China smartphone shipments slumped in June on inventory overhang: Jefferies
Murray Stahl, President and CEO of RENN Fund, Inc. (NYSEAMERICAN:RCG), recently acquired additional shares in the company. According to a recent SEC filing, Stahl purchased a total of 1,278 shares of common stock on May 27, 2025, at a price of $2.70 per share. The total value of these acquisitions amounts to $3,450. The stock has shown remarkable performance, delivering a 67% return over the past year, with the company maintaining a modest market capitalization of $19 million and an attractive P/E ratio of 3.4.
The transactions include shares acquired directly by Stahl and indirectly through various entities. After these transactions, Stahl holds 83,202 shares directly. Additionally, shares were acquired indirectly through entities such as Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and others. According to InvestingPro, RCG has demonstrated strong business fundamentals with revenue growth of 30% in the last twelve months.
These acquisitions highlight Stahl’s continued investment in RENN Fund, reflecting his commitment to the company. For more detailed analysis and additional insights, including 5 exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Richardson Wealth reported a notable financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. This growth was supported by a 15% rise in fee revenue and a 20% increase in trading commissions. Additionally, corporate finance revenue saw a significant jump of 80%, although interest revenue experienced a decline of 19% due to lower benchmark interest rates. The firm is focused on achieving $50 billion in assets under administration (AUA), highlighting its strategic initiatives to enhance advisor support and recruitment. The company also introduced new business intelligence tools for advisors, aiming to drive further growth and efficiency. Richardson Wealth’s leadership, under CEO Dave Kelly, emphasizes operational efficiency and the importance of financial planning as part of its strategic direction. The firm continues to explore strategic acquisitions or partnerships to bolster its growth trajectory. Despite some operational challenges, improvements are anticipated by spring, as the company remains committed to its growth strategy.
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