Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired a total of 1,274 shares of the company’s common stock on April 3, 2025. This purchase, recorded in an SEC filing, amounted to approximately $3,274, with shares purchased at a price of $2.57 each. The purchase comes as RCG shows strong momentum, with InvestingPro data showing a remarkable 50.5% return over the past year and revenue growth of nearly 30% in the last twelve months.
The transactions were executed directly and indirectly through various entities associated with Mr. Stahl. Following these acquisitions, Mr. Stahl holds 70,386 shares directly, with additional shares held indirectly through entities such as Fromex Equity Corp and Horizon Kinetics Asset Management LLC. These purchases reflect Mr. Stahl’s continued investment in RENN Fund, Inc. According to InvestingPro, the company maintains a FAIR financial health score, with two additional key ProTips available to subscribers, offering deeper insights into insider trading patterns and valuation metrics.
In other recent news, Richardson Wealth reported a 12% year-over-year increase in revenue for the fourth quarter of 2024, reaching $96.9 million. The company saw significant growth across various revenue streams, with fee revenue up by 15%, trading commissions rising by 20%, and corporate finance revenue jumping 80%. These results reflect Richardson Wealth’s strategic focus on enhancing operational efficiency and expanding its advisor support and recruitment efforts. The firm is also targeting $50 billion in assets under administration, indicating its ambition to grow further in the wealth management sector. Meanwhile, the company has launched new business intelligence tools for advisors, which are expected to support future growth. CEO Dave Kelly emphasized the importance of operational improvements and cost management as priorities moving forward. The company is also considering strategic acquisitions or partnerships as potential avenues for growth. As part of its growth strategy, Richardson Wealth continues to prioritize enhancing advisor support and recruitment, with a robust pipeline of advisors attracted to its culture and brand.
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