Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has recently acquired additional shares of the company's common stock. According to a recent SEC filing, Stahl purchased a total of 1,194 shares on December 31, 2024, at a price of $2.34 per share. This acquisition amounts to a total investment of $2,793. The purchase comes as the stock trades near $2.27, having gained over 30% in the past six months despite a recent 9% weekly decline, according to InvestingPro data.
The transactions involved both direct and indirect ownership, with shares acquired through various entities including Horizon Kinetics Asset Management LLC and Horizon Common Inc. Notably, a portion of the shares is held indirectly through entities such as Horizon Kinetics Hard Assets LLC and Fromex Equity Corp, with Stahl disclaiming beneficial ownership except to the extent of his pecuniary interest.
Following these transactions, Stahl's direct ownership stands at 48,798 shares, while additional shares are held indirectly through various entities. This move reflects continued confidence in the company's prospects by its top executive. InvestingPro analysis shows RCG maintains profitability with a 100% gross margin, though investors should note its current ratio of 0.16 indicates tight liquidity. Get access to 5 additional InvestingPro Tips and comprehensive financial metrics to better evaluate this insider purchase.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.