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), has recently acquired a total of $3,325 worth of common stock, according to a recent SEC filing. The transactions, executed on March 25, 2025, involved the purchase of several small blocks of shares, all at a price of $2.61 per share. The purchase comes as RCG shows strong momentum, with the stock delivering a 64.5% return over the past year and trading near its 52-week high of $2.88.
The filing detailed multiple acquisitions by Stahl, including 356 shares purchased directly, adding to his direct ownership of 67,894 shares. Additionally, smaller transactions were reported involving indirect ownership through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. According to InvestingPro data, RCG has demonstrated solid fundamentals with 30% revenue growth in the last twelve months, while maintaining a FAIR overall financial health score.
These acquisitions reflect Stahl’s continued investment in RENN Fund, a company with a history of name changes, previously known as RENN Global Entrepreneurs Fund, Inc., and Renaissance Capital Growth & Income Fund III Inc.
Stahl’s transactions are noteworthy for investors tracking insider activity within the company, as they signal confidence in the fund’s prospects.
In other recent news, Richardson Wealth reported a robust financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to reach $96.9 million. The company also saw a 15% rise in fee revenue and a notable 20% increase in trading commissions. Additionally, corporate finance revenue surged by 80%, while interest revenue experienced a decline due to lower benchmark interest rates. Despite these fluctuations, Richardson Wealth continues to focus on growth, aiming for $50 billion in assets under administration. The firm’s efforts to enhance advisor support and recruitment are central to its strategy, as highlighted by CEO Dave Kelly. The company also introduced new business intelligence tools to aid advisors in their operations. Analyst firms have yet to provide recent upgrades or downgrades for Richardson Wealth, but the company’s strategic direction remains focused on leveraging technology and improving operational efficiency.
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