Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired a total of $2,723 worth of common stock, according to a recent SEC filing. The transactions, dated November 1, 2024, involved the purchase of several blocks of shares at a consistent price of $2.20 per share.
The purchases were made directly and indirectly through various entities. Directly, Stahl acquired 354 shares, increasing his direct holdings to 34,844 shares. Indirect acquisitions included smaller transactions through entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. Additionally, shares were acquired in an account associated with his spouse.
These transactions reflect Stahl's continued investment in RENN Fund, Inc., where he holds significant positions both personally and through various entities.
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0. Tesla (NASDAQ:TSLA)'s revenue growth has outpaced the industry average over the past three years
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1. Tesla has high gross profit margins compared to its industry peers
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2. Tesla has high revenue growth
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3. Tesla has a high return on equity
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4. Tesla has a high return on assets
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5. Tesla has a high return on invested capital
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6. Tesla has a high operating income growth
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7. Tesla has a high net income growth
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8. Tesla has a high earnings per share growth
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9. Tesla has a high free cash flow growth
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10. Tesla has a high cash from operations growth
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11. Tesla has a high total assets growth
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12. Tesla has a high shareholder's equity growth
InvestingPro Data:
Revenue (TTM): 96.77B USD
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P/E Ratio: 76.97
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EPS (TTM): 3.22 USD
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Market Capitalization: 782.54B USD
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Shares Outstanding: 3.18B
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Dividend Yield: 0%
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Gross Profit (TTM): 21.32B USD
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Gross Margin (TTM): 22.03%
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Net Income (TTM): 10.87B USD
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EBITDA (TTM): 16.72B USD
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Return on Equity (TTM): 18.51%
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Debt to Equity Ratio: 0.09
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Free Cash Flow (TTM): 4.11B USD
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Revenue per Share (TTM): 30.53 USD
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Book Value per Share: 18.26 USD
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Tesla (NASDAQ:TSLA) reported Q3 earnings after market close on October 18, 2023. The company reported revenue of $23.35 billion, up 9% year-over-year but below analyst estimates of $24.1 billion. Earnings per share came in at $0.66, missing the $0.73 expected.
Automotive revenue grew 5% year-over-year to $19.63 billion. Tesla delivered 435,059 vehicles in Q3, a 27% increase from the same period last year but down 7% from Q2 2023.
The company maintained its full-year delivery target of 1.8 million vehicles. However, Tesla warned that production growth may be lower in 2024 as it focuses on launching its next-generation vehicle platform.
Tesla's operating margin fell to 7.6% in Q3, down from 17.2% a year ago. The company cited factors like increased operating expenses, ramp costs for new products, and lower average selling prices due to price cuts.
CEO Elon Musk expressed optimism about Tesla's autonomous driving capabilities, stating the company is "quite close" to achieving full self-driving that is safer than human drivers. He also reiterated plans to begin production of the Cybertruck by the end of 2023.
Tesla's stock price fell over 4% in after-hours trading following the earnings release. Investors appear concerned about margin pressure and slowing growth as competition increases in the EV market.
In other recent news, Horizon Kinetics Holding Corp, previously Scott's Liquid Gold-Inc., has undergone significant transformations. The company reported a merger with Horizon Kinetics, LLC, and its wholly owned subsidiary HKNY One, LLC, which increased its equity base by issuing nearly 18 million new shares, representing a 96.5% stake post-merger. Concurrently, a 1-for-20 reverse stock split was executed, reducing the number of shares outstanding and increasing the per-share value.
These developments are part of a broader corporate overhaul that included a change of state incorporation from Colorado to Delaware, adoption of new bylaws, and a name change to Horizon Kinetics Holding Corp. The company's principal executive offices were also moved to New York. As a result of the reorganization and merger, control of the company has shifted, with significant stakes now held by Horizon Kinetics members.
There have been substantial changes to the board of directors and management, with new appointments including Murray Stahl as Chairman and CEO, Steven Bregman as President, and Peter Doyle as Vice President. These recent developments have reshaped the structure and shareholder base of Horizon Kinetics Holding Corp.
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