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Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired shares in the company, according to a recent SEC filing. On January 27, 2025, Stahl purchased a total of 1,216 shares of RENN Fund’s common stock at a price of $2.77 per share, amounting to a total investment of $3,368. 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 included direct acquisitions as well as purchases made indirectly through entities associated with Stahl, such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. Additionally, some shares were acquired indirectly through his spouse. InvestingPro analysis reveals the company maintains a FAIR financial health score, though investors should note its current ratio of 0.16 indicates potential liquidity challenges.
Following these transactions, Stahl holds 54,046 shares directly, with additional shares held indirectly through various entities. The filing reflects Stahl’s ongoing interest in RENN Fund, Inc., where he serves not only as President and CEO but also holds positions as a director and a ten-percent owner. The company has demonstrated solid growth, with revenue increasing by 21.53% in the last twelve months. For deeper insights into insider trading patterns and additional financial metrics, consider subscribing to InvestingPro.
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