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 Horizon Kinetics Asset Management LLC (a 10% owner) buying in a regular daily pattern of 756 shares and Peter Doyle making two smaller purchases. The total dollar value is trivial relative to the company's market cap, but the cluster of buys—especially by a major holder—is a modestly positive signal. Historical performance on prior RCG reports shows strong T+20 returns, and the cross-filing actuarial verdicts flag this cluster as an amplifier, suggesting insider buying here has been predictive.
Key Financial Metrics
Actionable Insight
The consistent daily buying by a 10% owner at a fixed share count suggests a programmed accumulation, not a one-off signal. Combined with the strong historical T+20 performance on RCG insider clusters, this pattern is worth monitoring for a potential catalyst (e.g., NAV discount narrowing, tender offer, or asset sale). A position could be considered with a stop below $2.60.
Key Facts
- Two insiders made open-market purchases totaling ~$3K over a 7-day window (May 28–June 4, 2026).
- Horizon Kinetics Asset Management LLC (10% owner) bought 756 shares daily at ~$2.71–$2.75, totaling ~$8.3K across 4 trades.
- Peter Doyle (insider) bought 400 shares at $2.75 and 500 shares at $2.71, totaling ~$2.5K.
- Total insider purchases in the last 30 days: 9 buys totaling $17K.
- Cross-filing actuarial verdicts flag this cluster as an amplifier, consistent with prior RCG reports showing 100% win rate at T+20.
Financial Impact
~$3K in open-market purchases over 7 days; ~$17K over 30 days. Trivial relative to market cap.
Risk Factors
- Total dollar value is very small (~$3K), limiting the signal's materiality.
- The regular pattern of Horizon Kinetics' purchases may be a routine accumulation plan, not an informational signal.
- RCG is a closed-end fund; insider buying may reflect NAV discount arbitrage 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-1780681298988 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
Insider Cluster
| $2.75 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.18%) |
|
Jun 11, 2026
1d ago
|
Insider Cluster
| $2.75 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.18%) |
|
Jun 9, 2026
3d ago
|
Insider Cluster
| $2.74 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.55%) |
|
Jun 8, 2026
4d ago
|
Insider Cluster
| $2.74 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.55%) |
|
Jun 5, 2026
7d ago
|
Insider Cluster
| $2.74 awaiting T+1 | awaiting T+1 | — | $2.75 (+0.55%) |
|
Jun 4, 2026
8d ago
|
Insider Cluster
| $2.79 $2.78 | ▼ −0.36% | ▲ +2.24% | $2.75 (−1.43%) |
|
Jun 4, 2026
8d ago
|
Insider Cluster
| $2.79 $2.78 | ▼ −0.36% | ▲ +2.22% | $2.75 (−1.43%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $2.74 $2.79 | ▲ +1.64% | ▲ +1.24% | $2.75 (+0.36%) |
|
Jun 2, 2026
10d 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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