RCG RENN Fund, Inc.
Price Chart
Executive Summary
Two insiders at RENN Fund, Inc. (RCG) made open-market purchases totaling $3K over a 7-day window, with a 10% owner (Horizon Kinetics) buying in a regular pattern of 756-share lots and insider Peter Doyle also participating. The dollar amount is trivial relative to the company's market cap, but the cluster of buys—especially by a 10% owner—is a modest positive signal, amplified by the company's strong historical win rate on prior reports.
Key Financial Metrics
Actionable Insight
The consistent pattern of small open-market purchases by a 10% owner and an insider suggests confidence in the company's prospects at current prices. While the dollar amounts are too small to move the stock directly, the cluster of buys—especially given the strong historical performance of prior bullish calls on this ticker—warrants monitoring for upcoming catalysts (e.g., earnings, NAV disclosure).
Key Facts
- Two insiders made open-market purchases totaling ~$3K from May 29 to June 3, 2026.
- Horizon Kinetics Asset Management LLC (10% owner) bought 756 shares in four separate transactions at $2.71-$2.89.
- Peter Doyle (insider) bought 900 shares total at $2.71-$2.75.
- The total purchase value of $3K is less than 0.1% of the company's market cap, making it a trivial amount.
- The 30-day insider activity shows 8 buys totaling $15K, indicating sustained insider buying.
- Historical reports on RCG show a 100% win rate at T+20 with an average alpha of +14.62% vs SPY.
Financial Impact
Total insider purchases of $3K in this cluster, plus $15K over the last 30 days, represent a tiny fraction of market cap.
Risk Factors
- The purchase amounts are trivial relative to market cap, limiting the signal's materiality.
- The regular pattern of 756-share purchases by Horizon Kinetics may be part of a systematic accumulation plan, not a reaction to specific news.
- The company is a closed-end fund; insider buying may reflect NAV discount narrowing rather than operational improvement.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RCG-1780602796196 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
2d ago
|
Insider Cluster
| $2.75 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.18%) |
|
Jun 11, 2026
3d ago
|
Insider Cluster
| $2.75 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.18%) |
|
Jun 9, 2026
5d ago
|
Insider Cluster
| $2.74 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.55%) |
|
Jun 8, 2026
6d ago
|
Insider Cluster
| $2.74 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.55%) |
|
Jun 5, 2026
9d ago
|
Insider Cluster
| $2.74 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.55%) |
|
Jun 4, 2026
10d ago
|
Insider Cluster
| $2.79 $2.78 | ▼ −0.36% | ▲ +2.24% | $2.75 (−1.43%) |
|
Jun 4, 2026
10d ago
|
Insider Cluster
| $2.79 $2.78 | ▼ −0.36% | ▲ +2.22% | $2.75 (−1.43%) |
|
Jun 3, 2026
11d ago
|
Insider Cluster
| $2.74 $2.79 | ▲ +1.64% | ▲ +1.24% | $2.75 (+0.36%) |
|
Jun 2, 2026
12d ago
|
Insider Cluster
| $2.75 $2.74 | ▼ −0.36% | ▲ +0.33% | $2.75 (0.00%) |
|
May 8, 2026
5w ago
|
8-K
| $2.80 $2.82 | ▲ +0.71% | ▲ +0.85% | $2.75 (−1.79%) |
US Market Status
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