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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has made several purchases of the company’s common stock, according to a recent SEC filing. On March 20, 2025, Stahl acquired a total of 1,274 shares at a consistent price of $2.72 per share, near the stock’s 52-week high of $2.88. The total value of these transactions amounts to approximately $3,465. The stock has shown remarkable momentum, delivering a 69% return over the past year and 34% over the last six months, according to InvestingPro data.
The acquisitions were made across various accounts, both directly and indirectly, including shares held by entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. With a beta of 0.78 and revenue growth of 30% in the last twelve months, RCG shows promising fundamentals. InvestingPro subscribers can access detailed insider trading patterns and 6 additional ProTips for deeper analysis. Notably, Stahl also acquired shares indirectly through a spousal account. Following these transactions, Stahl’s direct ownership stands at 66,826 shares, with additional shares held indirectly through various entities.
In other recent news, Richardson Wealth has reported a robust financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company experienced significant growth in fee revenue, which rose by 15%, and trading commissions, which surged by 20%. Additionally, corporate finance revenue jumped by an impressive 80%, although interest revenue saw a decline due to falling benchmark interest rates. Richardson Wealth is focusing on reaching $50 billion in assets under administration, emphasizing advisor support and operational improvements. The company has also launched new business intelligence tools for advisors to enhance their service offerings. Analyst firms have not provided specific upgrades or downgrades recently, but the company’s strategic direction remains centered on growth and innovation. These developments are part of Richardson Wealth’s ongoing commitment to maintaining its position as a leading independent wealth management firm in Canada.
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