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Murray Stahl, President and Co-Portfolio Manager at RENN Fund, Inc. (EXCHANGE:RCG), reported purchasing shares of common stock on July 16, 2025. The transactions involved the acquisition of shares at $2.65, close to the current trading price of $2.61. The stock has shown remarkable performance, with a 51% return over the past year and an 19% gain year-to-date. According to InvestingPro, RCG maintains a P/E ratio of 3.32, suggesting potential value opportunity.
Stahl acquired a total of 1126 shares through several transactions, with a total value of $2994. These purchases were made across various entities, including 356 shares held directly, increasing his direct holdings to 95,342 shares. Indirect purchases were also made for his spouse (18 shares, now totaling 2708), Fromex Equity Corp (180 shares, now totaling 105348), FRMO Corp (180 shares, now totaling 290600), Horizon Common Inc. (296 shares, now totaling 313998), Horizon Kinetics Hard Assets LLC (18 shares, now totaling 8784), and Horizon Kinetics Asset Management LLC (82 shares, now totaling 53672). With a market capitalization of $18.31M, these insider transactions represent significant positioning in the company. For deeper insights into RCG’s valuation and performance metrics, access the comprehensive research report available on InvestingPro.
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