In a recent transaction, Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), acquired additional shares of the company's common stock. According to the SEC filing, Stahl purchased a total of 1,190 shares at a consistent price of $2.55 per share, amounting to a total transaction value of $3,034. The purchase comes as RCG shows strong momentum, with the stock up 43% over the past six months and maintaining profitable operations with a basic EPS of $0.16.
The acquisitions were made across various accounts, both directly and indirectly, including those held by his spouse and several entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. After these transactions, Stahl's direct ownership stands at 48,142 shares, with additional shares held indirectly through the aforementioned entities.
These purchases reflect continued confidence and investment by Stahl in RENN Fund, reinforcing his significant stake in the company.
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