Renn fund president Murray Stahl acquires $2,973 in inventory

Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), has elevated his stake within the firm by means of a sequence of inventory purchases. In response to a latest SEC submitting, Stahl acquired a complete of 1,194 shares of RENN Fund frequent inventory on January 3, 2025, at a constant value of $2.49 per share, close to the inventory’s 52-week excessive of $2.85. This transaction quantities to a complete funding of roughly $2,973. The timing seems strategic, as InvestingPro information exhibits RCG has delivered a powerful 46% return over the previous yr, with significantly sturdy momentum in latest months.

The acquisitions had been made each straight and not directly, with shares being held by entities related to Stahl, together with Fromex Fairness Corp, FRMO Corp, Horizon Widespread Inc., and Horizon Kinetics Asset Administration LLC, amongst others. Notably, Stahl additionally made purchases on behalf of his partner. The corporate has proven sturdy monetary efficiency, with income development of 21.5% within the final twelve months, although InvestingPro evaluation signifies some considerations concerning short-term liquidity with a present ratio of 0.16.

After these transactions, Stahl straight owns 49,454 shares, whereas extra shares are held not directly by means of varied entities. It is essential to notice that Stahl disclaims useful possession of the not directly held shares, besides to the extent of his pecuniary curiosity. With a beta of 0.72, RCG exhibits decrease volatility in comparison with the broader market. Subscribers to InvestingPro can entry extra insights, together with 6 key funding ideas and detailed valuation metrics.

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