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Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), a $18.24 million market cap company trading at a P/E ratio of 4.97, has purchased shares of common stock, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro, the company has been profitable over the last twelve months.
On October 23, 2025, Stahl acquired a total of 1134 shares at a price of $2.61, for a total transaction value of $2959. The stock has shown strong momentum with a 15.7% year-to-date return, while maintaining healthy liquidity with current assets exceeding short-term obligations. Get deeper insights and access to comprehensive analysis with InvestingPro’s detailed research reports.
The transactions included the purchase of 360 shares held directly by Stahl, resulting in a total of 120,374 shares owned following the transaction. Additional purchases were made indirectly through a spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
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 values RF Capital’s common shares at $20.00 each, offering a significant premium of approximately 107% over RF Capital’s closing price on July 25. The acquisition includes $370 million for RF Capital’s fully diluted equity and $227 million in financial obligations. This strategic move is set to enhance iA Financial’s standing in the Canadian independent wealth management sector. The deal is expected to close following customary regulatory approvals and closing conditions. These developments mark a significant step for iA Financial in expanding its market presence.
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