Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has made several acquisitions of the company’s common stock, according to a recent SEC filing. On February 21, 2025, Stahl purchased a total of 1,304 shares at a consistent price of $2.76 per share, amounting to a total transaction value of $3,599. The purchase comes as RCG shows strong momentum, with the stock up over 70% in the past year and trading near its 52-week high of $2.88.
The acquisitions were made both directly and indirectly through various entities associated with Stahl. Notably, 328 shares were acquired directly, while the remaining shares were purchased through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. The transactions also included shares acquired indirectly for his spouse and Horizon Kinetics Hard Assets LLC. The company has demonstrated solid fundamentals, with revenue growth of 21.5% and earnings per share of $0.16. For deeper insights into insider trading patterns and comprehensive financial analysis, consider subscribing to InvestingPro.
These purchases reflect Stahl’s continued investment in RENN Fund, with his direct ownership now totaling 60,146 shares, as noted in the filing.
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