Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has recently acquired additional shares in the company. According to a recent SEC filing, Stahl purchased a total of 1,238 shares of RENN Fund's common stock at a consistent price of $2.77 per share, near the stock's 52-week high of $2.85. This acquisition amounts to a total investment of $3,429.
The transactions, which took place on December 4, 2024, include both direct and indirect purchases. Directly, Stahl added 354 shares to his holdings. Additionally, indirect purchases were made through various entities, including shares held by his spouse and companies such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
Following these transactions, Stahl's direct ownership in RENN Fund now stands at 42,514 shares. The indirect ownership, which Stahl disclaims beneficial ownership of except to the extent of his pecuniary interest, includes shares across multiple accounts. This strategic move reflects Stahl's ongoing commitment and confidence in the company's future prospects.
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