RCG RENN Fund, Inc.
Price Chart
Executive Summary
Two insiders at RENN Fund (RCG) made open-market purchases totaling ~$4K in the last week: Horizon Kinetics (10% owner) bought ~2,268 shares across three trades at $2.70–$2.89, and Peter Doyle bought 500 shares at $2.71. While the dollar amount is small (immaterial relative to the ~$8M market cap), the cluster of insider buying at similar prices suggests insiders see the current share price as attractive. Historical performance on RCG calls has been strong (100% win rate, +10.2% average T+20 return), and the actuarial cross-filing verdicts flag this cluster as amplified given concurrent insider-trade, earnings, and agreement contexts — but no such other filings are present, so the signal is purely organic buying.
Key Financial Metrics
Actionable Insight
The buying cluster is small in absolute terms but consistent in direction — all open-market purchases, no sales. Monitor for any upcoming catalyst (earnings, NAV update, portfolio disclosure) that may have prompted insider buying at these levels. Given the tiny market cap (~$8M), even modest buying can signal conviction from the 10% owner. No immediate trading catalyst is evident, so the time horizon is weeks to months.
Key Facts
- Two insiders made open-market purchases in a 7-day window (May 27 – June 1), totaling ~$4,200.
- Horizon Kinetics Asset Management (10% owner) purchased 756 shares on three separate days at increasing prices ($2.70 → $2.73 → $2.89).
- Peter Doyle purchased 500 shares at $2.71 on June 1.
- Total insider purchases represent roughly 0.05% of RCG's ~$8M market cap — a trivial amount by proportionality standards.
- No insider sales were reported in the same window; the cluster is purely buy-side.
- The historical accuracy of RCG calls in this model is 100% win rate at T+20 with +10.2% average return, but past performance does not guarantee future results.
Financial Impact
~$4.2K in insider open-market purchases; roughly 0.05% of market cap — trivial by dollar amount but notable as a multi-insider cluster of buying.
Risk Factors
- Insider buys at these levels are very small in dollar terms — liquidity-driven or routine portfolio adjustments cannot be ruled out.
- No 10b5-1 plan evidence was provided, but the small trade sizes are consistent with personal account rebalancing.
- RCG is a micro-cap closed-end fund with thin trading volume; liquidity risk could limit the ability to act on this signal.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RCG-1780418167201 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
today
|
Insider Cluster
| $2.80 awaiting T+1 | awaiting T+1 | — | $2.78 (−0.71%) |
|
Jun 4, 2026
1d ago
|
Insider Cluster
| $2.74 awaiting T+1 | awaiting T+1 | — | $2.78 (+1.65%) |
|
Jun 4, 2026
1d ago
|
Insider Cluster
| $2.75 awaiting T+1 | awaiting T+1 | — | $2.78 (+1.09%) |
|
Jun 3, 2026
2d ago
|
Insider Cluster
| $2.74 $2.79 | ▲ +1.64% | ▲ +1.24% | $2.78 (+1.46%) |
|
Jun 2, 2026
3d ago
|
Insider Cluster
| $2.75 $2.74 | ▼ −0.36% | ▲ +0.33% | $2.78 (+1.09%) |
|
May 8, 2026
27d ago
|
8-K
| $2.80 $2.82 | ▲ +0.71% | ▲ +0.85% | $2.78 (−0.71%) |
|
Apr 28, 2026
5w ago
|
8-K
| — | awaiting T+1 | — | — |
|
Mar 4, 2026
13w ago
|
Insider Cluster
| $2.94 $2.93 | ▼ −0.34% | ▲ +0.23% | $2.78 (−5.44%) |
|
Mar 4, 2026
13w ago
|
Insider Cluster
| $2.94 $2.93 | ▼ −0.34% | ▲ +0.23% | $2.78 (−5.44%) |
|
Mar 4, 2026
13w ago
|
Insider Cluster
| $2.94 $2.93 | ▼ −0.34% | ▲ +0.23% | $2.78 (−5.44%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access