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), recently purchased a total of 1,274 shares of the company’s common stock, valued at approximately $3,388. The acquisitions were made at a consistent price of $2.66 per share on March 26, 2025, according to a recent SEC filing. The purchase comes as RCG shows strong momentum, with the stock up nearly 63% over the past year and trading near its 52-week high of $2.88. InvestingPro analysis indicates the company maintains a FAIR financial health score.
The transactions were spread across various indirect ownership accounts, including those associated with entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. Additionally, a small portion of shares was acquired directly by Stahl and through his spouse.
Following these transactions, Stahl’s direct ownership stands at 68,250 shares. The filing also notes that Stahl disclaims beneficial ownership for the shares held indirectly, except where he has a pecuniary interest.
In other recent news, Richardson Wealth reported a 12% year-over-year increase in revenue for the fourth quarter of 2024, reaching $96.9 million. The company also saw a 15% rise in fee revenue and a notable 20% increase in trading commissions. Corporate finance revenue surged by 80%, reflecting robust performance in structured note-related fees, although interest revenue fell by 19% due to declining benchmark interest rates. Looking ahead, Richardson Wealth aims to achieve $50 billion in assets under administration (AUA), with a focus on enhancing advisor support and recruitment. The company also plans to explore strategic acquisitions or partnerships as potential avenues for growth. In terms of leadership changes, Francis Barajan has been appointed as the new Chief Financial Officer. The company continues to prioritize operational improvements and cost management to maintain efficiency.
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