Bernstein says Donald Trump wants this stock to go up
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), has purchased a total of 1138 shares of common stock at a price of $2.62 on September 24, 2025. The total value of the purchase was $2934. The purchase price aligns closely with the current trading price of $2.60, with the stock showing strong momentum, up 23.6% over the past year. InvestingPro data shows the company trades at an attractive P/E ratio of 5x while delivering revenue growth of 37%.
The transactions included the purchase of 356 shares held directly by Stahl, increasing his direct ownership to 112,814 shares. Additionally, the transactions involved indirect ownership through various entities, including his spouse (18 shares), Fromex Equity Corp (180 shares), FRMO Corp (180 shares), Horizon Common Inc. (286 shares), Horizon Kinetics Hard Assets LLC (18 shares) and Horizon Kinetics Asset Management LLC (82 shares). With a market capitalization of $18.2 million, this insider purchase represents meaningful investment in the micro-cap fund. For deeper insights into RCG’s valuation and growth metrics, check out the comprehensive research report available on InvestingPro.
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 is set to strengthen iA Financial’s position in the Canadian independent wealth management market. The acquisition values RF Capital’s common shares at $20.00 per share, representing a premium of approximately 107% to RF Capital’s closing price on July 25. The deal encompasses $370 million for RF Capital’s fully diluted equity and $227 million in financial obligations. These developments highlight iA Financial’s strategic expansion efforts in the wealth management sector. This move is part of iA Financial’s ongoing strategy to enhance its market presence and offerings. Investors may see this acquisition as a significant step in iA Financial’s growth trajectory.
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