Bernstein says Donald Trump wants this stock to go up
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), acquired 1,126 shares of common stock on September 25, 2025, at a price of $2.62 per share. The stock, which has delivered a strong 24% return over the past year and currently trades at an attractive P/E ratio of 5, has earned a "GREAT" financial health rating according to InvestingPro analysis.
The total value of the purchase amounted to $2,960.
Following the transaction, Stahl directly holds 113,170 shares. He also has indirect ownership through various entities, including his 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 acquisition aims to bolster iA Financial’s presence in the Canadian independent wealth management market. The all-cash transaction values RF Capital’s common shares at $20.00 per share, which is a significant premium of approximately 107% over 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 reflect strategic moves by iA Financial to expand its market footprint. The acquisition is expected to have significant implications for both companies involved. As part of the transaction, iA Financial will integrate RF Capital’s operations into its existing business model. This move is anticipated to enhance iA Financial’s service offerings and client reach.
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