Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired a total of $3,381 worth of common stock on March 12, 2025. The purchases were made at a consistent price of $2.65 per share, close to the stock’s 52-week high of $2.88. According to InvestingPro data, RCG has delivered an impressive 68.75% return over the past year, with the company maintaining a FAIR financial health rating.
The transactions involved a series of acquisitions, including 356 shares directly owned by Mr. Stahl and additional shares acquired indirectly through various entities associated with him, such as Horizon Kinetics Hard Assets LLC and FRMO Corp. These transactions collectively increased Mr. Stahl’s direct and indirect holdings in the company. The company has shown strong fundamentals with 29.95% revenue growth in the last twelve months. Discover more detailed insights and analysis with a InvestingPro subscription, including exclusive ProTips and comprehensive financial metrics.
While Mr. Stahl’s direct ownership now stands at 64,690 shares, the indirect acquisitions were made through entities where he has a pecuniary interest. The recent purchases reflect continued confidence in the company’s prospects, as Mr. Stahl consolidates his position as a significant shareholder. The stock has demonstrated strong momentum with a 36.56% price return over 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 saw significant growth in fee revenue, which rose by 15%, and trading commissions, which increased by 20%. Additionally, corporate finance revenue experienced a substantial jump of 80%. Richardson Wealth has set a target of achieving $50 billion in assets under administration, supported by its strategic focus on technology integration and advisor support. The company is also exploring potential strategic acquisitions or partnerships to fuel growth. In terms of analyst activity, Cormark Securities and Acumen Capital have shown interest in the company’s operations and future plans. The company is committed to operational efficiency and enhancing its advisor recruitment efforts, with a robust pipeline of potential recruits. Richardson Wealth’s leadership, including CEO Dave Kelly, remains focused on achieving these strategic goals while addressing operational challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.