Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently increased his holdings in the company through a series of stock purchases. According to the latest SEC filing, Stahl acquired a total of 1,160 shares of RENN Fund's common stock on December 9, 2024, at a price of $2.68 per share, near its 52-week high of $2.85. The total value of these transactions amounts to $3,108. InvestingPro data shows the stock has delivered an impressive 56% return over the past year, with particularly strong momentum in recent months.
The transactions involved both direct and indirect ownership, with shares acquired through various entities associated with Stahl, including his spouse and several corporations such as Fromex Equity Corp and Horizon Kinetics Hard Assets LLC. Following these transactions, Stahl's direct ownership stands at 43,576 shares, while his indirect holdings are spread across multiple accounts.
Stahl's increased stake in RENN Fund reflects his ongoing involvement and interest in the company's performance and future prospects.
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