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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently increased his holdings in the company through a series of transactions. On March 11, 2025, Stahl acquired a total of 1,274 shares of common stock at a consistent price of $2.56 per share, amounting to an investment of $3,261. The purchase price represents an attractive entry point, considering RCG’s strong performance with a 64% return over the past year and revenue growth of 22%.
The transactions included direct acquisitions and indirect purchases through various entities associated with Stahl, such as Fromex Equity Corp, FRMO Corp, and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl’s direct ownership stands at 64,334 shares, with additional holdings through indirect accounts. According to InvestingPro, RCG has demonstrated strong momentum with a 34% price increase over the past six months.
These acquisitions reflect Stahl’s continued confidence in RENN Fund, as he maintains a significant stake in the company both directly and through related entities. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro offers detailed research reports covering over 1,400 US stocks, including RCG’s complete financial health assessment and growth prospects.
In other recent news, Richardson Wealth reported a robust financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company saw a 15% rise in fee revenue and a 20% increase in trading commissions, while corporate finance revenue surged by 80%. However, interest revenue experienced a decline of 19% due to lower benchmark interest rates. The company is targeting $50 billion in assets under administration, with a focus on enhancing advisor support and recruitment. Richardson Wealth’s strategic advancements include the launch of new business intelligence tools for advisors. The firm is also exploring potential acquisitions or partnerships as avenues for growth. Analysts from Cormark Securities and Acumen Capital participated in a recent earnings call, where discussions highlighted the company’s operational improvements and recruitment efforts. CEO Dave Kelly emphasized the importance of advisor support and operational efficiency in the company’s growth strategy.
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