CTAs keep buying Treasuries, gold longs face stop-loss risk: BofA
Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently made several acquisitions of the company’s common stock. According to a filing with the Securities and Exchange Commission, Stahl purchased a total of 1,246 shares on February 26, 2025, at a price of $2.71 per share, amounting to a total value of approximately $3,376. The purchase comes as RCG shows strong momentum, with the stock up over 71% in the past year and trading near its 52-week high of $2.88.
These transactions involved both direct and indirect ownership structures. Stahl directly acquired 328 shares, increasing his direct holdings to 61,130 shares. Additionally, shares were acquired indirectly through various entities, including Horizon Common Inc., FRMO Corp, and Horizon Kinetics Hard Assets LLC, among others. InvestingPro analysis reveals the company’s revenue grew by 21.5% in the latest quarter, though investors should note potential liquidity concerns.
The transactions reflect Stahl’s continued investment in RENN Fund, as he holds significant roles within the company, including director and officer, as well as a ten percent owner. For deeper insights into insider trading patterns and additional financial metrics, subscribers to InvestingPro have access to exclusive analysis and real-time updates.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.