Renn fund president Murray Stahl acquires shares worth $2,936

Published 16/06/2025, 14:48
Renn fund president Murray Stahl acquires shares worth $2,936

Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (NYSE:RCG), has increased his holdings in the company through a series of stock purchases. According to a recent SEC filing, Stahl acquired a total of 1,108 shares of RENN Fund’s common stock on June 13, 2025. The shares were purchased at a consistent price of $2.65 each, amounting to a total transaction value of $2,936. The purchase price represents a slight discount to the current trading price of $2.70, with the stock showing impressive momentum, delivering a 55% return over the past year. According to InvestingPro, RCG maintains a notably low P/E ratio of 3.44.

These acquisitions were made across different accounts, including shares held directly by Stahl and indirectly through entities such as Horizon Common Inc., FRMO Corp, and others. Following these transactions, Stahl’s direct ownership stands at 87,830 shares, with additional shares held indirectly through various entities. The company, currently valued at $18.59 million, has demonstrated strong financial performance with nearly 30% revenue growth in the last twelve months. InvestingPro subscribers can access additional insights, including exclusive ProTips and comprehensive financial analysis in the Pro Research Report.

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