Renn Fund CEO Murray Stahl buys $3,049 in common stock

Murray Stahl, President and CEO of Renn Fund, Inc. (NYSE:RCG), has recently increased his holdings in the company by purchasing additional shares. According to a recent SEC filing, Stahl acquired a total of 1,276 shares of common stock on April 8, 2025. The shares were purchased at prices ranging from $2.37 to $2.39 per share, amounting to a total investment of $3,049. The purchase comes as RCG shows strong momentum, with InvestingPro data revealing a remarkable 50.75% return over the past year and revenue growth of nearly 30%.

The transactions were made across various accounts, with shares being acquired directly by Stahl as well as indirectly through entities such as Fromex Equity Corp, FRMO Corp, and Horizon Kinetics Asset Management LLC, among others. It's noteworthy that a portion of the shares were also acquired on behalf of Stahl's spouse.

Following these transactions, Stahl's direct ownership stands at 71,454 shares, while additional shares are held indirectly through various entities. The filing also notes that Stahl disclaims beneficial ownership of certain shares except to the extent of his pecuniary interest.

Investors might be interested in these developments as they reflect the CEO's continued confidence in the company's prospects.

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 a 15% rise in fee revenue and a significant 80% jump in corporate finance revenue. Trading commissions grew by 20%, although interest revenue declined by 19% due to falling benchmark interest rates. Richardson Wealth is targeting $50 billion in assets under administration, having reached $40 billion for the first time in its history. The firm is committed to enhancing advisor support and recruitment, as well as exploring strategic acquisitions or partnerships. In terms of leadership, Francis Barajan was announced as the new Chief Financial Officer, bringing experience from investment banks and the clean technology sector. Dave Kelly, President and CEO, emphasized the company's strategic focus on operational efficiency and advisor support. Analyst firms, including Cormark Securities and Acumen Capital, participated in discussions about the company's operational improvements and growth strategies.

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