Renn fund president Stahl buys $2,948 in shares

Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (RCG), acquired 1,134 shares of common stock on October 14, 2025, at $2.60 per share. The stock, which has gained nearly 29% over the past year and trades at an attractive P/E ratio of 5, has shown strong momentum with revenue growth of 37% in the last twelve months. According to InvestingPro, the company maintains strong liquidity with current assets exceeding short-term obligations.

The purchases, executed at a uniform price of $2.60, totaled $2,948. These shares were bought across several entities, including direct holdings and indirect holdings through a spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.

Following these transactions, Stahl directly holds 117,854 shares of RENN Fund, Inc. In addition to the directly held shares, Stahl also has indirect ownership through various entities; however, he disclaims beneficial ownership except to the extent of his pecuniary interest.

In other recent news, iA Financial Corporation Inc. has announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This strategic move aims to bolster iA Financial’s standing in the Canadian independent wealth management sector. The transaction is structured as an all-cash deal, valuing RF Capital’s common shares at $20.00 each. This valuation represents a premium of approximately 107% over RF Capital’s closing price on July 25. The acquisition includes $370 million allocated for RF Capital’s fully diluted equity and $227 million to cover financial obligations. These recent developments highlight iA Financial’s commitment to expanding its market presence. The acquisition is expected to enhance the company’s capabilities and offerings in the wealth management industry.

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