Renn fund president Murray Stahl buys $3,222 in inventory

Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), not too long ago acquired shares within the firm, in line with a submitting with the Securities and Alternate Fee. On January 17, 2025, Stahl bought a complete of 1,198 shares of RENN Fund’s widespread inventory at $2.69 per share, amounting to roughly $3,222. The acquisition comes as RCG exhibits robust momentum, with the top off 66% over the previous 12 months and buying and selling close to its 52-week excessive of $2.85. InvestingPro knowledge reveals the fund has achieved spectacular income development of 21.5% within the final twelve months.

The acquisitions had been made throughout numerous accounts, together with direct possession and oblique possession by means of entities reminiscent of Fromex Fairness Corp, FRMO Corp, Horizon Widespread Inc., and Horizon Kinetics Onerous Property LLC. These transactions replicate a rise in Stahl’s holdings within the firm, with a good portion of the shares held not directly. Based on InvestingPro evaluation, whereas the fund exhibits robust worth momentum with a 49% acquire over the previous six months, buyers ought to word its present ratio of 0.16 signifies potential liquidity challenges. For complete insider buying and selling patterns and extra insights, subscribers can entry greater than 5 unique ProTips.

Stahl’s direct possession following these transactions stands at 52,406 shares, whereas the oblique possession is unfold throughout a number of accounts, with the most important being 280,474 shares underneath Horizon Widespread Inc. It’s famous that Stahl disclaims useful possession of those shares besides to the extent of his pecuniary curiosity.

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