Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently reported a series of stock purchases totaling $3,330. The transactions, dated January 23, 2025, involved the acquisition of common stock at a price of $2.78 per share. The stock has shown remarkable momentum, delivering a 69% return over the past year and nearly 59% over the last six months, according to InvestingPro data.
The purchases were made across several accounts, including direct ownership and indirect ownership through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Asset Management LLC. Additionally, some shares were acquired in accounts associated with Mr. Stahl's spouse. The company maintains a FAIR financial health score and has achieved 21.5% revenue growth in the latest reporting period.
Following these transactions, Mr. Stahl's direct ownership stands at 53,390 shares, while various indirect accounts hold additional shares, though Mr. Stahl disclaims beneficial ownership of these except to the extent of his pecuniary interest. InvestingPro subscribers can access additional insights, including 6 more key investment tips and comprehensive insider trading analysis.
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