Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), recently acquired a total of $3,050 worth of common stock in a series of transactions on December 10, 2024. The shares were purchased at a price of $2.63 each, near the stock's 52-week high of $2.85. The company has shown strong momentum, delivering a 55% return over the past year and revenue growth of 21.5%.
The acquisitions involved multiple transactions, with shares being added to both direct and indirect holdings. After these transactions, Stahl directly owns 43,930 shares. Additionally, the purchases were made through various entities, including Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC, among others.
In total, the transactions added several hundred shares to his direct and indirect holdings, demonstrating continued investment in the company. This move by the CEO might be seen as a vote of confidence in the company's future prospects.
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