Renn fund president Murray Stahl buys $3,222 in stock

Murray Stahl, President and CEO of RENN Fund, Inc. (NYSE:), precocious acquired shares successful the company, according to a filing with the Securities and Exchange Commission. On January 17, 2025, Stahl purchased a full of 1,198 shares of RENN Fund's communal banal astatine $2.69 per share, amounting to astir $3,222. The acquisition comes arsenic RCG shows beardown momentum, with the banal up 66% implicit the past twelvemonth and trading adjacent its 52-week precocious of $2.85. InvestingPro information reveals the money has achieved awesome gross maturation of 21.5% successful the past 12 months.

The acquisitions were made crossed assorted accounts, including nonstop ownership and indirect ownership done entities specified arsenic Fromex Equity Corp, FRMO Corp, Horizon Common Inc., and Horizon Kinetics Hard Assets LLC. These transactions bespeak an summation successful Stahl's holdings successful the company, with a important information of the shares held indirectly. According to InvestingPro analysis, portion the money shows beardown terms momentum with a 49% summation implicit the past six months, investors should enactment its existent ratio of 0.16 indicates imaginable liquidity challenges. For broad insider trading patterns and further insights, subscribers tin entree much than 5 exclusive ProTips.

Stahl's nonstop ownership pursuing these transactions stands astatine 52,406 shares, portion the indirect ownership is dispersed crossed respective accounts, with the largest being 280,474 shares nether Horizon Common Inc. It is noted that Stahl disclaims beneficial ownership of these shares but to the grade of his pecuniary interest.

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