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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSEAMERICAN:RCG), reported a series of stock purchases on January 2, 2025, according to a recent SEC filing. The transactions involved the acquisition of common stock, totaling $2,734, with each share purchased at a price of $2.29. The purchase comes as RCG shows strong momentum, with the stock up over 42% in the past six months. According to InvestingPro, the fund has demonstrated solid performance with 21.5% revenue growth in the last twelve months.
The purchases increased Stahl's direct ownership to 49,126 shares. Additionally, shares were acquired through indirect ownership channels, including his spouse and various entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. These transactions reflect a continued investment in RENN Fund by Stahl and associated entities. With a beta of 0.72 and an overall financial health score rated as "FAIR" by InvestingPro, which offers additional insights through its comprehensive analysis tools and ProTips.
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