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Murray Stahl, President and CEO of RENN Fund, Inc. (AMEX:RCG), recently increased his holdings in the company by purchasing shares valued at $3,303. The purchase comes as RCG shows strong momentum, with a 71% return over the past year and a 53% gain in the last six months. According to a Form 4 filing with the Securities and Exchange Commission, Stahl acquired a total of 1,242 shares of RENN Fund common stock on February 12, 2025, at a price of $2.66 per share.
The transactions were made directly and indirectly through various entities associated with Stahl. These include direct ownership and indirect ownership through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC, among others.
Following these transactions, Stahl’s direct ownership stands at 57,986 shares, with additional shares held indirectly through the aforementioned entities. While the filing indicates that Stahl disclaims beneficial ownership of the shares held indirectly, it specifies that he maintains a pecuniary interest in them.
Investors may view this move as a vote of confidence from the company’s top executive, suggesting optimism about the fund’s future performance.
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