Murray Stahl, president of RENN Fund, buys $2948 in shares

Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), has recently purchased shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Stahl acquired a total of 1134 shares at a price of $2.60 per share, amounting to a total investment of $2948 on October 21, 2025. The company, currently valued at $18.31 million, has shown strong performance with a 15.7% return year-to-date and trades at an attractive P/E ratio of 4.98, according to InvestingPro data.

The transactions involved several entities. Stahl directly purchased 360 shares. Indirect purchases were also made through Stahl’s spouse (18 shares), Fromex Equity Corp (180 shares), FRMO Corp (180 shares), Horizon Common Inc. (296 shares), Horizon Kinetics Hard Assets LLC (18 shares), and Horizon Kinetics Asset Management LLC (82 shares). InvestingPro analysis shows the company maintains strong liquidity with assets exceeding short-term obligations and has remained profitable over the last twelve months.

Following these transactions, Stahl directly holds 119,654 shares. He also has indirect ownership through various entities. For deeper insights into insider trading patterns and comprehensive financial analysis, explore the full RCG research report available on InvestingPro.

In other recent news, iA Financial Corporation Inc. has announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction aims to bolster iA Financial’s standing in the Canadian independent wealth management sector. The acquisition values RF Capital’s common shares at $20.00 each, offering a premium of about 107% compared to RF Capital’s closing price on July 25. The deal comprises $370 million for RF Capital’s fully diluted equity and an additional $227 million to cover financial obligations. These developments reflect iA Financial’s strategic move to expand its market presence.

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