Why William C. Martin’s Raging Capital Management Reported Rentech, Inc Position?

December 9, 2017 - By Dolores Ford

 Why William C. Martin's Raging Capital Management Reported Rentech, Inc Position?

The New William C. Martin’s Raging Capital Management Holding in Rentech, Inc

Raging Capital Management reported SC 13D/A form with the SEC for Rentech, Inc. Access it here: 000092189517002825. As reported by William C. Martin’s Raging Capital Management, the filler owns 8.6% or 2,003,059 shares of the Energy–company.

Rentech, Inc stake is new for [reportingPerson]. Date of activity: December 6, 2017. This shows William C. Martin’s Raging Capital Management’s positive view for Rentech, Inc. For a hedge fund managing $631.31 million in assets and having 7+ experts this is interesting position.

The hedge fund is investor in the Energy sector. In the manager’s last 13-F, we saw 9% of William C. Martin’s Raging Capital Management’s portfolio is in the sector.

Business Profile

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. The Company operates a wood fiber processing business. The Company’s segments include Fulghum Fibres, which involves the operations of Fulghum; Wood Pellets: Industrial, which includes its facilities and wood pellet development activities, and Wood Pellets: New England Wood Pellet, LLC (NEWP), which involves in the operations of NEWP and produces wood pellets for the residential and commercial heating markets in the United States, and it also includes Allegheny Pellet Corporation’s (Allegheny’s) operations.

SEC Form 13D.

William C. Martin’s Raging Capital Management website.

It closed at $0.2 lastly. It is up 81.43% since December 9, 2016 and is downtrending. It has underperformed by 98.13% the S&P500.

Rentech, Inc., through its subsidiaries, operates as a wood fiber processing firm in the United States, Canada, and internationally. The company has market cap of $4.64 million. It offers contract wood handling, chipping, and yard activities services; produces and sells wood chips to the pulp, paper, and packaging industry; produces wood pellets for the utility and industrial power generation, and the residential and commercial heating markets; processes and sells biomass fuel to industrial heat and utility customers; owns and manages forestland; and buys and trades wood chips, as well as sells bark to industrial consumers. It currently has negative earnings.

More notable recent Rentech, Inc. (NASDAQ:RTK) news were published by: Seekingalpha.com which released: “A Follow-Up On Rentech” on March 17, 2017, also Businesswire.com with their article: “Rentech Announces Results for Third Quarter 2017” published on November 09, 2017, Businesswire.com published: “Rentech, Inc. Announces Management Change” on December 10, 2014. More interesting news about Rentech, Inc. (NASDAQ:RTK) were released by: Businesswire.com and their article: “Rentech Idles Wawa Facility; Exploring Strategic Alternatives” published on February 21, 2017 as well as Businesswire.com‘s news article titled: “Rentech to Voluntary Delist Common Shares from Nasdaq; Shares to Trade on OTCQB” with publication date: October 10, 2017.

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