S&P 500 falls as ongoing government shutdown, trade jitters weigh
Murray Stahl, President and Co-Portfolio Manager at RENN Fund, Inc. (EXCHANGE:RCG), recently purchased shares of the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Stahl acquired a total of shares worth $6,005. The micro-cap fund, currently valued at $18.24 million, has demonstrated strong financial health with an overall score of "GREAT" according to InvestingPro analysis.
The transactions, which occurred on October 10 and 13, 2025, involved the purchase of common stock at a price of $2.62 per share. Stahl’s acquisitions included direct purchases and indirect purchases through various entities, including his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. The stock has shown impressive performance with a 26.7% return over the past year and trades at an attractive P/E ratio of 5x. InvestingPro has identified several more key insights about RCG’s valuation and growth potential in its comprehensive Pro Research Report.
In other recent news, iA Financial Corporation Inc. has announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction values RF Capital’s common shares at $20.00 each, representing a substantial premium of approximately 107% over RF Capital’s closing price on July 25. The deal aims to bolster iA Financial’s position within the Canadian independent wealth management market. The acquisition includes $370 million allocated for RF Capital’s fully diluted equity and $227 million for financial obligations. This strategic move is part of iA Financial’s ongoing efforts to expand its market presence and capabilities. The acquisition is expected to close following the necessary regulatory approvals and customary closing conditions. Investors are keenly observing these developments as they unfold.
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