renn fund’s CEO Murray Stahl acquires $3,432 in common stock

On March 13, 2025, Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), made several purchases of the company’s common stock, totaling $3,432. These transactions involved the acquisition of 1,276 shares at a price of $2.69 per share, near the stock’s 52-week high of $2.88. The purchase comes as RCG has delivered impressive returns, with the stock up nearly 70% over the past year and showing revenue growth of approximately 30%. According to InvestingPro, the company maintains a Fair financial health rating.

The purchases were distributed across various ownership entities, including direct ownership by Stahl and indirect ownership through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. Additionally, a small portion was acquired under the name of his spouse. InvestingPro analysis reveals that while the company’s short-term obligations exceed liquid assets, with a current ratio of 0.65, subscribers can access 6 additional key insights about RCG’s financial position and growth prospects.

Following these transactions, Stahl’s direct ownership now stands at 65,046 shares, while various indirect accounts hold additional shares. The transactions reflect ongoing investment activity by the CEO in the company he leads, which has seen its share price climb more than 38% in the past six months.

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. The company also saw a 15% rise in fee revenue and a significant 20% increase in trading commissions. Corporate finance revenue experienced an impressive 80% jump, although interest revenue saw a 19% decline due to falling benchmark interest rates. The firm’s strategic focus remains on achieving $50 billion in assets under administration (AUA), with current AUA standing at $39.5 billion.

The company has also launched new business intelligence tools for advisors, aiming to enhance support and recruitment efforts. Looking forward, Richardson Wealth anticipates that interest revenue may be impacted by declining prime rates but remains committed to operational efficiency. Analysts from firms like Cormark Securities have noted the company’s efforts to improve advisor operations and recruitment, with some expressing optimism about the firm’s ongoing initiatives. The company continues to explore potential acquisitions or partnerships to fuel further growth, aligning with its strategic goals.

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