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Murray Stahl, President and CEO of RENN Fund, Inc. (AMEX:RCG), recently acquired a significant amount of common stock in the company. According to a filing submitted to the Securities and Exchange Commission, Stahl purchased a total of 1,242 shares on February 24, 2025, at a consistent price of $2.70 per share, near the stock’s 52-week high of $2.88. The aggregate value of these transactions amounted to approximately $3,353. The purchase comes as RCG has demonstrated strong momentum, with a 75% return over the past year and 48% gain in the last six months, according to InvestingPro data.
The transactions were carried out both directly and indirectly through various entities. Stahl’s direct acquisition consisted of 328 shares, while the remaining shares were acquired through indirect holdings, including his spouse and several corporate entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. While the company maintains profitability with a 100% gross margin, InvestingPro analysis flags that short-term obligations exceed liquid assets, with a concerning current ratio of 0.16.
Following these transactions, Stahl’s direct ownership stands at 60,474 shares, with additional shares held across the aforementioned entities. It is noteworthy that Stahl disclaims beneficial ownership of the indirectly held shares, except to the extent of his pecuniary interest, if any. For deeper insights into RCG’s financial health and additional exclusive ProTips, investors can access comprehensive analysis through InvestingPro.
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