Murray Stahl, serving as President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), completed a set of purchases on March 17, 2026, acquiring a combined 1,134 shares of common stock at $3.27 per share. The transactions, executed at a price that equals the fund's 52-week high, cost a total of $3,708 and occurred against the backdrop of a year-to-date rally that has lifted the stock roughly 24%.
Of the shares bought, Stahl directly purchased 360 shares, a move that increased his direct holdings to 155,654 shares. The remainder of the shares were acquired indirectly across a set of related accounts and entities. Specifically, purchases included 18 shares for his spouse; 180 shares for Fromex Equity Corp.; 180 shares for FRMO Corp.; 296 shares for Horizon Common Inc.; 18 shares for Horizon Kinetics Hard Assets LLC; and 82 shares for Horizon Kinetics Asset Management LLC.
In filings associated with these transactions, Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
Market data cited alongside the transactions shows RENN Fund trading at a price-to-earnings ratio of 28.3 and carrying a market capitalization of $22.4 million. These figures are drawn from InvestingPro, which is noted to track RCG among more than 1,400 U.S. equities and to offer comprehensive Pro Research Reports; the platform also lists seven additional ProTips and detailed financial analysis for subscribers.
The purchases were all buy transactions recorded on the single date noted, and the combined amount of 1,134 shares and total consideration of $3,708 are the only transactions disclosed in the filing for that date. Beyond the change in Stahl's direct holdings and the allocation of shares to related parties, the filings do not include further commentary from Stahl or additional contextual statements.
Summary of the trade
- Date: March 17, 2026
- Total shares purchased: 1,134
- Purchase price: $3.27 per share
- Total value: $3,708
- Direct shares added: 360 (direct holdings now 155,654)
- Indirect allocations: spouse (18), Fromex Equity Corp. (180), FRMO Corp. (180), Horizon Common Inc. (296), Horizon Kinetics Hard Assets LLC (18), Horizon Kinetics Asset Management LLC (82)