Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Jay H. Kesslen, Vice-President of RENN Fund, Inc. (AMEX:RCG), a $17 million market cap investment company, recently purchased 500 shares of the company’s common stock. According to InvestingPro data, RCG has delivered an impressive 53.5% return over the past year and trades at an attractive P/E ratio of 3.4. The shares were acquired at a price of $2.51 each, amounting to a total investment of $1,255. Following this transaction, Kesslen’s direct ownership in the company totals approximately 42,863 shares. This move reflects an increase in Kesslen’s stake in RENN Fund, as disclosed in the recent SEC filing. InvestingPro analysis shows the company maintains a "GREAT" financial health score, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, Richardson Wealth reported a strong financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. Fee revenue rose by 15%, trading commissions surged by 20%, and corporate finance revenue experienced an impressive 80% growth. Despite these gains, interest revenue declined by 19% due to falling benchmark interest rates, while insurance revenue dropped 12% from the previous year. The company aims to reach $50 billion in assets under administration, supported by their strategic focus on advisor support and recruitment. RF Capital, the parent company of Richardson Wealth, announced that Francis Barajan has been appointed as the new Chief Financial Officer. The company is also committed to operational efficiency and plans to explore strategic acquisitions or partnerships for growth. Analysts from firms like Cormark Securities and Acumen Capital have shown interest in the company’s operational improvements and recruitment strategies.
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