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 regulatory filing. On April 30, 2025, Stahl purchased a total of 1,274 shares of RENN Fund’s common stock at a price of $2.54 per share. This acquisition amounts to a total investment of $3,235. The timing appears strategic, as RCG has demonstrated strong performance with a 62.5% return over the past year and currently trades at $2.58, slightly above Stahl’s purchase price. With a market capitalization of $18.1 million and a P/E ratio of 3.33, the company has maintained impressive revenue growth of approximately 30% over the last twelve months.InvestingPro analysis reveals additional insights about RCG’s financial health and growth potential, with several key metrics and tips available for subscribers.
The transactions were executed in various capacities, both directly and indirectly, through entities associated with Stahl, including his spouse and several corporations such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl holds a significant number of shares in different forms of ownership, underscoring his vested interest in the company’s performance.
In other recent news, Richardson Wealth reported a strong financial performance for the fourth quarter of 2024, with a 12% increase in revenue year-over-year, reaching $96.9 million. The company also saw significant growth in fee revenue, which increased by 15%, and trading commissions, which rose by 20%. Corporate finance revenue saw an impressive jump of 80%, although interest revenue declined by 19% due to falling benchmark interest rates. Richardson Wealth is targeting $50 billion in assets under administration (AUA), building on the $39.5 billion achieved at the end of 2024. The firm continues to focus on enhancing advisor support and recruitment, welcoming new teams managing $1.8 billion in AUA during 2024. The company is also prioritizing operational improvements and cost management as part of its growth strategy. Analysts have noted that the company is focusing on technology integration and advisor support to drive future growth. Additionally, Richardson Wealth’s CEO, Dave Kelly, emphasized the importance of financial planning and the firm’s commitment to becoming a leading independent choice in Canada.
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