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RENN Fund, Inc. (EXCHANGE:RCG) President Murray Stahl reported purchasing shares of common stock on June 20, 2025. The transactions involved the acquisition of 1128 shares at a price of $2.66, for a total value of $2947. The purchase comes as RCG trades near $2.68, with the stock showing impressive momentum, up 61.7% over the past year and 19.3% year-to-date, according to InvestingPro data.
Specifically, Stahl directly purchased 356 shares. Additionally, indirect purchases were made through various entities, including 18 shares by spouse, 180 shares by Fromex Equity Corp, 180 shares by FRMO Corp, 274 shares by Horizon Common Inc., 18 shares by Horizon Kinetics Hard Assets LLC, and 82 shares by Horizon Kinetics Asset Management LLC. The $18.8 million market cap company currently trades at an attractive P/E ratio of 3.4x.
Following these transactions, Stahl directly holds 89,254 shares. The filing also indicates indirect ownership of shares through various entities, with Stahl disclaiming beneficial ownership except to the extent of his pecuniary interest. For deeper insights into RCG’s valuation and performance metrics, access the comprehensive research report available on InvestingPro.
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