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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 Form 4 filing, Stahl acquired a total of 1,276 shares on May 21, 2025, at a consistent price of $2.70 per share, slightly above the current trading price of $2.67. This acquisition represents a total investment of approximately $3,445. The purchase comes as RCG shows strong momentum, with a remarkable 70% return over the past year and a P/E ratio of 3.38. InvestingPro analysis reveals the company maintains a "GREAT" overall financial health score.
The transactions included both direct and indirect acquisitions. Stahl directly acquired 356 shares, while the remaining shares were acquired indirectly through various entities, 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.
Following these transactions, Stahl holds a significant number of shares both directly and indirectly, further solidifying his stake in the company. The filing notes that Stahl disclaims beneficial ownership of the shares held indirectly, except to the extent of his pecuniary interest.
In other recent news, Richardson Wealth reported robust financial results for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company experienced a notable rise in fee revenue by 15% and trading commissions by 20%, while corporate finance revenue surged by 80%. Despite a decline in interest revenue due to falling benchmark interest rates, the company remains focused on operational efficiency and growth. Richardson Wealth is targeting $50 billion in assets under administration (AUA) and plans to continue enhancing advisor support and recruitment efforts. CEO Dave Kelly emphasized the company’s strategic direction, highlighting the importance of operational improvements and advisor recruitment in their growth strategy. The company also launched new business intelligence tools to aid advisors, aiming to attract more assets and enhance client services. Looking forward, Richardson Wealth anticipates that interest revenue may be impacted by declining prime rates, but remains committed to maintaining its growth trajectory.
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