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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired a total of 1,276 shares of the company’s common stock on May 21, 2025. The shares were purchased at a consistent price of $2.70 each, amounting to a total investment of approximately $3,445. This insider purchase comes as RCG shows strong momentum, with a remarkable 70% return over the past year and an impressive YTD gain of 21%, according to InvestingPro data.
The transactions include 356 shares acquired directly by Mr. Stahl, while the remaining shares were purchased through various indirect accounts, including those associated with his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Following these acquisitions, Mr. Stahl’s direct ownership stands at 82,134 shares, with additional shares held indirectly. The company, currently valued at $18.76 million, maintains an attractive P/E ratio of 3.38 and boasts an excellent financial health score according to InvestingPro analysis.
It’s important to note that Mr. Stahl has disclaimed beneficial ownership of the shares held indirectly, except where he has a pecuniary interest. This series of transactions reflects Mr. Stahl’s ongoing investment in RENN Fund, Inc., demonstrating confidence in the company’s future prospects. For deeper insights into RCG’s valuation and comprehensive insider trading analysis, access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Richardson Wealth reported a notable financial performance for the fourth quarter of 2024, with a 12% year-over-year revenue increase, reaching $96.9 million. Fee revenue rose by 15%, and trading commissions saw a 20% increase, reflecting higher trading activity. The company also experienced an 80% jump in corporate finance revenue. Despite these gains, interest revenue decreased by 19% due to declining benchmark interest rates. Richardson Wealth aims to achieve $50 billion in assets under administration, focusing on enhancing advisor support and recruitment. The company has launched new business intelligence tools for advisors and is considering strategic acquisitions or partnerships for growth. Analyst firms have not issued any recent upgrades or downgrades for the company. Richardson Wealth’s CEO, Dave Kelly, emphasized the company’s strategic direction and the importance of financial planning, with insurance being a key outcome of client conversations.
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