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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired additional shares of the company’s common stock. On March 7, 2025, Stahl purchased a total of 1,274 shares at a price of $2.57 each, amounting to an investment of approximately $3,274. The purchase comes as RCG shows strong momentum, with InvestingPro data showing a 64% return over the past year and nearly 39% gain in the last six months.
The transactions were made across multiple accounts, including direct ownership and several indirect holdings through entities such as Fromex Equity Corp and Horizon Kinetics Asset Management LLC. Following these acquisitions, Stahl’s direct holdings in RENN Fund increased to 63,622 shares, with additional shares held indirectly. The company has demonstrated solid fundamentals, with revenue growth of 22% and earnings per share of $0.16 in the last twelve months.
These purchases reflect Stahl’s continued investment in RENN Fund, a company he leads as both President and CEO. For detailed insider trading patterns and comprehensive analysis, access the full RCG Research Report on InvestingPro, which offers exclusive insights on 1,400+ stocks.
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 saw a 15% rise in fee revenue and a significant 20% increase in trading commissions. Additionally, corporate finance revenue experienced an impressive 80% growth. Richardson Wealth is focused on achieving $50 billion in assets under administration, emphasizing operational efficiency and advisor support. The company launched new business intelligence tools for advisors, aiming to enhance their service offerings. CEO Dave Kelly underscored the strategic direction of the company, highlighting ongoing recruitment efforts that brought in teams managing $1.8 billion in assets in 2024. Meanwhile, RF Capital, the parent company, reported an adjusted EBITDA of $16.2 million for Q4, reflecting increased revenue offset by higher operating expenses. The firm remains committed to operational improvements and strategic growth through potential acquisitions or partnerships.
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