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NEW YORK—Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (NYSE:RCG), made a series of purchases amounting to $3,443 in common stock, according to a recent SEC filing. The micro-cap fund, currently valued at $18.17 million, has demonstrated strong performance with a 52.83% return over the past year.
The transactions, dated June 9, 2025, involved multiple acquisitions of shares at a consistent price of $2.69 per share. These purchases were made both directly and indirectly across several entities. Directly, Stahl acquired 356 shares, while indirect acquisitions were made through various entities, including his spouse and multiple corporate accounts such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. According to InvestingPro data, the fund has maintained impressive momentum, with a 16.14% gain year-to-date and trades at an attractive P/E ratio of 3.28.
Following these transactions, Stahl’s direct ownership stands at 86,406 shares, with additional holdings spread across the aforementioned entities. The filing details that Stahl disclaims beneficial ownership of the shares held indirectly, except for his pecuniary interest.
This acquisition by a key executive underscores a continued investment in RENN Fund, Inc., reflecting a potential vote of confidence in the company’s future prospects.
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