Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
In a recent series of transactions reported on April 9, 2025, Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), acquired additional shares in the company. According to the SEC filing, Stahl purchased a total of 1,274 shares of RENN Fund's common stock at a consistent price of $2.32 per share, slightly below the current trading price of $2.38. This acquisition amounts to a total investment of approximately $2,955. The fund has shown remarkable performance, with a 55.76% return over the past year and maintains a conservative beta of 0.52.
The transactions reflect purchases made both directly and indirectly, with shares acquired through various entities including Fromex Equity Corp, FRMO Corp, and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl's direct ownership stands at 71,810 shares, with additional shares held indirectly through different accounts.
These transactions highlight Stahl's continued investment in RENN Fund, reinforcing his position as a significant stakeholder.
In other recent news, Richardson Wealth reported a strong financial performance for the fourth quarter of 2024, with revenue increasing by 12% year-over-year to $96.9 million. The company saw a 15% rise in fee revenue and a notable 20% increase in trading commissions. Corporate finance revenue surged by 80%, although interest revenue saw a decline due to lower benchmark interest rates. Richardson Wealth is targeting $50 billion in assets under administration (AUA) as part of its growth strategy, with a focus on enhancing advisor support and recruitment. The company also launched new business intelligence tools for advisors to aid in this growth. Despite some challenges, such as potential impacts from global economic conditions and declining prime rates, the firm remains committed to operational efficiency. Analyst feedback from firms like Cormark Securities indicates ongoing efforts to improve advisor operations and recruitment are crucial for future success.
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