Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In a recent transaction, Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), acquired a total of $3,450 worth of common stock in the company. The transactions, which took place on May 28, 2025, involved the purchase of 1,278 shares at a consistent price of $2.70 per share, slightly above the current trading price of $2.66. The micro-cap fund, with a market capitalization of $18.66 million, has demonstrated strong performance with a 67% return over the past year.
The acquisitions were made through various accounts, both directly and indirectly. Stahl now holds 83,558 shares directly. Additionally, shares were acquired through indirect ownership via entities such as Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, among others. It’s noted that Stahl disclaims beneficial ownership of these indirectly held shares except for his pecuniary interest. With a P/E ratio of 3.37 and an 18.83% year-to-date return, the fund shows promising metrics.
These transactions highlight the continued investment and confidence of the executive in RENN Fund’s prospects. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed financial health scores and additional ProTips about RCG’s performance and valuation metrics.
In other recent news, Richardson Wealth reported a strong financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company also saw notable growth in fee revenue, which rose by 15%, and trading commissions, which increased by 20%. Corporate finance revenue experienced a significant jump of 80%. The firm is focusing on achieving $50 billion in assets under administration (AUA) and has launched new business intelligence tools to support advisors in this endeavor. Operational improvements and cost management remain key priorities for the company.
Richardson Wealth’s strategic direction includes enhancing advisor support and recruitment, as well as exploring potential acquisitions or partnerships to drive growth. The company has successfully recruited teams managing $1.8 billion in AUA in 2024 and maintains a robust pipeline of advisors. Looking ahead, the firm anticipates that interest revenue may be impacted by declining prime rates. However, they remain committed to maintaining operational efficiency. Dave Kelly, CEO of Richardson Wealth, emphasized the importance of financial planning and the firm’s commitment to becoming a leading independent wealth management choice in Canada.
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