Gold prices edge lower; heading for weekly losses ahead of U.S.-Russia talks
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (RCG), has purchased a total of 1,128 shares of common stock on August 12, 2025. The micro-cap fund, currently valued at $17.7 million, has demonstrated strong performance with a 43% return over the past year and maintains a GREAT financial health score according to InvestingPro analysis. The purchases were made at a price of $2.58 per share, for a total transaction value of $2915.
The transactions included the purchase of 356 shares held directly by Stahl, increasing his direct ownership to 102,106 shares. Additionally, Stahl indirectly acquired shares through various entities: 18 shares for his spouse, 180 shares for FROMEX Equity Corp, 180 shares for FRMO Corp, 296 shares for Horizon Common Inc., 18 shares for Horizon Kinetics Hard Assets LLC, and 82 shares for Horizon Kinetics Asset Management LLC.
In other recent news, iA Financial Corporation Inc. has announced a significant acquisition. The company has entered into 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 per share. The acquisition represents a premium of approximately 107% compared to RF Capital’s closing price on July 25. The deal includes $370 million allocated for RF Capital’s fully diluted equity and an additional $227 million for financial obligations. This move is set to enhance iA Financial’s position in the Canadian independent wealth management market.
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