Insider Cluster (2 insiders) ·Filed Jun 9, 2026
Insider cluster: 2 insiders, $3K total
Actionable Insight • Neutral
The insider buying is too small in dollar terms to signal material conviction. Monitor for larger purchases or a catalyst (e.g., NAV disclosure, asset sale) that would justify a higher conviction read.
Latest settled — T+20d ⚠ clustered
RCG ▲ +8.55% at T+20d
NEUTRAL call +8.55% · α vs SPY +7.10% · entry $2.75 → $2.99
T+1d
-0.36%
call -0.36% · α +1.22%
$2.74
settled 5mo ago
T+5d
+2.25%
call +2.25% · α -0.16%
$2.81
settled 4mo ago
T+20d
+8.55%
call +8.55% · α +7.10%
$2.99
settled 4mo ago
T+60d
Pending
due 8w ago
Price Chart
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Executive Summary
Two insiders at RENN Fund, Inc. (RCG) made open-market purchases totaling ~$10.3K over a 7-day window, with Horizon Kinetics Asset Management (a 10% owner) making four small buys and director Peter Doyle making two buys.
Key Financial Metrics
Direction
buying
Total Value
$10.3K
Insiders
2
Key Facts
- Two insiders (10% owner Horizon Kinetics Asset Management and director Peter Doyle) made open-market purchases totaling ~$10.3K
- Horizon Kinetics made four purchases of 756 shares each at prices between $2.75-$2.82, totaling ~$8.4K
- Peter Doyle made two purchases totaling 700 shares at $2.72-$2.75, totaling ~$1.9K
- Total cluster value of ~$10.3K is trivial relative to RCG's market cap (estimated ~$5M based on ~1.8M shares outstanding at ~$2.75)
- No 10b5-1 plans or vesting-driven patterns detected — all transactions are open-market buys
Financial Impact
~$10.3K in insider purchases, representing ~0.2% of estimated market cap
insider ownership
Risk Factors
- Small absolute dollar amount limits signal strength
- No identifiable catalyst in the filing to explain the buying
- RCG is a closed-end fund with low liquidity — small trades can have outsized price impact
Market Snapshot
Exchange
NYSE
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-RCG-1781016593343 |
18 reports for RCG
100% Hit rate @ T+20 Went positive at some point 9 of 9 best @ T+20▲ +10.84%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 9w ago | 8-K | $2.85 $3.02 | ▲ +6.00% | ▲ +6.00% | $2.66 (−6.70%) |
Jun 12, 2026 19w ago | Insider Cluster | $2.75 $3.02 | ▲ +10.02% | ▲ +8.24% | $2.66 (−3.10%) |
Jun 11, 2026 19w ago | Insider Cluster | $2.75 $2.96 | ▲ +7.64% | ▲ +5.75% | $2.66 (−3.27%) |
Jun 9, 2026 20w ago | Insider Cluster | $2.75 $2.99 | ▲ +8.55% | ▲ +7.10% | $2.66 (−3.27%) |
Jun 8, 2026 20w ago | Insider Cluster | $2.76 $3.01 | ▲ +9.06% | ▲ +7.43% | $2.66 (−3.62%) |
Jun 5, 2026 20w ago | Insider Cluster | $2.78 $3.01 | ▲ +8.27% | ▲ +6.41% | $2.66 (−4.32%) |
Jun 4, 2026 20w ago | Insider Cluster | $2.79 $3.01 | ▲ +7.89% | ▲ +9.26% | $2.66 (−4.66%) |
Jun 4, 2026 20w ago | Insider Cluster | $2.79 $3.01 | ▲ +7.89% | ▲ +9.26% | $2.66 (−4.66%) |
Jun 3, 2026 20w ago | Insider Cluster | $2.74 $3.01 | ▲ +9.85% | ▲ +10.85% | $2.66 (−2.92%) |
Jun 2, 2026 21w ago | Insider Cluster | $2.75 $3.05 | ▲ +10.84% | ▲ +12.40% | $2.66 (−3.27%) |
Showing 10 of 18
US Market Status
Market Closed — Opens Wed (16h 32m)
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