Murray Stahl, the President and CEO of RENN Fund, Inc. (NYSE:RCG), has acquired additional shares of the company, according to a recent SEC filing. On January 15, 2025, Stahl purchased a total of 1,198 shares of common stock at a price of $2.57 per share, amounting to a total transaction value of approximately $3,078. The purchase comes as RCG shows strong momentum, with the stock up over 54% in the past year and trading near its 52-week high of $2.85, according to InvestingPro data.
The acquisitions were made across various accounts, including direct ownership and several indirect accounts associated with entities such as Horizon Kinetics Asset Management LLC and Horizon Kinetics Hard Assets LLC. Notably, the transactions increased Stahl's direct and indirect holdings in RENN Fund, Inc., reflecting ongoing investment interest in the company.
Stahl's transactions did not involve any equity swaps, and the shares were acquired as part of routine market purchases. The filing provides a detailed account of the shares acquired across different ownership structures, underscoring his continued engagement with the company.
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