Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Murray Stahl, President and CEO of RENN Fund, Inc. (NYSEAMERICAN:RCG), recently acquired additional shares of the company’s common stock. According to a recent SEC filing, Stahl purchased a total of 1,274 shares on March 21, 2025, at a price of $2.75 per share, near the stock’s 52-week high of $2.88. This acquisition amounts to a total investment of approximately $3,503. InvestingPro data shows the stock has delivered a 45% return over the past year, despite recent volatility.
The transactions included direct ownership of 356 shares, while the remaining shares were acquired indirectly through entities associated with Stahl, such as his spouse and various corporations including Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl’s direct ownership stands at 67,182 shares, with additional shares held indirectly through the aforementioned entities. According to InvestingPro, the company maintains profitability with a 100% gross margin, though current ratio stands at 0.65. For deeper insights into RCG’s financial health and valuation metrics, access the comprehensive Pro Research Report available on InvestingPro.
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. The company saw a 15% rise in fee revenue and a 20% increase in trading commissions, while corporate finance revenue jumped by 80%. Despite these gains, interest revenue decreased by 19% due to declining benchmark interest rates. The firm continues to focus on operational efficiency and aims to reach $50 billion in assets under administration. Analysts from Cormark Securities and Acumen Capital engaged with Richardson Wealth’s leadership, discussing the company’s strategic direction and operational improvements. The company’s CEO, Dave Kelly, emphasized efforts to enhance advisor support and recruitment. Richardson Wealth also highlighted its recent launch of business intelligence tools for advisors and its robust recruitment pipeline. Looking ahead, the company plans to explore strategic acquisitions or partnerships to drive further growth.
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