Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In a recent transaction, Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), acquired a total of 1,276 shares of the company’s common stock. The purchases were made on April 16, 2025, at a consistent price of $2.51 per share, amounting to a total value of $3,202. The purchase price sits between the stock’s 52-week range of $1.57 to $2.88, with InvestingPro data showing an impressive 56% return over the past year.
The transactions involved both direct and indirect acquisitions. Of the total shares, 356 were acquired directly by Mr. Stahl, while the remaining shares were acquired indirectly through various entities associated with him, including Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. The company has demonstrated strong financial performance, with revenue growth of nearly 30% in the last twelve months, according to InvestingPro analysis.
Following these transactions, Mr. Stahl’s direct ownership stands at 73,590 shares, with additional shares held indirectly through the aforementioned entities. Notably, Mr. Stahl has disclaimed beneficial ownership of the indirectly held shares, except to the extent of his pecuniary interest. For deeper insights into RCG’s valuation and additional financial metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
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 achieved a notable 15% rise in fee revenue, a 20% increase in trading commissions, and an impressive 80% jump in corporate finance revenue. These results underscore Richardson Wealth’s strategic focus on operational efficiency and its aim to reach $50 billion in assets under administration. The firm is also enhancing its advisor support with new business intelligence tools. Additionally, Richardson Wealth is actively pursuing recruitment, having welcomed teams managing $1.8 billion in assets in 2024. The firm is committed to maintaining operational efficiency despite potential impacts on interest revenue due to declining prime rates. Analyst firms have not provided recent upgrades or downgrades, but the company’s strategic direction remains focused on growth and innovation in the independent wealth management sector.
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