Renn fund president Murray Stahl acquires $3,354 in common stock

Published 23/01/2025, 02:28 am
RCG
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Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently expanded his holdings in the company through several stock acquisitions. On January 21, 2025, Stahl acquired a total of 1,198 shares of common stock at a consistent price of $2.80 per share. This series of transactions amounted to a total investment of $3,354. The timing appears strategic, as InvestingPro data shows RCG has delivered impressive returns of 75% over the past year, with recent momentum continuing as the stock gained nearly 10% in the past week.

The purchases included direct acquisitions as well as shares acquired indirectly through various entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. Additionally, a portion of the shares was acquired in the name of Stahl's spouse. According to InvestingPro analysis, the company has shown strong fundamentals with revenue growth of 21.5% and maintains a solid gross profit margin of 100%, though investors should note its current ratio of 0.16 indicates tight liquidity.

These transactions increase Stahl's direct ownership in RENN Fund to 52,734 shares, with additional shares held indirectly through different entities, as noted in the filing. The stock currently trades near its 52-week high of $2.85, with additional insights and analysis available through InvestingPro, which features 8 more key investment tips for RCG.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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