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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired additional shares in the company. According to a recent SEC filing, Stahl purchased a total of 1,244 shares of RENN Fund common stock on February 7, 2025. The shares were acquired at a price of $2.68 each, resulting in a total transaction value of approximately $3,333. The purchase price sits near the upper end of RCG’s 52-week range of $1.52 to $2.88, with the stock showing remarkable strength, up over 63% in the past year according to InvestingPro data.
The transactions increased Stahl’s direct ownership to 57,002 shares, while indirect ownership through various entities and family members also saw adjustments. The purchases were spread across multiple accounts, including those held by his spouse and several corporate entities like Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and others associated with Horizon Kinetics. InvestingPro analysis shows RCG maintains a FAIR financial health rating, with particularly strong momentum evidenced by a 50% price gain over the past six months.
These acquisitions reflect Stahl’s continued investment in RENN Fund, further solidifying his position as a significant stakeholder in the company. For deeper insights into RCG’s valuation and additional analysis, InvestingPro subscribers can access 6 more exclusive ProTips and comprehensive financial metrics.
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