Procore signs multi-year strategic collaboration agreement with AWS
Murray Stahl, President and CEO of RENN Fund, Inc. (AMEX:RCG), made several purchases of common stock on May 1, 2025, according to a recent SEC filing. The transactions involved the acquisition of 1,274 shares at prices ranging from $2.62 to $2.63 per share, totaling $3,338. The purchases come as RENN Fund shows strong momentum, with InvestingPro data showing a 57% return over the past year and a modest P/E ratio of 3. These purchases increased Stahl’s direct and indirect holdings across various entities, including shares held by his spouse and several corporate entities such as Fromex Equity Corp, FRMO Corp, and Horizon Kinetics Asset Management LLC.
The transactions reflect Stahl’s ongoing investment in RENN Fund, as he continues to hold significant shares both directly and indirectly. The filing notes that Stahl disclaims beneficial ownership of the shares held indirectly, except to the extent of his pecuniary interest.
In other recent news, Richardson Wealth reported a strong financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to reach $96.9 million. The company saw significant growth across various revenue streams, including a 15% rise in fee revenue and an 80% increase in corporate finance revenue. Richardson Wealth is targeting $50 billion in assets under administration, emphasizing advisor support and recruitment as key growth strategies. The company also launched new business intelligence tools to enhance advisor capabilities. Looking forward, Richardson Wealth is cautious about the potential impact of declining prime rates on interest revenue but remains committed to operational efficiency. Analyst Jeff Fenwick from Cormark Securities noted the company’s efforts to improve operations for advisors, while Jim Byrne from Acumen Capital inquired about the timeline for reaching the $50 billion goal. CEO Dave Kelly highlighted the importance of financial planning conversations in driving insurance opportunities, indicating a focus on enhancing client advisory services.
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