Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
NEW YORK—Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), reported a series of transactions involving the acquisition of common stock, according to an SEC filing dated May 20, 2025. The total value of these transactions amounted to $3,450, with shares acquired at a consistent price of $2.70 each. The micro-cap fund, currently valued at $18.59 million, has delivered impressive returns with a 64% gain over the past year and an 18% rise year-to-date, according to InvestingPro data.
Stahl’s acquisitions included a direct purchase of 356 shares, enhancing his direct holdings to 81,778 shares. Additionally, indirect acquisitions were made through various entities, including 14 shares attributed to his spouse, 180 shares through Fromex Equity Corp, 180 shares through FRMO Corp, 276 shares through Horizon Common Inc., 18 shares through Horizon Kinetics Hard Assets LLC, and 254 shares through Horizon Kinetics Asset Management LLC. Trading at a P/E ratio of 3.42, RENN Fund shows notably attractive valuation metrics. For deeper insights and additional analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.
These transactions reflect Stahl’s continued investment in RENN Fund, with the indirect holdings managed across multiple entities. It’s noted that Stahl disclaims beneficial ownership of the indirectly held shares except for his pecuniary interest.
In other recent news, Richardson Wealth reported a strong financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. This growth was driven by a 15% rise in fee revenue and a notable 20% increase in trading commissions. Additionally, corporate finance revenue saw a significant jump of 80%. The company is targeting $50 billion in assets under administration (AUA) as part of its strategic growth plan. Richardson Wealth is focusing on enhancing advisor support and recruitment, with a robust pipeline of advisors expected to join. The company has introduced new business intelligence tools for advisors to aid in this growth. Despite the positive financial results, interest revenue decreased by 19% due to declining benchmark interest rates. Looking ahead, Richardson Wealth plans to maintain operational efficiency and explore potential strategic acquisitions or partnerships.
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