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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSEAMERICAN:RCG), has acquired additional shares in the company, according to a recent SEC filing. On February 20, 2025, Stahl purchased a total of 1,242 shares of RENN Fund’s common stock at a consistent price of $2.80 per share, amounting to a total transaction value of $3,477. The purchase comes as RCG shows strong momentum, with the stock delivering a 71% return over the past year and trading near its 52-week high of $2.88.
The acquisition involved multiple transactions, including direct and indirect purchases. The direct acquisition included 328 shares, while the remaining shares were acquired indirectly through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. According to InvestingPro data, RCG has demonstrated solid financial performance with 21.5% revenue growth and maintains a FAIR overall financial health rating.
This latest acquisition increases Stahl’s direct ownership to 59,818 shares, with additional shares held indirectly through various entities. The transactions reflect ongoing confidence in the company’s prospects as Stahl continues to expand his holdings in RENN Fund. InvestingPro analysis reveals additional insights about RCG’s valuation and growth prospects, with 6 key tips available for subscribers.
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