Renn fund president Stahl buys shares worth $2,971

Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), acquired 1,134 shares of common stock on October 15, 2025, at a price of $2.62 per share. The stock has demonstrated strong momentum, delivering a 25.4% return over the past year and trading at an attractive P/E ratio of 5x.

The transactions involved a series of purchases with a total value of $2,971. According to InvestingPro data, RCG maintains solid financial health with a current ratio of 1.6, indicating strong liquidity position.

Following these transactions, Stahl directly holds 118,214 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. The company, with a market capitalization of $18.31 million, has shown impressive 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 aims to bolster iA Financial’s standing in the Canadian independent wealth management market. The acquisition values RF Capital’s common shares at $20.00 each, which is approximately a 107% premium over the closing price on July 25. The deal encompasses $370 million for RF Capital’s fully diluted equity and an additional $227 million in financial obligations. These developments reflect iA Financial’s strategic efforts to expand its market presence through significant acquisitions. The transaction is expected to have a notable impact on both companies, given the scale and financial commitments involved. Investors and stakeholders are closely monitoring these developments as they unfold.

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