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Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (exchange:RCG), has recently purchased 1,126 shares of the company’s common stock at $2.66 per share, amounting to $3,005. The purchase comes as RCG shows strong momentum, with InvestingPro data revealing a remarkable 55% return over the past year and an attractive P/E ratio of 3.4.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions occurred on August 6, 2025.
The filing indicates that following these transactions, Stahl directly owns 100,682 shares and indirectly owns additional shares through various entities and his spouse. These include 2,978 shares held by his spouse, 108,048 shares held by FROMEX Equity Corp, 293,300 shares held by FRMO Corp, 318,438 shares held by Horizon Common Inc., 9,054 shares held by Horizon Kinetics Hard Assets LLC and 54,902 shares held by Horizon Kinetics Asset Management LLC.
In other recent news, iA Financial Corporation Inc. has announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This acquisition is structured as an all-cash transaction, valuing RF Capital’s common shares at $20.00 each. This represents a premium of approximately 107% over RF Capital’s closing price on July 25. The deal includes $370 million allocated for RF Capital’s fully diluted equity and $227 million to cover financial obligations. This acquisition is a significant move for iA Financial, as it aims to strengthen its position in the Canadian independent wealth management market. The developments indicate a strategic expansion for iA Financial, enhancing its market presence. This transaction is expected to have noteworthy implications for both companies involved. The acquisition is poised to influence the competitive dynamics within the sector.
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