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.
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.
Key Financial Metrics
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.
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 | ||||
|---|---|---|---|---|---|
Aug 19, 2026 9w ago | 8-K | $2.85 $3.02 | ▲ +6.00% | ▲ +6.00% | $2.69 (−5.65%) |
Jun 12, 2026 19w ago | Insider Cluster | $2.75 $3.02 | ▲ +10.02% | ▲ +8.24% | $2.69 (−2.00%) |
Jun 11, 2026 19w ago | Insider Cluster | $2.75 $2.96 | ▲ +7.64% | ▲ +5.75% | $2.69 (−2.18%) |
Jun 9, 2026 19w ago | Insider Cluster | $2.75 $2.99 | ▲ +8.55% | ▲ +7.10% | $2.69 (−2.18%) |
Jun 8, 2026 20w ago | Insider Cluster | $2.76 $3.01 | ▲ +9.06% | ▲ +7.43% | $2.69 (−2.54%) |
Jun 5, 2026 20w ago | Insider Cluster | $2.78 $3.01 | ▲ +8.27% | ▲ +6.41% | $2.69 (−3.24%) |
Jun 4, 2026 20w ago | Insider Cluster | $2.79 $3.01 | ▲ +7.89% | ▲ +9.26% | $2.69 (−3.58%) |
Jun 4, 2026 20w ago | Insider Cluster | $2.79 $3.01 | ▲ +7.89% | ▲ +9.26% | $2.69 (−3.58%) |
Jun 3, 2026 20w ago | Insider Cluster | $2.74 $3.01 | ▲ +9.85% | ▲ +10.85% | $2.69 (−1.82%) |
Jun 2, 2026 20w ago | Insider Cluster | $2.75 $3.05 | ▲ +10.84% | ▲ +12.40% | $2.69 (−2.18%) |
US Market Status
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