Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired additional shares of the company's common stock. According to a filing with the Securities and Exchange Commission, Stahl purchased a total of 1,194 shares of RENN Fund common stock on January 10, 2025. The shares were bought at a price of $2.47 each, amounting to a total investment of $2,949. The purchase comes as RCG shows strong momentum, with the stock delivering a 55% return over the past year and impressive 47% gains in the last six months, according to InvestingPro data.
The acquisitions were made through a combination of direct and indirect ownership. Directly, Stahl added 328 shares to his holdings, bringing his total direct ownership to 50,766 shares. Indirectly, shares were acquired through various entities, including his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. InvestingPro subscribers can access additional insights, including 6 key investment tips and detailed financial metrics for RCG.
These transactions reflect Mr. Stahl's ongoing investment in RENN Fund, Inc., as he continues to hold a significant stake in the company. The fund has demonstrated solid financial performance, with revenue growth of 21.5% in the last twelve months and a gross profit margin of 100%.
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