Rentech, Inc. (RTK) Major Shareholder Sells $264,731.00 in Stock
Rentech, Inc. (NASDAQ:RTK) major shareholder William C. Martin sold 1,058,924 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $0.25, for a total value of $264,731.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Rentech (NASDAQ:RTK) last released its earnings results on Thursday, August 10th. The energy company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.15). Rentech had a negative return on equity of 33.77% and a negative net margin of 140.19%. The business had revenue of $24.74 million for the quarter.
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A hedge fund recently raised its stake in Rentech stock. Raging Capital Management LLC boosted its holdings in shares of Rentech, Inc. (NASDAQ:RTK) by 119.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,366,781 shares of the energy company’s stock after purchasing an additional 2,373,525 shares during the period. Raging Capital Management LLC owned about 18.82% of Rentech worth $2,183,000 at the end of the most recent quarter. 29.36% of the stock is owned by institutional investors.
Rentech, Inc is a provider of wood fiber processing services, wood chips and wood pellets. The Company’s processing business includes Fulghum Fibres, Inc (Fulghum), which operates approximately 30 wood chipping mills in the United States and South America. The Company provides wood yard operations services.
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