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 increased his stake in the company through a series of stock purchases. The timing is notable, as InvestingPro data shows RCG has delivered an impressive 61.2% return over the past year, with shares currently trading at $2.65. According to a recent SEC filing, Stahl acquired a total of 1,274 shares of RENN Fund common stock on May 9, 2025, at a price of $2.69 per share. The transactions amounted to a total value of $3,427.
The acquisitions included direct ownership of 356 shares, while the remaining shares were acquired indirectly through various 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. The $18.63 million market cap company trades at an attractive P/E ratio of 3.36, according to InvestingPro metrics.
Following these transactions, Stahl’s direct ownership stands at 79,286 shares, with additional shares held indirectly through the aforementioned entities. The report notes that Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest. For deeper insights into RCG’s insider trading patterns and comprehensive analysis, including additional ProTips and detailed valuation metrics, visit InvestingPro.
In other recent news, Richardson Wealth reported a robust financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company saw a 15% rise in fee revenue and a significant 20% increase in trading commissions, driven by heightened trading activity in client accounts. Notably, corporate finance revenue jumped 80%, although interest revenue experienced a 19% decline due to falling benchmark interest rates. Richardson Wealth is targeting $50 billion in assets under administration (AUA) and plans to continue enhancing advisor support and recruitment. The firm is also exploring strategic acquisitions or partnerships as potential avenues for growth. Dave Kelly, CEO of Richardson Wealth, emphasized the company’s strategic direction, noting its ambition to become a leading independent wealth management firm in Canada. The company has launched new business intelligence tools for advisors, which are expected to drive future growth. Looking ahead, Richardson Wealth remains committed to operational efficiency and aims to address service level challenges by spring 2025.
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