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Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (NYSE:RCG), has recently increased his stake in the company. According to a recent SEC filing, Stahl purchased a total of 1,280 shares of RENN Fund common stock on June 10, 2025, at a consistent price of $2.67 per share, close to the current trading price of $2.70. The total value of these transactions amounts to $3,417. The fund, with a market capitalization of $18.94 million, has delivered impressive returns with a 53.41% gain over the past year. InvestingPro subscribers can access detailed insider trading patterns and comprehensive valuation metrics to make more informed investment decisions.
The acquisitions were spread across various accounts, including direct ownership and several indirect holdings through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Notably, the shares acquired directly by Stahl amounted to 356, while the remaining shares were acquired through indirect ownership.
Following these transactions, Stahl’s direct ownership in RENN Fund stands at 86,762 shares, while his indirect holdings, not including his direct shares, reflect significant positions across the various entities. It is important to note that Stahl disclaims beneficial ownership in the indirect accounts, except for the extent of his pecuniary interest.
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