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.
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.