Stock market today: S&P 500 falls as government shutdown, trade jitters persist
Murray Stahl, President and Co-Portfolio Manager at RENN Fund, Inc. (RCG), has reported purchasing shares of common stock on September 22, 2025. The micro-cap fund, currently valued at $18.17 million, has demonstrated strong performance with a 12.11% return year-to-date and trades at an attractive P/E ratio of 4.97.
The transactions involved the acquisition of 1,138 shares at a price of $2.65 per share, for a total value of $2,968. According to InvestingPro, RCG has shown strong returns over the last five years, with additional insights available in the comprehensive Pro Research Report covering 1,400+ US equities.
In other recent news, iA Financial Corporation Inc. has announced a significant acquisition, entering into a definitive agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction aims to bolster iA Financial’s standing in the Canadian independent wealth management market. The deal values RF Capital’s common shares at $20.00 each, offering a premium of approximately 107% compared to RF Capital’s closing price on July 25. The acquisition includes $370 million allocated 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 as it seeks to enhance its market presence. The developments reflect ongoing consolidation trends within the financial services sector. Investors and stakeholders are keeping a close watch on how this acquisition will influence iA Financial’s future market dynamics.
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