IonQ reaches 1,000 patents milestone with new quantum computing grants
Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently purchased a total of $3,496 worth of common stock in a series of transactions dated March 19, 2025. These acquisitions were disclosed in a Form 4 filing with the Securities and Exchange Commission. The insider buying comes as RCG shows strong momentum, with InvestingPro data revealing a 75% return over the past year and revenue growth of approximately 30%.
The transactions involved the purchase of several blocks of shares at a price of $2.74 each, near the stock’s 52-week high of $2.88. The acquisitions were made both directly and indirectly, with some shares attributed to entities associated with Stahl, including his spouse and various corporations like Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. According to InvestingPro, the company maintains a FAIR financial health score with a relatively low beta of 0.78.
Following these transactions, Stahl’s direct ownership stands at 66,470 shares. Additionally, through indirect holdings, various entities associated with him now control additional shares, with the largest indirect holding being 291,552 shares under Horizon Common Inc. It’s important to note that Stahl disclaims beneficial ownership of the indirectly held shares, except to the extent of his pecuniary interest.
These purchases reflect continued investment by Stahl in RENN Fund, where he holds significant roles as both a director and an officer.
In other recent news, Richardson Wealth reported notable financial results for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company also saw a 15% rise in fee revenue and a significant 80% jump in corporate finance revenue. These results underscore Richardson Wealth’s focus on strategic growth, including the launch of new business intelligence tools for advisors. The firm aims to reach $50 billion in assets under administration, reflecting its strategic ambitions in the wealth management sector. Additionally, the company’s operational improvements and cost management are ongoing priorities. Analyst feedback highlighted the company’s robust recruitment pipeline and potential strategic acquisitions or partnerships as avenues for future growth. However, declining prime rates could impact interest revenue, a factor the company is monitoring closely.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.