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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), has expanded his holdings in the company. According to a recent SEC filing, Stahl purchased a total of 1,242 shares of RENN Fund common stock on January 29, 2025. The shares were acquired at a consistent price of $2.80 each, amounting to a total investment of $3,477. The purchase comes as RCG shows strong momentum, with the stock up over 70% in the past year and trading near its 52-week high of $2.88.
The transactions reflect direct and indirect acquisitions, with shares being attributed to various entities associated with Stahl, including his spouse, Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. The purchases have increased Stahl’s direct and indirect ownership in the company, with a notable direct holding of 54,702 shares.
These transactions highlight Stahl’s continued confidence in the RENN Fund, as he maintains a significant stake in the company.
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