RENN fund president Stahl buys shares worth $2,904

Published 15/08/2025, 15:24
RENN fund president Stahl buys shares worth $2,904

Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), acquired 968 shares of common stock on August 14, 2025, at a price of $2.57 per share. The stock, currently trading at $2.67, has delivered an impressive 51.76% return over the past year, according to InvestingPro data.

The total value of the shares purchased amounted to $2,904. With a market capitalization of $18.7 million and a P/E ratio of 3.39, RCG has shown strong momentum with a 19.73% year-to-date return. InvestingPro analysis reveals several more key metrics and insights about RCG’s valuation and growth potential.

Following these transactions, Stahl directly holds 102,818 shares. Indirect holdings include 3,086 shares held by spouse, 109,128 shares held by Fromex Equity Corp, 294,380 shares held by FRMO Corp, 320,214 shares held by Horizon Common Inc., 9,162 shares held by Horizon Kinetics Hard Assets LLC and 55,394 shares held by Horizon Kinetics Asset Management LLC. For comprehensive insider trading analysis and additional insights, access the full RCG research report on InvestingPro.

In other recent news, iA Financial Corporation Inc. has announced a significant acquisition, agreeing to purchase RF Capital Group Inc. for $597 million. This all-cash transaction aims to bolster iA Financial’s presence in the Canadian independent wealth management sector. The deal values RF Capital’s common shares at $20.00 each, marking 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 an additional $227 million to cover financial obligations. This development is part of iA Financial’s strategic efforts to expand its market reach and capabilities.

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