Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE: RCG), just lately elevated his stakes within the firm by way of a collection of transactions. In keeping with a current SEC submitting, Stahl acquired a complete of 1,160 shares of RENN Fund widespread inventory at a worth of $2.73 per share, close to the 52-week excessive of $2.85. This acquisition represents a complete worth of roughly $3,166. The timing appears strategic, as RCG has generated spectacular returns with a year-to-date acquire of round 61%.
The transactions, dated December 6, 2024, replicate each direct and oblique holdings. On account of these acquisitions, Stahl now owns 43,222 shares instantly, with extra shares held not directly by way of varied entities, together with Fromex Fairness Corp, FRMO Corp, Horizon Frequent Inc. and Horizon Kinetics Arduous Property LLC.
Stahl's newest inventory purchases underscore its continued dedication to RENN Fund, Inc., additional aligning its pursuits with these of the corporate's shareholders.
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