In a recent filing with the Securities and Exchange Commission, Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:RCG), reported the acquisition of common stock valued at $3,016. The transactions took place on December 5, 2024, with shares purchased at $2.60 each, near the stock's 52-week high of $2.85. According to InvestingPro data, RCG has delivered impressive returns, with the stock up 63% over the past six months.
Stahl's direct acquisition involved 354 shares, while indirect acquisitions were made through various entities associated with him, including Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. Additionally, a small number of shares were acquired by his spouse.
Following these transactions, Stahl's direct ownership stands at 42,868 shares, with additional shares held indirectly through the aforementioned entities. The filing underscores Stahl's ongoing investment in RENN Fund, reflecting his confidence in the company's prospects.
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