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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 1134 shares at a price of $2.62 per share, amounting to a total transaction value of $2971. The stock, currently trading at $2.54, has demonstrated strong performance with a 22.7% return over the past year and maintains an attractive P/E ratio of 4.9.
The transactions, which occurred on October 7, 2025, involved both direct and indirect ownership. Stahl directly purchased 360 shares of RENN Fund.
The filing also indicates that Stahl indirectly acquired shares through several 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).
Following these transactions, Stahl directly owns 116,050 shares and indirectly owns 331136 shares through Horizon Common Inc, 301040 shares through FRMO Corp, 115788 shares through Fromex Equity Corp, 9828 shares through Horizon Kinetics Hard Assets LLC, 58428 shares through Horizon Kinetics Asset Management LLC and 3752 shares held by spouse. The company, with a market capitalization of $17.9 million, has shown robust revenue growth of 37% in the last twelve months.
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 is set to enhance iA Financial’s standing in the Canadian independent wealth management sector. The acquisition values RF Capital’s common shares at $20.00 each, offering a premium of about 107% compared to RF Capital’s closing price on July 25. The deal encompasses $370 million for RF Capital’s fully diluted equity and an additional $227 million to cover financial obligations. These recent developments mark a significant move for iA Financial in the wealth management market.
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