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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently increased his holdings in the company through a series of transactions reported on February 18, 2025. The purchases come as RCG’s stock has shown strong momentum, delivering a 67% return over the past year and trading near its 52-week high of $2.88. On February 14, Stahl acquired a total of 1,244 shares of RENN Fund common stock at a consistent price of $2.60 per share, amounting to a total investment of $3,234.
The transactions involved both direct and indirect ownership. Directly, Stahl added 328 shares to his personal holdings. Indirectly, shares were acquired through several entities associated with him, including his spouse and various corporate entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
Following these acquisitions, Stahl’s direct stock ownership stands at 58,834 shares. The indirect holdings, which Stahl does not fully claim beneficial ownership of, now include shares held across multiple accounts, with specific amounts disclosed in the filing.
This strategic move by Stahl reflects ongoing confidence in RENN Fund’s potential, as he continues to consolidate his position within the company. With revenue growth of 21.5% and a FAIR financial health rating according to InvestingPro, which offers comprehensive analysis and additional insights about RCG’s valuation and growth prospects.
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