Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired a total of $3,394 worth of common stock in a series of transactions on May 7, 2025. The purchases were made at a price of $2.66 per share, slightly below the current trading price of $2.70. According to InvestingPro data, RCG has demonstrated remarkable performance with a 64% return over the past year, while maintaining a modest P/E ratio of 3.42. These acquisitions increased Stahl’s direct and indirect holdings across various accounts, including those associated with his spouse and several corporate entities.
Following these transactions, Stahl’s direct ownership stands at 78,574 shares, while indirect holdings are spread across different entities, including FROMEX Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Notably, Stahl has disclaimed beneficial ownership for the indirect accounts, except where he has a pecuniary interest.
In other recent news, Richardson Wealth reported a 12% increase in revenue for the fourth quarter of 2024, reaching $96.9 million. The company saw a 15% rise in fee revenue and a 20% boost in trading commissions, while corporate finance revenue surged by 80%. However, interest revenue decreased by 19% due to lower benchmark interest rates. The firm is targeting $50 billion in assets under administration, aiming to enhance advisor support and recruitment efforts. Richardson Wealth’s strategic focus includes operational improvements and cost management. The company also introduced new business intelligence tools for advisors to drive growth. CEO Dave Kelly emphasized the importance of financial planning and the company’s commitment to becoming a leading independent choice in Canada.
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