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NEW YORK—Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has recently increased his holdings in the company. According to a recent SEC filing, Stahl acquired a total of 1,276 shares of RENN Fund common stock on May 15, 2025. The shares were purchased at a price of $2.69 each, amounting to a total transaction value of $3,432. The purchase comes as RCG shows strong momentum, with the stock delivering a 68.69% return over the past year and trading near $2.65, according to InvestingPro data.
The purchases include both direct and indirect acquisitions, with shares added to accounts associated with various entities. These entities include Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC, along with shares held directly by Stahl and his spouse. With a market capitalization of $18.63 million and a P/E ratio of 3.39, InvestingPro analysis reveals additional insights about the company’s valuation and growth prospects.
Following these transactions, Stahl’s direct ownership stands at 80,710 shares, while indirect ownership spans multiple entities, reflecting his diverse investment interests within the company. For deeper insights into insider trading patterns and comprehensive analysis, investors can access the full RCG Research Report on InvestingPro.
In other recent news, Richardson Wealth reported a robust financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company also experienced a notable rise in fee revenue by 15% and trading commissions by 20%, while corporate finance revenue saw a significant jump of 80%. However, interest revenue decreased by 19% due to a decline in benchmark interest rates. Richardson Wealth is targeting $50 billion in assets under administration, focusing on enhancing advisor support and recruitment as part of its growth strategy. The company also launched new business intelligence tools to aid advisors, emphasizing its commitment to operational improvements and cost management. Analyst firms have not provided recent upgrades or downgrades for Richardson Wealth, but the firm remains committed to maintaining operational efficiency despite potential impacts from declining prime rates. CEO Dave Kelly highlighted the strategic direction of the company, emphasizing the importance of financial planning and the potential for strategic acquisitions or partnerships.
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