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 made several acquisitions of the company’s common stock. According to the latest SEC filing, Stahl purchased a total of 1,278 shares on May 29, 2025, at a consistent price of $2.70 per share, amounting to a total transaction value of $3,450. The purchase price sits close to the current trading price of $2.65, with the stock showing remarkable strength, delivering a 66% return over the past year. According to InvestingPro, the fund maintains a "GREAT" financial health score of 3.44.
The acquisitions were spread across different ownership entities, including direct ownership and indirect holdings through various corporations and a family member. This filing highlights Stahl’s continued investment in RENN Fund, expanding his stake across multiple accounts. With a market capitalization of $18.29 million and a P/E ratio of 3.3, the fund appears attractively valued. InvestingPro subscribers can access additional insights, including more ProTips and a comprehensive analysis of the fund’s valuation metrics.
In other recent news, Richardson Wealth reported a robust financial performance for the fourth quarter of 2024, with a 12% year-over-year increase in revenue, reaching $96.9 million. The company also saw a 15% rise in fee revenue and a significant 80% jump in corporate finance revenue. The firm is focused on achieving $50 billion in assets under administration, with strategic efforts in operational efficiency and advisor recruitment. Despite challenges from declining prime rates impacting interest revenue, Richardson Wealth remains committed to maintaining its operational goals. The company has introduced new business intelligence tools to support advisors, aiming to enhance their practices. Furthermore, RF Capital has announced the appointment of Francis Barajan as the new Chief Financial Officer. Analyst feedback from firms like Cormark Securities highlights ongoing efforts to improve service levels for advisors, with expectations for continued progress into 2025.
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