Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), has increased his holdings in the company through a series of stock purchases. According to a recent SEC filing, Stahl acquired a total of 1,238 shares of common stock on November 27, 2024, at a price of $2.53 per share. This acquisition amounts to a total investment of approximately $3,132. The purchase comes amid strong momentum for RCG, which has delivered a remarkable 57% return over the past six months and is trading near its 52-week high of $2.85.
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The transactions include direct ownership as well as indirect ownership through various entities such as Fromex Equity Corp, FRMO Corp, Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Following these transactions, Stahl holds a total of 41,098 shares directly, with additional shares held indirectly through the aforementioned entities.
These transactions are part of Stahl's ongoing investment activities in RENN Fund, reflecting his continued confidence in the company's prospects.
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