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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired a total of $3,465 worth of the company’s common stock. The transactions, which took place on February 5, 2025, involved the purchase of several blocks of shares at prices ranging from $2.79 to $2.80 per share, near the stock’s 52-week high of $2.88. The purchase comes amid strong momentum, with RCG delivering an impressive 72% return over the past year.
The acquisitions were made through both direct and indirect ownership channels. Directly, Stahl added 328 shares to his holdings. Indirectly, shares were acquired through various entities, including his spouse and several corporate entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. According to InvestingPro, RCG has shown strong financial performance with revenue growth of 21.5% in the last twelve months. Subscribers can access 6 additional ProTips and comprehensive financial metrics for deeper analysis.
Following these transactions, Stahl’s direct ownership amounts to 56,346 shares, while additional shares are held indirectly. It’s noted that Stahl disclaims beneficial ownership for the indirect shares except for his pecuniary interest.
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