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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently increased his holdings in the company’s common stock. According to a filing with the Securities and Exchange Commission, Stahl acquired a total of 1,276 shares on February 27, 2025, at a price of $2.70 per share, amounting to a total purchase value of $3,445.
The transactions include direct acquisitions as well as those made indirectly through various entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. Following these transactions, Stahl’s direct ownership stands at 61,486 shares, while indirect holdings are spread across different accounts. The company has demonstrated solid fundamentals with 22% revenue growth and maintains a relatively low market volatility with a beta of 0.74, as reported by InvestingPro, which offers comprehensive analysis through its Pro Research Reports covering 1,400+ US equities.
These acquisitions reflect continued confidence in the company, as Stahl also holds a significant role as a director and a ten percent owner, suggesting a vested interest in the company’s future performance. The company currently maintains a FAIR Financial Health Score of 2.2 according to InvestingPro’s comprehensive evaluation system.
In other recent news, Richardson Wealth reported a 12% increase in revenue for the fourth quarter of 2024, reaching $96.9 million, compared to the same period in the previous year. The company also saw a 15% rise in fee revenue and a 20% increase in trading commissions, while corporate finance revenue surged by 80%. Despite these gains, interest revenue declined by 19% due to a decrease in benchmark interest rates. The firm is targeting $50 billion in assets under administration (AUA) and continues to enhance advisor support and recruitment efforts. Analysts from Cormark Securities and Acumen Capital have shown interest in Richardson Wealth’s operational improvements and recruitment strategies. The company has been actively working on middle office excellence and has launched new business intelligence tools for advisors. These developments reflect Richardson Wealth’s strategic focus on growth and innovation in the independent wealth management sector.
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