Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently purchased a total of 1,158 shares of the company's common stock. The transactions, which occurred on December 11, 2024, were executed at a price of $2.63 per share, amounting to a total investment of approximately $3,045. The purchase comes as RCG shows strong momentum, with InvestingPro data revealing a remarkable 56% return over the past year and nearly 48% gain in the last six months.
The shares were acquired both directly and indirectly through various entities associated with Mr. Stahl, including personal accounts and corporate entities such as FRMO Corp and Horizon Kinetics Asset Management LLC. Following these transactions, Mr. Stahl holds a direct ownership of 44,284 shares, while additional shares are held indirectly through related entities. According to InvestingPro, the company maintains profitability with a 100% gross margin and receives a FAIR overall financial health rating. Get access to additional insights and 6 more exclusive ProTips by subscribing to InvestingPro.
These acquisitions reflect Mr. Stahl's continued investment in RENN Fund, as he maintains both direct and indirect stakes in the company.
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