Renn fund’s president and CEO Murray Stahl buys $3,427 in shares

Murray Stahl, the president and CEO of RENN Fund, Inc. (NYSE:RCG), has increased his stake in the company through a series of stock purchases. According to a recent SEC filing, Stahl acquired a total of 1,274 shares of RENN Fund’s common stock on March 17, 2025, at a consistent price of $2.69 per share, near the stock’s 52-week high of $2.88. The transactions amounted to a total value of approximately $3,427. InvestingPro data shows the stock has delivered an impressive 70.9% return over the past year, with revenue growing nearly 30%.

These acquisitions were made across various accounts, including direct ownership and several indirect accounts associated with entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. The filing notes that Stahl disclaims beneficial ownership of shares held in indirect accounts, except to the extent of his pecuniary interest. According to InvestingPro, the company maintains a FAIR financial health score, with additional insights available in the comprehensive Pro Research Report.

Following these transactions, Stahl’s direct and indirect holdings in RENN Fund have increased, reflecting his continued confidence in the company’s prospects. The stock has shown strong momentum, gaining 38.1% over the past six months. InvestingPro subscribers can access additional ProTips and detailed metrics to better understand this investment opportunity.

In other recent news, Richardson Wealth reported robust financial results for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company demonstrated significant growth in fee revenue, which rose by 15%, and trading commissions, which increased by 20%. Additionally, corporate finance revenue saw an impressive 80% rise due to higher structured note-related fees. The company is aiming to achieve $50 billion in assets under administration (AUA), building on its current AUA of $39.5 billion, which increased by $4.3 billion over the year. Richardson Wealth is focused on enhancing advisor support and recruitment, with plans to continue integrating technology and improving operational efficiency. The company also launched new business intelligence tools for advisors, highlighting its commitment to innovation. Analysts from firms like Cormark Securities are closely monitoring the company’s efforts to improve operations and advisor support. Looking ahead, Richardson Wealth is considering strategic acquisitions or partnerships as potential avenues for growth.

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