Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In a recent transaction, Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), acquired additional shares of the company’s common stock. The purchase, which took place on May 23, 2025, involved a total of 1,278 shares at a price of $2.68 per share, amounting to approximately $3,425. The stock, currently trading at $2.69, has demonstrated remarkable performance with a 69% return over the past year and a 21% gain year-to-date, according to InvestingPro data.
These shares were acquired through various accounts, including direct ownership and several indirect accounts such as those associated with FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. Notably, Stahl’s direct ownership increased by 356 shares, while the remaining shares were distributed across the indirect accounts. With a market capitalization of $18.87 million and a P/E ratio of 3.41, InvestingPro analysis reveals compelling valuation metrics for this small-cap fund.
It’s important to note that Stahl disclaims beneficial ownership of the shares held in the indirect accounts, except to the extent of his pecuniary interest. Following these transactions, Stahl holds 82,846 shares directly. For deeper insights into insider trading patterns and comprehensive financial analysis, explore the full RCG research report available on InvestingPro.
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 $96.9 million. The company also saw a notable rise in fee revenue and trading commissions, which increased by 15% and 20%, respectively. Corporate finance revenue experienced significant growth, jumping 80% from the previous year. Despite these positive results, interest revenue declined by 19% due to a decrease in benchmark interest rates. Richardson Wealth remains focused on achieving $50 billion in assets under administration, with strategic acquisitions and partnerships as potential growth avenues. CEO Dave Kelly emphasized the company’s commitment to operational efficiency and support for advisors, which includes the launch of new business intelligence tools. The company continues to maintain a robust recruitment pipeline, welcoming teams managing $1.8 billion in assets under administration in 2024. Analyst firms such as Cormark Securities and Acumen Capital have taken an interest in the company’s efforts to enhance service levels and advisor support, which are expected to improve by spring.
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