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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired additional shares of the company’s common stock. According to a recent filing, Stahl purchased a total of 1,274 shares on April 29, 2025, at a price of $2.49 per share, which amounts to a total investment of approximately $3,172. The stock, currently trading at $2.52, has delivered impressive returns with a 53.57% gain over the past year and trades at an attractive P/E ratio of 3.06. InvestingPro analysis reveals strong revenue growth of nearly 30% in the last twelve months.
The transactions included direct purchases as well as acquisitions through various entities associated with Stahl. The shares acquired are held both directly and indirectly through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Notably, the direct ownership by Stahl stands at 76,438 shares, with additional shares held through the mentioned entities. With a market capitalization of just $16.98 million, RENN Fund represents a micro-cap investment vehicle. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed research available on InvestingPro.
These acquisitions reflect Stahl’s ongoing commitment to increasing his stake in RENN Fund, Inc., a company in which he plays a significant leadership role.
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, trading commissions, and corporate finance revenue, which rose by 15%, 20%, and 80% respectively. Richardson Wealth also launched new business intelligence tools for advisors, aiming to achieve $50 billion in assets under administration (AUA). The company is focusing on operational improvements and cost management as part of its strategic growth initiatives. Additionally, Richardson Wealth’s President and CEO, Dave Kelly, highlighted the firm’s ongoing commitment to enhancing advisor support and recruitment. The company ended the year with $39.5 billion in AUA, up $4.3 billion from the previous year. Looking forward, Richardson Wealth anticipates that interest revenue may be impacted by declining prime rates, but remains committed to maintaining operational efficiency. The firm is also exploring strategic acquisitions or partnerships to further drive growth.
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