Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), has made several purchases of common stock, according to a recent SEC filing. On December 20, Stahl acquired a total of 1,164 shares at a price of $2.48 per share, amounting to a total investment of $2,886. The purchase comes as RCG shows strong momentum, with the stock up over 51% in the past six months and trading near its 52-week high of $2.85.
The transactions include direct ownership of 330 shares and indirect ownership through various entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. Additionally, 8 shares were acquired indirectly by his spouse. Following these transactions, Stahl's direct ownership stands at 46,774 shares, with further holdings across different indirect accounts. According to InvestingPro, RCG has demonstrated solid fundamentals with 21.5% revenue growth and maintains a FAIR financial health score, though investors should note that short-term obligations exceed liquid assets.
These acquisitions reflect Stahl's continued investment in RENN Fund, a Texas-incorporated company, as he maintains both direct and indirect stakes in the firm. For deeper insights into RCG's valuation and additional analysis, InvestingPro subscribers can access 4 more exclusive ProTips and comprehensive financial metrics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.