Murray Stahl, who serves as President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), reported the purchase of 1,134 shares of the fund's common stock on March 12, 2026. The shares were bought at a per-share price of $3.01, producing an aggregate transaction value of $3,413.
The acquisition occurred while RCG shares were trading close to their 52-week high of $3.09; the stock was at $3.06 at the time of reporting and has risen 17.9% year-to-date. The filings indicate the shares were acquired through a combination of accounts and entities: Stahl's direct holdings, indirect holdings through his spouse, and several corporate vehicles, including Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
The company referenced by the ticker RCG is described as a fund with a market capitalization of $21.5 million. Separate subscriber services are noted: InvestingPro subscribers reportedly have access to five additional tips specific to RCG as well as a full Pro Research Report on the fund.
This report lists the mechanics of the transaction and the entities involved but does not provide a statement of intent from Stahl or additional commentary regarding the strategic rationale behind the purchases. Nor does it include any forward-looking guidance about future buying or selling activity tied to these holdings.
Context and transactional detail
- Buyer: Murray Stahl, President and Co-Portfolio Manager, RENN Fund, Inc. (RCG)
- Shares acquired: 1,134 common shares
- Purchase date: March 12, 2026
- Price per share: $3.01
- Total transaction value: $3,413
- Reported share price at time of report: $3.06; 52-week high: $3.09; YTD change: +17.9%
- Acquisition vehicles: direct and indirect holdings, spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, Horizon Kinetics Asset Management LLC
- Fund market capitalization noted: $21.5 million