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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired additional shares in the company, according to a filing submitted to the Securities and Exchange Commission. On February 25, 2025, Stahl purchased a total of 1,240 shares of RENN Fund’s common stock at a consistent price of $2.78 per share, near the stock’s 52-week high of $2.88. This acquisition amounted to a total investment of approximately $3,447. The timing appears strategic, as RCG has delivered impressive returns, with the stock up 78% over the past year and 53% in the last six months.
The transactions were executed through various accounts, including direct holdings and indirect holdings via entities such as Horizon Kinetics Hard Assets LLC and Horizon Kinetics Asset Management LLC. Notably, Stahl’s direct ownership increased by 328 shares, while the rest of the shares were acquired through indirect ownership structures.
Stahl’s involvement with RENN Fund is multifaceted, as he serves not only as the President and CEO but also holds roles as a director and a significant shareholder. This recent acquisition underscores his continued investment in the company’s future.
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