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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired additional shares in the company. On January 8, 2025, Stahl purchased a total of 1,198 shares of common stock at a price of $2.55 per share, amounting to a transaction value of $3,054. The purchase comes as RCG shows strong momentum, with the stock up nearly 47% over the past six months and trading near its 52-week high of $2.85.
The acquisitions were made across various accounts, including direct ownership and several indirect holdings, such as those associated with his spouse and entities like Fromex Equity Corp, FRMO Corp, and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl's direct ownership stands at 50,438 shares, while his indirect holdings are spread across multiple accounts. According to InvestingPro, RCG has demonstrated solid fundamentals with 21.5% revenue growth and maintains a relatively low market volatility with a beta of 0.72.
These acquisitions reflect Stahl's continued investment in the RENN Fund, further solidifying his stake in the company. InvestingPro analysis reveals several more key insights about RCG's performance and valuation - unlock full access to discover additional investment opportunities.
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