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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently purchased additional shares of the company's common stock. According to a filing with the Securities and Exchange Commission, Stahl acquired a total of 1,216 shares on January 24, 2025, at a price of $2.82 per share. This transaction amounts to a total value of approximately $3,429. The purchase comes as RCG trades near its 52-week high of $2.88, having delivered impressive returns of 76% over the past year and 26% year-to-date.
The acquisitions were made across several accounts, both directly and indirectly, including shares held by his spouse and various entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl's direct and indirect ownership in RENN Fund has increased, although he disclaims beneficial ownership of the shares held indirectly, except to the extent of his pecuniary interest.
These purchases reflect ongoing interest and investment in the company by its executive leadership, offering potential signals about the company's future prospects to investors and market observers.
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