Powell speech takes center stage in Tuesday’s economic events
Murray Stahl, President and Co-Portfolio Manager of RENN Fund, Inc. (RCG), has disclosed purchasing shares of the company’s common stock on September 5, 2025. The micro-cap fund, currently valued at $18.84 million, has demonstrated strong performance with a 20.18% return year-to-date and trades at an attractive P/E ratio of 3.42.
The transactions involved the acquisition of common stock at a price of $2.68 per share. Stahl acquired a total of 968 shares through several transactions, with the total value of the purchases amounting to $3,028. According to InvestingPro, RCG has shown a strong return over the last five years, with additional exclusive insights available to subscribers.
In other recent news, iA Financial Corporation Inc. announced a definitive agreement to acquire RF Capital Group Inc. for $597 million. This all-cash transaction aims to bolster iA Financial’s presence in the Canadian independent wealth management market. The acquisition values RF Capital’s common shares at $20.00 each, which is a premium of approximately 107% over its previous closing price. The deal encompasses $370 million for RF Capital’s fully diluted equity and an additional $227 million in financial obligations. This strategic move is part of iA Financial’s efforts to expand its market reach and strengthen its financial services portfolio. The acquisition is expected to have significant implications for both companies, enhancing their competitive positions within the industry. These developments reflect iA Financial’s ongoing commitment to growth and expansion in the financial sector.
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