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 increased his stake in the company through a series of stock purchases. According to a recent SEC filing, Stahl acquired a total of 1,274 shares of RENN Fund’s common stock on April 2, 2025, at a consistent price of $2.63 per share, close to the current trading price of $2.55. The total value of these purchases amounts to approximately $3,350. The stock has shown remarkable performance, delivering a 53% return over the past year, according to InvestingPro data.
The acquisitions were made both directly and indirectly, with shares attributed to various entities including Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. It’s worth noting that Stahl disclaims beneficial ownership of the shares held indirectly, except to the extent of his pecuniary interest. With a Financial Health score of "FAIR" and profitable operations over the last twelve months, InvestingPro analysis reveals additional key insights available in the comprehensive Pro Research Report.
These transactions have increased Stahl’s direct and indirect holdings in the company, reflecting his ongoing commitment and confidence in RENN Fund’s prospects. The company has maintained strong momentum, with a YTD return of 10.8% and a relatively low beta of 0.78, indicating lower volatility compared to the broader market.
In other recent news, Richardson Wealth reported a robust financial performance for the fourth quarter of 2024, with a 12% increase in revenue year-over-year, reaching $96.9 million. Fee revenue rose by 15%, and trading commissions surged by 20%, reflecting heightened trading activity in client accounts. Additionally, corporate finance revenue jumped 80% due to higher structured note-related fees. The company continues to focus on operational improvements and cost management as part of its strategic growth initiatives. Richardson Wealth aims to achieve $50 billion in assets under administration, positioning itself as a competitive player in the independent wealth management sector. The firm has also launched new business intelligence tools for advisors, enhancing their ability to provide data-driven insights to clients. CEO Dave Kelly emphasized the importance of financial planning and the company’s commitment to becoming the best independent choice in Canada. Looking ahead, Richardson Wealth is exploring strategic acquisitions or partnerships to further drive growth.
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