Street Calls of the Week
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), acquired 1,130 shares of common stock on October 9, 2025, at a price of $2.62 per share. The total value of the purchase was $2,971. The stock, currently trading at $2.58, has demonstrated strong momentum with a 15.8% year-to-date return. According to InvestingPro, RCG maintains a "GREAT" financial health score of 3.19, with multiple positive indicators available to subscribers.
The transactions involved the purchase of common stock through several entities. Stahl directly purchased 360 shares. Indirect purchases included 18 shares by Stahl’s spouse, 180 shares by Fromex Equity Corp, 180 shares by FRMO Corp, 296 shares by Horizon Common Inc., 18 shares by Horizon Kinetics Hard Assets LLC, and 82 shares by Horizon Kinetics Asset Management LLC. With a market capitalization of $18.1 million and a P/E ratio of 4.93, RCG presents interesting metrics for value investors.
Following these transactions, Stahl directly holds 116,770 shares. Indirect holdings include 3,788 shares held by spouse, 116,148 shares held by Fromex Equity Corp, 301,400 shares held by FRMO Corp, 331,728 shares held by Horizon Common Inc., 9,864 shares held by Horizon Kinetics Hard Assets LLC, and 58,592 shares held by Horizon Kinetics Asset Management LLC. Discover more comprehensive insights and detailed analysis in the Pro Research Report, available exclusively on InvestingPro.
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 aims to strengthen iA Financial’s position in the Canadian independent wealth management market. The acquisition values RF Capital’s common shares at $20.00 each, which is a significant 107% premium over its closing price on July 25. The deal is structured to include $370 million for RF Capital’s fully diluted equity and $227 million to cover financial obligations. This development underscores iA Financial’s strategic move to expand its market presence. The acquisition reflects a growing trend of consolidation in the financial sector. Investors will be watching closely to see how this acquisition impacts iA Financial’s future operations.
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