renn fund CEO Murray Stahl purchases $3,016 in frequent inventory

In a current submitting with the Securities and Trade Fee, Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), reported the acquisition of frequent inventory valued at $3,016. The transactions passed off on December 5, 2024, with shares bought at $2.60 every, close to the inventory’s 52-week excessive of $2.85. Based on InvestingPro knowledge, RCG has delivered spectacular returns, with the fill up 63% over the previous six months.

Stahl’s direct acquisition concerned 354 shares, whereas oblique acquisitions had been made via varied entities related to him, together with Fromex Fairness Corp, FRMO Corp, Horizon Widespread Inc., and Horizon Kinetics Arduous Belongings LLC. Moreover, a small variety of shares had been acquired by his partner.

Following these transactions, Stahl’s direct possession stands at 42,868 shares, with further shares held not directly via the aforementioned entities. The submitting underscores Stahl’s ongoing funding in RENN Fund, reflecting his confidence within the firm’s prospects.

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