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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently increased his holdings in the company through a series of stock purchases. The insider buying comes as RCG shows strong momentum, with InvestingPro data revealing a 63% return over the past year and an impressive 51% gain in the last six months. According to a Form 4 filing with the Securities and Exchange Commission, Stahl acquired a total of 1,246 shares of common stock on February 6, 2025. The shares were purchased at a consistent price of $2.67 each, amounting to a total investment of approximately $3,326. The purchase price represents a slight discount to the current trading price of $2.83, with InvestingPro analysis indicating FAIR financial health with additional insights available to subscribers.
The transactions included both direct and indirect acquisitions. Directly, Stahl added 328 shares to his personal holdings. Indirect acquisitions were made through various entities, including his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl’s direct ownership stands at 56,674 shares, while his indirect holdings, which he disclaims beneficial ownership of except to the extent of his pecuniary interest, are spread across several accounts.
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