Renn fund president Stahl buys $2959 in shares

Murray Stahl, President and Co-Portfolio Manager at RENN Fund, Inc. (EXCHANGE:RCG), acquired shares of the company’s common stock on October 22, 2025. The transactions involved the purchase of common stock at $2.61 per share, with the stock showing strong momentum with a 15.7% year-to-date return. According to InvestingPro, RCG maintains healthy financials with a P/E ratio of 4.98 and strong liquidity metrics.

Stahl’s purchases totaled $2959. These purchases included 360 shares held directly, as well as indirect holdings through various entities including Stahl’s spouse (18 shares), Fromex Equity Corp (180 shares), FRMO Corp (180 shares), Horizon Common Inc. (296 shares), Horizon Kinetics Hard Assets LLC (18 shares), and Horizon Kinetics Asset Management LLC (82 shares). InvestingPro analysis reveals the company is profitable with liquid assets exceeding short-term obligations. Get access to additional ProTips and comprehensive financial analysis with an InvestingPro subscription.

In other recent news, iA Financial Corporation Inc. announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction aims to strengthen iA Financial’s position in the Canadian independent wealth management market. The acquisition values RF Capital’s common shares at $20.00 per share, which is a premium of approximately 107% compared to its closing price on July 25. The deal includes $370 million for RF Capital’s fully diluted equity and $227 million in financial obligations. This acquisition reflects iA Financial’s strategy to expand its market presence and diversify its offerings. The transaction is expected to enhance iA Financial’s growth prospects in the wealth management sector. Investors will be watching closely as this development unfolds, given its potential impact on the company’s future performance.

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