Renn fund president Stahl buys shares worth $2971

Published 01/08/2025, 15:26
Renn fund president Stahl buys shares worth $2971

Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), acquired common stock of the company on July 31, 2025. The micro-cap fund, currently valued at $18.17 million, has demonstrated strong performance with a 47% return over the past year. InvestingPro analysis shows the fund maintains a GREAT financial health score of 3.44.

The transactions involved the purchase of 1068 shares at a price of $2.63, for a total value of $2971. The purchase price sits between the fund’s 52-week range of $1.65 to $2.88, with the stock currently trading at $2.59. Trading at a P/E ratio of just 3.3, InvestingPro subscribers can access detailed insider trading patterns and comprehensive valuation metrics.

Following these transactions, Stahl directly holds 99258 shares. Indirect holdings are also reported through various entities. The fund has maintained profitability over the last twelve months, with a notable 100% gross profit margin.

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 transaction is an all-cash deal, valuing RF Capital’s common shares at $20.00 each, which is about a 107% premium 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 mark significant strategic growth for iA Financial in the wealth management sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.