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Interested in low-priced stocks that may offer good value? Here are some ideas to get you started.

We ran a screen on stocks trading under $5 for those with the most significant net insider buying over the last six months. Low-priced stocks such as these run the risk of being "value traps," however the support of company insiders indicates that these stocks may offer good value.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks offer good value? Use this list as a starting point for your own analysis.

List sorted by net insider purchases as a percent of share float.

1. Cumulus Media Inc. (NASDAQ:CMLS): Engages in the acquisition, operation, and development of commercial radio stations in the United States. Market cap of $531.40M. Price (as of market close on 01/17) at $3.80. Net insider shares purchased over the last six months at 8.55M, which is 14.98% of the company's 57.07M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.29). The stock is a short squeeze candidate, with a short float at 11.05% (equivalent to 18.06 days of average volume). The stock has had a good month, gaining 19.75%.

2. Air Transport Services Group, Inc. (NASDAQ:ATSG): Provides aircraft, airline operations, and other related services primarily to the shipping and transportation industries. Market cap of $313.94M. Price (as of market close on 01/17) at $4.84. Net insider shares purchased over the last six months at 1.19M, which is 2.52% of the company's 47.15M share float. The stock has lost 37.34% over the last year.

3. Clearwire Corporation (CLWR): Provides wireless broadband services. Market cap of $1.85B. Price (as of market close on 01/17) at $1.84. Net insider shares purchased over the last six months at 2.80M, which is 1.42% of the company's 196.79M share float. The stock has performed poorly over the last month, losing 13.02%.

4. Newcastle Investment Corp. (NYSE:NCT): Operates as a real estate investment and finance company that invests in and manages a portfolio consisting primarily of real estate securities. Market cap of $506.97M. Price (as of market close on 01/17) at $4.75. Net insider shares purchased over the last six months at 1.31M, which is 1.29% of the company's 101.70M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.43). The stock has had a good month, gaining 13.15%.

5. Merge Healthcare Incorporated (NASDAQ:MRGE): Provides health information technology interoperability solutions. Market cap of $437.11M. Price (as of market close on 01/17) at $4.87. Net insider shares purchased over the last six months at 258.50K, which is 0.99% of the company's 26.11M share float. The stock is a short squeeze candidate, with a short float at 8.84% (equivalent to 6.03 days of average volume). The stock has gained 9.03% over the last year.

6. TransAtlantic Petroleum Ltd. (NYSEMKT:TAT): Engages in the acquisition, development, exploration, and production of crude oil and natural gas. Market cap of $493.75M. Price (as of market close on 01/17) at $1.26. Net insider shares purchased over the last six months at 1.85M, which is 0.85% of the company's 216.87M share float. The stock has had a good month, gaining 12.5%.

7. Ladenburg Thalmann Financial Services Inc. (NYSEMKT:LTS): Provides a range of financial services primarily to corporate and institutional clients, and high net-worth individuals in the United States. Market cap of $455.67M. Price (as of market close on 01/17) at $2.37. Net insider shares purchased over the last six months at 430.90K, which is 0.54% of the company's 79.16M share float. The stock is a short squeeze candidate, with a short float at 5.06% (equivalent to 12.03 days of average volume). The stock has gained 91.54% over the last year.

8. Radian Group Inc. (NYSE:RDN): Provides credit-related insurance coverage and financial services in the United States and internationally. Market cap of $398.27M. Price (as of market close on 01/17) at $2.93. Net insider shares purchased over the last six months at 311.37K, which is 0.24% of the company's 132.01M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.89). The stock has had a couple of great days, gaining 22.54% over the last week.

9. Denny's Corporation (NASDAQ:DENN): Engages in the ownership and operation of a chain of family-style restaurants. Market cap of $375.80M. Price (as of market close on 01/17) at $3.98. Net insider shares purchased over the last six months at 208.0K, which is 0.22% of the company's 94.97M share float. Might be undervalued at current levels, with a PEG ratio at 0.89, and P/FCF ratio at 14.37. The stock has had a good month, gaining 14.04%.

10. NorthStar Realty Finance Corp. (NYSE:NRF): Operates as a real estate investment trust in the United States. Market cap of $474.14M. Price (as of market close on 01/17) at $4.96. Net insider shares purchased over the last six months at 180.0K, which is 0.19% of the company's 94.15M share float. The stock is a short squeeze candidate, with a short float at 8.6% (equivalent to 10.89 days of average volume). The stock has had a good month, gaining 13.56%.

11. Cedar Realty Trust, Inc. (NYSE:CDR): Engages in the ownership, operation, development and redevelopment of supermarket-anchored community shopping centers and drug store-anchored convenience centers in the United States. Market cap of $313.53M. Price (as of market close on 01/17) at $4.61. Net insider shares purchased over the last six months at 85.0K, which is 0.16% of the company's 54.26M share float. The stock is a short squeeze candidate, with a short float at 5.88% (equivalent to 6.97 days of average volume). The stock has had a good month, gaining 18.51%.

12. MEMC Electronic Materials Inc. (WFR): Engages in the development, manufacture, and sale of silicon wafers for the semiconductor industry worldwide. Market cap of $1.02B. Price (as of market close on 01/17) at $4.56. Net insider shares purchased over the last six months at 355.20K, which is 0.15% of the company's 229.53M share float. The stock has had a couple of great days, gaining 15.06% over the last week.

13. Dynavax Technologies Corporation (NASDAQ:DVAX): A clinical-stage biopharmaceutical company, discovers and develops novel products to prevent and treat infectious diseases. Market cap of $426.49M. Price (as of market close on 01/17) at $3.60. Net insider shares purchased over the last six months at 180.0K, which is 0.15% of the company's 118.32M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.78). The stock is a short squeeze candidate, with a short float at 10.17% (equivalent to 8.83 days of average volume). The stock has had a couple of great days, gaining 11.48% over the last week.

14. MGIC Investment Corp. (NYSE:MTG): Provides private mortgage insurance to the home mortgage lending industry in the United States. Market cap of $875.09M. Price (as of market close on 01/17) at $3.92. Net insider shares purchased over the last six months at 232.50K, which is 0.12% of the company's 197.13M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.27). The stock is a short squeeze candidate, with a short float at 19.75% (equivalent to 5.15 days of average volume). The stock has had a couple of great days, gaining 11.25% over the last week.

15. Affymetrix Inc. (NASDAQ:AFFX): Engages in the development, manufacture, sale, and servicing of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets. Market cap of $326.28M. Price (as of market close on 01/17) at $4.61. Net insider shares purchased over the last six months at 65.0K, which is 0.12% of the company's 56.19M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.08). The stock is a short squeeze candidate, with a short float at 8.66% (equivalent to 6.01 days of average volume). The stock has had a couple of great days, gaining 7.42% over the last week.

16. Sequenom Inc. (NASDAQ:SQNM): Provides products, services, diagnostic testing, applications, and genetic analysis products that translate the results of genomic science into solutions for biomedical research, translational research, molecular medicine applications, and agricultural and livestock research. Market cap of $447.03M. Price (as of market close on 01/17) at $4.44. Net insider shares purchased over the last six months at 96.15K, which is 0.11% of the company's 88.08M share float. The stock is a short squeeze candidate, with a short float at 22.85% (equivalent to 8.28 days of average volume). The stock has had a couple of great days, gaining 6.89% over the last week.

17. OfficeMax Incorporated (NYSE:OMX): Distributes business-to-business and retail office products. Market cap of $407.35M. Price (as of market close on 01/17) at $4.65. Net insider shares purchased over the last six months at 89.30K, which is 0.11% of the company's 84.73M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.53). The stock is a short squeeze candidate, with a short float at 17.21% (equivalent to 7.96 days of average volume). The stock has had a couple of great days, gaining 5.58% over the last week.

18. Office Depot, Inc. (NYSE:ODP): Supplies office products and services. Market cap of $639.47M. Price (as of market close on 01/17) at $2.29. Net insider shares purchased over the last six months at 165.0K, which is 0.06% of the company's 275.80M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.18). The stock is a short squeeze candidate, with a short float at 10.21% (equivalent to 6.78 days of average volume). The stock has had a couple of great days, gaining 7.55% over the last week.

19. Golden Star Resources, Ltd. (NYSEMKT:GSS): A gold mining and exploration company, through its subsidiaries, engages in the acquisition, exploration, development, and production of gold properties. Market cap of $442.24M. Price (as of market close on 01/17) at $1.71. Net insider shares purchased over the last six months at 150.0K, which is 0.06% of the company's 256.51M share float. The stock has lost 56.6% over the last year.

20. Synovus Financial Corp. (NYSE:SNV): A diversified financial services and bank holding company, provides commercial and retail banking, financial management, insurance, and mortgage services in Georgia, Alabama, South Carolina, Florida, and Tennessee. Market cap of $1.25B. Price (as of market close on 01/17) at $1.59. Net insider shares purchased over the last six months at 375.80K, which is 0.05% of the company's 774.17M share float. The stock is a short squeeze candidate, with a short float at 8.09% (equivalent to 8.12 days of average volume). The stock has had a good month, gaining 22.31%.

*Insider data sourced from Yahoo Finance, all other data sourced from Finviz.

Source: 20 Stocks Under $5 Being Snapped Up By Insiders