Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has recently increased his holdings in the company through a series of transactions. According to a recent SEC filing, Stahl acquired a total of 1,160 shares of RENN Fund common stock at a price of $2.73 per share, near the stock's 52-week high of $2.85. This acquisition amounts to a total value of approximately $3,166. The timing appears strategic, as RCG has delivered impressive returns with a YTD gain of ~61%.
The transactions, dated December 6, 2024, reflect both direct and indirect ownership interests. Following these acquisitions, Stahl now holds 43,222 shares directly, with additional shares held indirectly through various entities, including Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC.
Stahl's latest stock purchases highlight his ongoing commitment to RENN Fund, Inc., further aligning his interests with those of the company's shareholders.
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