Renn fund’s president and CEO Murray Stahl buys $2,886 in shares

Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), has made a number of purchases of frequent inventory, in line with a latest SEC submitting. On December 20, Stahl acquired a complete of 1,164 shares at a value of $2.48 per share, amounting to a complete funding of $2,886. The acquisition comes as RCG reveals sturdy momentum, with the replenish over 51% previously six months and buying and selling close to its 52-week excessive of $2.85.

The transactions embody direct possession of 330 shares and oblique possession by way of numerous entities comparable to Fromex Fairness Corp, FRMO Corp, Horizon Frequent Inc., and Horizon Kinetics Asset Administration LLC. Moreover, 8 shares had been acquired not directly by his partner. Following these transactions, Stahl’s direct possession stands at 46,774 shares, with additional holdings throughout completely different oblique accounts. In accordance with InvestingPro, RCG has demonstrated stable fundamentals with 21.5% income progress and maintains a FAIR monetary well being rating, although buyers ought to notice that short-term obligations exceed liquid belongings.

These acquisitions mirror Stahl’s continued funding in RENN Fund, a Texas-incorporated firm, as he maintains each direct and oblique stakes within the agency. For deeper insights into RCG’s valuation and extra evaluation, InvestingPro subscribers can entry 4 extra unique ProTips and complete monetary metrics.

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