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Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (RCG), has 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 1048 shares at a price of $2.60 per share, amounting to a total investment of $2938 on July 28, 2025. The purchase comes as RCG shows strong performance, with a 47% return over the past year and an impressive overall financial health score of "GREAT" according to InvestingPro analysis.
The filing indicates that Stahl’s direct purchase involved 356 shares. Additionally, the transactions included indirect purchases through various entities, including his spouse (18 shares), FROMEX Equity Corp (180 shares), FRMO Corp (180 shares), Horizon Common Inc. (296 shares), Horizon Kinetics Hard Assets LLC (18 shares), and Horizon Kinetics Asset Management LLC (82 shares). With a market capitalization of $18.29 million and a P/E ratio of 3.32, RCG has demonstrated profitability over the last twelve months. InvestingPro subscribers can access additional insights and detailed analysis through the comprehensive Pro Research Report, available for over 1,400 US stocks.
In other recent news, iA Financial Corporation Inc. announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction aims to strengthen iA Financial’s position in the Canadian independent wealth management market. The acquisition values RF Capital’s common shares at $20.00 each, which is a premium of approximately 107% compared to RF Capital’s closing price on July 25. The total deal includes $370 million for RF Capital’s fully diluted equity and $227 million in financial obligations. This move is part of iA Financial’s strategy to expand its footprint in the wealth management sector.
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