Beamr video compression achieves up to 50% improvement for AVs
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (RCG), has purchased 1,128 shares of the company’s common stock at a price of $2.66 on August 18, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The $18.11 million market cap company has shown strong performance, with a 48.51% return over the past year and trades at an attractive P/E ratio of 3.29.
The transactions, all purchases, amounted to a total value of $3,005. These purchases increased Stahl’s direct holdings to 103,530 shares. InvestingPro analysis reveals the company has been profitable over the last twelve months, with additional insights available in the comprehensive Pro Research Report.
The filing also indicates indirect purchases were made by the reporting owner 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. Stahl disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.
In other recent news, iA Financial Corporation announced a definitive agreement to acquire RF Capital Group for $597 million. This all-cash transaction aims to bolster iA Financial’s standing in the Canadian independent wealth management sector. The acquisition values RF Capital’s common shares at $20.00 each, reflecting 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 to cover financial obligations. This strategic move underscores iA Financial’s commitment to expanding its market presence. Investors and analysts will likely keep a close watch on the integration process following this significant acquisition. These developments mark a notable shift in the landscape of the wealth management industry in Canada.
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