The pattern suggests awareness of upcoming catalyst or undervaluation. Monitor for a Form 13D filing or corporate announcement within 2 weeks.
Price Chart
Executive Summary
Two insiders at RENN Fund, Inc. (RCG) made open-market purchases totaling ~$3K over a 7-day window ending June 5, 2026. Horizon Kinetics Asset Management (a 10% owner) made five daily buys of 756 shares each in a regular pattern, while insider Peter Doyle added two smaller buys. The dollar amount is trivial relative to the company's tiny market cap but represents a meaningful fraction of daily liquidity, and the cluster includes a repeat 10% buyer.
Key Financial Metrics
Key Facts
- Two insiders executed 7 open-market purchases totaling ~$10.2K over the window (including cross-filing trades: $2,132 + $816 + $2,079 + $1,100 + $2,079 + $2,049 = $10,255)
- Horizon Kinetics Asset Management, a 10% owner, bought 756 shares daily for 5 consecutive days at ~$2.71-$2.82/share
- Peter Doyle (Insider) bought 300 shares on June 4 and 400 shares on June 3
- 30-day insider activity total: 10 buys for $18K, indicating sustained insider buying momentum.
Financial Impact
Total purchases ~$10.3K over the primary cluster window, plus additional $7.7K from prior 30 days = $18K total insider buying. At current ~$2.80/share this is under 10% of a day's likely float.
Risk Factors
- Absolute dollar amounts are very small ($10K cluster) — the signal may be noise in a tiny, thinly traded micro-cap
- 10% owner's daily buy pattern could be a mechanical accumulation program, not escalating conviction
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RCG-1780934573599 |
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
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.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers