Rentech, Inc. (NASDAQ:RTK) has made a 44.93% comeback from a 12-month low price of $0.3632. It was seen -2.54% lower, changing the price to $0.53, when the closing bell rang on Jul. 14, 2017. At recent session, the prices were hovering between $0.512 and $0.55. This company shares are 315.09% off its target price of $2.2 and the current market capitalization stands at $12.21M. The recent change has given its price a 17.23% lead over SMA 50 and -86.74% deficit over its 52-week high. The stock witnessed 25.33% gains, 30.78% gains and -74.93% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RTK’s volatility during a week at 12.21% and during a month it has been found around 13.28%.Rentech, Inc. (RTK) Top Holders
Institutional investors currently hold around $4 million or 36.8% in RTK stock. Look at its top three institutional owners. Raging Capital Management, Llc owns $2.36 million in Rentech, Inc., which represents roughly 19.31% of the company’s market cap and approximately 58.95% of the institutional ownership. Similar statistics are true for the second largest owner, Lone Star Value Management Llc, which owns 976,000 shares of the stock are valued at $527 thousand. The third largest holder is Renaissance Technologies Llc, which currently holds $383 thousand worth of this stock and that ownership represents nearly 3.14% of its market capitalization.Rentech, Inc. 13F Filings
At the end of March 2017 reporting period, 16 institutional holders increased their position in Rentech, Inc. (NASDAQ:RTK) by some 2,883,009 shares, 28 decreased positions by 6,118,300 and 18 held positions by -737,860. That puts total institutional holdings at 8,263,449 shares, according to SEC filings. The stock grabbed 6 new institutional investments totaling 322,216 shares while 15 institutional investors sold out their entire positions totaling 4,816,583 shares.Rentech, Inc. (NASDAQ:RTK) Insider Trades
Multiple company employees have indulged in significant insider trading. Rentech, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner MARTIN WILLIAM C has acquired 507,501 shares of Rentech, Inc. (RTK) in trading session dated Mar. 07, 2017. These shares are worth $390,776 and were traded at $0.77 each. The SEC filing shows that MARTIN WILLIAM C performed a purchase of 172,553 shares. The 10% Owner added these shares by way of transaction on Mar. 01, 2017. The company’s shares were assimilated at $0.76 per share worth to an investment of some $131,140 on account of MARTIN WILLIAM C.
Director, Rendino Kevin, purchased 50,000 common shares of Rentech, Inc. (RTK) in the open market. In a transaction dated May. 18, 2016, the shares were bought at an average price of $2.38, giving away a sum of $119,000. After this purchase, 50,000 common shares of RTK are directly owned by the insider, with total stake valued at $26,500.
In the transaction dated Aug. 20, 2015, the great number of shares acquired came courtesy the President, CEO; FORMAN KEITH B added a total of 300 shares at an average price of $60.4, amounting to approximately $18,120. The insider now directly owns 520 shares worth $276.