Renn fund’s president and CEO Murray Stahl acquires $3,348 in stock

Published 05/06/2025, 17:14
Renn fund’s president and CEO Murray Stahl acquires $3,348 in stock

Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has reported a series of stock acquisitions totaling $3,348, according to a recent SEC filing. The transactions, which took place on June 4, 2025, involved the purchase of multiple blocks of common stock at a price of $2.62 per share, near the current trading price of $2.61. The micro-cap fund, with a market capitalization of $18.31 million, has delivered impressive returns, gaining nearly 60% over the past year according to InvestingPro data.

Stahl’s purchases included 356 shares acquired directly, as well as additional shares purchased through various indirect ownership entities. These entities include Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Indirect purchases were made on behalf of these entities, and Stahl disclaims beneficial ownership beyond his financial interest. The company trades at an attractive P/E ratio of 3.3 and has demonstrated strong revenue growth of approximately 30% in the last twelve months.

The transactions have increased Stahl’s direct ownership to 85,338 shares, while his indirect holdings, through the various entities, reflect additional shares. The filing highlights the continued investment by Stahl in RENN Fund, reflecting his significant involvement and interest in the company’s performance. InvestingPro analysis reveals several more key insights about RCG’s financial health and market position. Get access to the complete Pro Research Report, along with detailed financial metrics and expert analysis, through an InvestingPro subscription.

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