Murray Stahl, President and Co-Portfolio Manager at RENN Fund (EXCHANGE: RCG), disclosed an insider purchase of common stock executed on April 2, 2026. The total consideration for the transactions was $3,708, at an executed price of $3.27 per share.
The disclosure shows Stahl acquired 1,134 shares in aggregate through several transactions that combined direct and indirect ownership. A direct purchase of 360 shares was reported, which raised Stahl's reported direct holdings to 159,968 shares.
The balance of the shares was acquired indirectly through a set of affiliated or related accounts. The indirect purchases were recorded as follows: 18 shares via Stahl's spouse, 180 shares through Fromex Equity Corp., 180 shares through FRMO Corp., 296 shares via Horizon Common Inc., 18 shares through Horizon Kinetics Hard Assets LLC, and 82 shares through Horizon Kinetics Asset Management LLC.
The insider buying occurred against a backdrop of recent fund performance. RENN Fund has returned 34% over the past year and delivered a 24% gain year-to-date. InvestingPro Tips notes the fund has posted strong returns over the last three months and remains profitable over the most recent twelve-month window. At the time of the insider purchase disclosure, the stock was trading at $3.01, which is slightly below the $3.27 purchase price paid by Stahl.
InvestingPro also maintains a Pro Research Report on RCG as part of its coverage universe of more than 1,400 U.S. equities. The report and the InvestingPro Tips summary were referenced in the disclosure to contextualize recent performance metrics.
All transaction amounts, share counts, and entity names are reported as disclosed in the filing for April 2, 2026. The mix of direct and indirect purchases and the timing relative to recent returns are noted facts from the disclosure.
Clear summary
Murray Stahl purchased 1,134 RCG shares on April 2, 2026, for a total of $3,708 at $3.27 per share. The purchase included a 360-share direct buy that raised Stahl's direct holdings to 159,968 shares, plus multiple indirect purchases through family and affiliated entities. The trade occurred while RENN Fund has reported strong recent returns, and the stock was trading at $3.01 at the time of reporting.