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Murray Stahl, President and Co-Portfolio Manager at RENN Fund, Inc. (RCG), has recently purchased a total of $2968 worth of company stock. On September 22, 2025, Stahl acquired 1038 shares of common stock at $2.65 per share, slightly above the current trading price of $2.59. The $18.17 million market cap company has demonstrated strong performance with a 12.11% year-to-date return.
The transactions included the purchase of 356 shares directly, bringing Stahl’s direct ownership to 112,102 shares. Additionally, Stahl acquired shares indirectly through various entities, including 18 shares for his spouse, 180 shares for Fromex Equity Corp, 180 shares for FRMO Corp, 286 shares for Horizon Common Inc., 18 shares for Horizon Kinetics Hard Assets LLC and 82 shares for Horizon Kinetics Asset Management LLC.
Following these transactions, Stahl’s indirect holdings are 57526 shares through Horizon Kinetics Asset Management LLC, 9630 shares through Horizon Kinetics Hard Assets LLC, 327900 shares through Horizon Common Inc., 299060 shares through FRMO Corp, 113808 shares through Fromex Equity Corp, and 3554 shares owned by spouse. Stahl disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.
In other recent news, iA Financial Corporation Inc. announced its agreement to acquire RF Capital Group Inc. for $597 million. This acquisition is set to enhance iA Financial’s presence in the Canadian independent wealth management sector. The all-cash transaction values RF Capital’s common shares at $20.00 each, which is a significant premium of approximately 107% compared to RF Capital’s closing price on July 25. The deal comprises $370 million for RF Capital’s fully diluted equity and an additional $227 million to cover financial obligations. This move marks a strategic expansion for iA Financial in the wealth management industry. As these developments unfold, investors and analysts will be closely monitoring the impact of this acquisition.
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