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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has recently acquired additional shares of the company's common stock. According to a recent SEC filing, Stahl purchased a total of 1,194 shares on January 13, 2025, at a consistent price of $2.49 per share, near the middle of its 52-week range of $1.52 to $2.85. This acquisition amounts to a total investment of approximately $2,973. InvestingPro data shows the company has delivered an impressive 50% return over the past year.
The purchases were made in various capacities, including shares acquired directly by Stahl and indirectly through entities such as FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. Notably, a portion of the shares is owned indirectly through his spouse and associated firms, as outlined in the filing.
Stahl's transactions reflect his ongoing commitment to the company, where he serves as both a director and a significant shareholder. The acquisitions increase his direct and indirect stakes in RENN Fund, further aligning his interests with those of the shareholders.
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