Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Murray Stahl, President and CEO of Renn Fund, Inc. (NYSE:RCG), recently acquired additional shares in the company. According to a filing with the Securities and Exchange Commission, Stahl purchased a total of 1,274 shares of common stock on April 4, 2025, at a price of $2.45 per share. This acquisition amounted to a total investment of approximately $3,121. The stock has shown impressive momentum, delivering a 50% return over the past year and maintaining strong revenue growth of 30% in the last twelve months.
The shares were acquired through various accounts, including direct ownership and several indirect holdings such as those associated with Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. It's noteworthy that Stahl disclaims beneficial ownership of the shares held in these indirect accounts, except to the extent of his pecuniary interest, if any.
Following these transactions, Stahl's direct ownership of Renn Fund shares stands at 70,742, while his indirect holdings are spread across multiple entities. This move signals continued confidence in Renn Fund's prospects, as Stahl reinforces his stake in the company.
In other recent news, Richardson Wealth reported a robust 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 20% increase in trading commissions, while corporate finance revenue surged by 80%. Despite a 19% decline in interest revenue due to lower benchmark interest rates, the company maintained a solid financial standing. Additionally, Richardson Wealth aims to achieve $50 billion in assets under administration, reflecting its growth ambitions. The firm has been focusing on operational improvements and cost management, as well as enhancing advisor support through new business intelligence tools. Analyst firms have noted the strategic direction of Richardson Wealth, with a focus on recruitment and potential strategic acquisitions or partnerships. The company also announced the appointment of Francis Barajan as the new Chief Financial Officer, bringing significant industry experience to the executive team. These developments underscore Richardson Wealth's commitment to strengthening its position in the independent wealth management sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.