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Murray Stahl, President and Co-Portfolio Manager at RENN Fund, Inc. (EXCHANGE:RCG), acquired 1,138 shares of common stock on July 9, 2025, at a price of $2.71 per share. The total value of the purchase was $3,067. The purchase comes as RCG shows strong momentum, with a 56% return over the past year and trading at a P/E ratio of 3.38. According to InvestingPro, the company has demonstrated impressive revenue growth of ~30% in the last twelve months.
The transactions included the purchase of 360 shares held directly by Mr. Stahl, increasing his direct holdings to 93,530 shares. Additional purchases were made indirectly through various entities, including 18 shares for his spouse, 180 shares for FROMEX Equity Corp, 180 shares for FRMO Corp, 290 shares for Horizon Common Inc., 18 shares for Horizon Kinetics Hard Assets LLC, and 86 shares for Horizon Kinetics Asset Management LLC.
Following these transactions, Mr. Stahl indirectly holds 2,618 shares through his spouse, 104,448 shares through FROMEX Equity Corp, 289,700 shares through FRMO Corp, 312,500 shares through Horizon Common Inc., 8,694 shares through Horizon Kinetics Hard Assets LLC and 53,262 shares through Horizon Kinetics Asset Management LLC. Mr. Stahl disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.
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