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Murray Stahl, President and Co-Portfolio Manager at RENN Fund, Inc. (EXCHANGE:RCG), has recently purchased a total of 1,148 shares of common stock at a price of $2.65 per share. The total value of the purchases amounted to $2,994. The stock, currently trading at $2.56, has demonstrated strong momentum with a 49% return over the past year and a YTD gain of 19%. With a market capitalization of $17.93 million and a P/E ratio of 3.25, InvestingPro analysis shows promising fundamentals.
The transactions, which occurred on August 15, 2025, were disclosed in a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro data, RENN Fund has shown impressive revenue growth of ~30% over the last twelve months, suggesting strong operational performance. Get access to more detailed insights and 12+ additional ProTips with an InvestingPro subscription.
Stahl’s direct purchase involved 356 shares, bringing his direct ownership to 103,174 shares. Additionally, there were several indirect purchases: 18 shares held by his 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.
In other recent news, iA Financial Corporation Inc. announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This acquisition aims to bolster iA Financial’s standing in the Canadian independent wealth management market. The all-cash transaction values RF Capital’s common shares at $20.00 each, which is a premium of approximately 107% over RF Capital’s closing price on July 25. The deal comprises $370 million for RF Capital’s fully diluted equity and $227 million in financial obligations. These developments reflect iA Financial’s strategic move to expand its market presence. Investors may find this acquisition noteworthy as it highlights iA Financial’s growth trajectory in the wealth management sector. The transaction is expected to be completed in the coming months, subject to regulatory approvals and customary closing conditions.
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