Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Murray Stahl, the President and CEO of RENN Fund, Inc. (AMEX:RCG), recently made a series of stock purchases, according to a regulatory filing. On February 28, 2025, Stahl acquired a total of 1,274 shares of RENN Fund’s common stock, with prices ranging from $2.69 to $2.70 per share. The total value of these transactions amounted to $3,427. The purchase comes as RCG shows strong momentum, with the stock up 72% over the past year and 46% in the last six months. InvestingPro analysis indicates the fund maintains a FAIR financial health rating.
These acquisitions were made across various ownership accounts, including direct holdings and indirect holdings through entities such as Fromex Equity Corp and Horizon Kinetics Hard Assets LLC. Notably, 356 shares were purchased directly by Stahl, with the remaining shares acquired through indirect ownership. For deeper insights into insider trading patterns and comprehensive analysis, subscribers can access the full RCG research report on InvestingPro.
The filing also notes that Stahl disclaims beneficial ownership of some shares except to the extent of his pecuniary interest. Following these transactions, Stahl holds 61,842 shares directly, with additional shares held indirectly across different accounts. The fund has demonstrated solid growth, with revenue increasing by 21.5% in the last twelve months.
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 reach $96.9 million. The company also saw a 15% rise in fee revenue and a significant 80% jump in corporate finance revenue. Despite a decrease in interest revenue due to declining benchmark interest rates, Richardson Wealth maintained a robust financial position. The company aims to achieve $50 billion in assets under administration, with strategic enhancements in advisor support and recruitment being key focus areas. Analysts noted that the firm’s operational improvements and cost management efforts are expected to drive future growth. Additionally, Richardson Wealth’s CEO, Dave Kelly, emphasized the company’s commitment to becoming a leading independent choice in Canada. The firm continues to explore strategic acquisitions or partnerships to bolster its growth trajectory.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.