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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired additional shares in the company. According to a recent SEC filing, Stahl purchased a total of 1,274 shares of RENN Fund’s common stock on March 10, 2025, at a consistent price of $2.64 per share. This series of transactions amounted to a total investment of approximately $3,363. The purchase price sits well above the 52-week low of $1.52, with the stock showing impressive gains of 67% over the past year, according to InvestingPro data.
The acquisitions were spread across various accounts, including direct ownership and several indirect accounts linked to entities such as Horizon Kinetics Hard Assets LLC and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl holds 63,978 shares directly, with additional shares held indirectly through various entities. InvestingPro analysis shows the company has maintained strong revenue growth of 21.5% and demonstrates relatively low market volatility with a beta of 0.78.
These transactions highlight Stahl’s continued commitment to increasing his stake in RENN Fund, reflecting his confidence in the company’s future prospects. For deeper insights into RCG’s valuation and growth potential, InvestingPro subscribers can access additional exclusive tips and comprehensive financial analysis.
In other recent news, Richardson Wealth reported a 12% increase in revenue for the fourth quarter of 2024, reaching $96.9 million. The company also saw a 15% rise in fee revenue and a notable 20% increase in trading commissions. Corporate finance revenue experienced an 80% surge, although interest revenue decreased by 19% due to declining benchmark interest rates. The company remains focused on reaching $50 billion in assets under administration, highlighting its commitment to operational efficiency and advisor support. Additionally, Richardson Wealth launched new business intelligence tools aimed at enhancing advisor capabilities. The company continues to maintain a robust recruitment pipeline, with plans to further bolster its advisor base. Looking ahead, Richardson Wealth anticipates potential impacts on interest revenue from declining prime rates but remains committed to strategic growth initiatives.
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