shares bought during current quarter at 8.2M vs. 978.0K net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 4.1M vs. 1.2M net shares bought during the previous quarter. After a solid performance over the last year, LXRX has pulled back during recent sessions. The stock is 4.43% below its SMA20 and 4.12% below its SMA50, but remains 13.51% above its SMA200. The stock has gained 35.94% over the last year.

5. Platinum Group Metals Ltd. (NYSEMKT:PLG): Industrial Metals & Minerals Industry. Market cap of $346.05M. Price at $1.91. Net institutional shares bought during current quarter at 58.6M vs. 6.5M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 9.5M vs. 2.2M net shares bought during the previous quarter.

6. Crown Media Holdings Inc. (NASDAQ:CRWN): CATV Systems Industry. Market cap of $755.33M. Price at $1.97. Net institutional shares bought during current quarter at 675.9K vs. 4.1M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 43.1K vs. 287.7K net shares bought during the previous quarter. The stock is a short squeeze candidate, with a short float at 15.14% (equivalent to 27.09 days of average volume). It's been a rough couple of days for the stock, losing 29.77% over the last week.

7. The Governor and Company of The Bank of Ireland (NYSE:IRE): Foreign Regional Banks Industry. Market cap of $2.70B. Price at $1.97. Net institutional shares bought during current quarter at 2.3M vs. 3.5M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 355.2K vs. 555.3K net shares bought during the previous quarter. The stock is currently stuck in a downtrend, trading 7.99% below its SMA20, 13.4% below its SMA50, and 37.22% below its SMA200. The stock has performed poorly over the last month, losing 12.07%.

8. Great Basin Gold Ltd. (NYSEMKT:GBG): Gold Industry. Market cap of $1.06B. Price at $2.54. Net institutional shares bought during current quarter at 44.4M vs. 33.2M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 13.3M vs. 5.7M net shares bought during the previous quarter. The stock has gained 46.89% over the last year.

9. Banro Corporation (NYSEMKT:BAA): Gold Industry. Market cap of $481.58M. Price at $2.67. Net institutional shares bought during current quarter at 4.1M vs. 374.3K net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 6.6M vs. 2.4M net shares bought during the previous quarter. It's been a rough couple of days for the stock, losing 14.46% over the last week.

10. Northgate Minerals Corp. (NXG): Gold Industry. Market cap of $820.18M. Price at $2.69. Net institutional shares bought during current quarter at 2.8M vs. 14.9M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 5.6M vs. 7.0M net shares bought during the previous quarter. The stock has lost 10.22% over the last year.

11. Entree Gold Inc. (NYSEMKT:EGI): Gold Industry. Market cap of $319.23M. Price at $2.74. Net institutional shares bought during current quarter at 2.2M vs. 726.4K net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 583.3K vs. 42.9K net shares bought during the previous quarter.

12. Satcon Technology Corporation (SATC): Semiconductor Industry. Market cap of $391.25M. Price at $3.25. Net institutional shares bought during current quarter at 16.3M vs. 5.9M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 5.8M vs. 3.7M net shares bought during the previous quarter. The stock is currently stuck in a downtrend, trading 15.24% below its SMA20, 28.08% below its SMA50, and 13.39% below its SMA200.

13. Extreme Networks Inc. (NASDAQ:EXTR): Networking & Communication Devices Industry. Market cap of $310.90M. Price at $3.32. Net institutional shares bought during current quarter at 1.1M vs. 441.4K net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 489.5K vs. 603.3K net shares bought during the previous quarter. It's been a rough couple of days for the stock, losing 10.76% over the last week.

14. West Coast Bancorp (NASDAQ:WCBO): Regional Bank. Market cap of $323.07M. Price at $3.33. Net institutional shares bought during current quarter at 623.9K vs. 3.0M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 1.3M vs. 1.6M net shares bought during the previous quarter. Note that this is a risky stock that is significantly more volatile than the overall market (beta = 2.29).

15. Orbitz Worldwide, Inc. (NYSE:OWW): General Entertainment Industry. Market cap of $358.26M. Price at $3.46. Net institutional shares bought during current quarter at 63.6K vs. 392.1K net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 651.4K vs. 1.2M net shares bought during the previous quarter.

16. Paramount Gold and Silver Corp. (NYSEMKT:PZG): Industrial Metals & Minerals Industry. Market cap of $474.17M. Price at $3.52. Net institutional shares bought during current quarter at 1.9M vs. 37.7K net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 184.4K vs. 37.7K net shares bought during the previous quarter. After a solid performance over the last year, PZG has pulled back during recent sessions. The stock is 12.81% below its SMA20 and 5.83% below its SMA50, but remains 60.22% above its SMA200.

17. CKX Inc. (NASDAQ:CKXE): Entertainment Industry. Market cap of $333.33M. Price at $3.57. Net institutional shares bought during current quarter at 135.5K vs. 238.4K net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 969.7K vs. 8.5M net shares bought during the previous quarter. The stock has lost 38.7% over the last year.

18. Opko Health, Inc. (NYSE:OPK): Medical Appliances & Equipment Industry. Market cap of $935.79M. Price at $3.66. Net institutional shares bought during current quarter at 1.3M vs. 456.8K net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 223.6K vs. 361.2K net shares bought during the previous quarter. The stock has performed poorly over the last month, losing 19.38%.

19. Columbia Laboratories Inc. (NASDAQ:CBRX): Drug Delivery Industry. Market cap of $323.06M. Price at $3.72. Net institutional shares bought during current quarter at 2.1M vs. 2.4M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 2.9M vs. 68.1K net shares bought during the previous quarter. CBRX is exhibiting strong upside momentum--currently trading 9.72% above its SMA20, 29.84% above its SMA50, and 125.69% above its SMA200. The stock has had a couple of great days, gaining 9.89% over the last week.

20. Avanir Pharmaceuticals (NASDAQ:AVNR): Drug Manufacturer. Market cap of $475.34M. Price at $3.76. Net institutional shares bought during current quarter at 40.8M vs. 4.1M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 13.6M vs. 2.1M net shares bought during the previous quarter. The stock is a short squeeze candidate, with a short float at 20.85% (equivalent to 8.13 days of average volume). The stock has had a couple of great days, gaining 11.4% over the last week.

21. Powerwave Technologies Inc. (NASDAQ:PWAV): Communication Equipment Industry. Market cap of $607.90M. Price at $3.79. Net institutional shares bought during current quarter at 24.6M vs. 6.2M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 2.3M vs. 906.5K net shares bought during the previous quarter. The stock has gained 174.81% over the last year.

22. Vonage Holdings Corporation (NYSE:VG): Diversified Communication Services Industry. Market cap of $870.97M. Price at $3.86. Net institutional shares bought during current quarter at 32.7M vs. 8.8M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 640.8K vs. 5.8M net shares bought during the previous quarter. It's been a rough couple of days for the stock, losing 12.47% over the last week.

23. Denny's Corporation (NASDAQ:DENN): Restaurants Industry. Market cap of $393.82M. Price at $3.97. Net institutional shares bought during current quarter at 6.4M vs. 2.3M net shares bought during previous quarter. Net mutual fund shares bought during current quarter at 1.5M vs. 3.8M net shares bought during the previous quarter. The stock has gained 27.01% over the last year.

Source: 23 Stocks Under $4 Seeing Institutional and Mutual Fund Buying