Summary
Murray Stahl, who serves as President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE: RCG), purchased 1,134 shares of the fund's common stock on February 20, 2026. The shares were bought at $2.84 each, resulting in an aggregate purchase price of $3,220. At the time the data was reported, RCG was trading at $2.87, roughly 1% under its 52-week peak of $2.88.
Transaction details
The disclosed activity consists entirely of purchases executed on the same date. The 1,134 shares were acquired across multiple transactions; some were held directly by Stahl, while others were purchased indirectly through a set of affiliated accounts and entities. The total value of these acquisitions is reported as $3,220.
Following these transactions, Stahl's direct ownership stands at 149,534 shares. Indirect holdings tied to Stahl include positions held through his spouse and several entities: Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
Context on the share price
The reported purchase price of $2.84 per share sits just below the current trading price indicated at $2.87. That trading level is noted as about 1% under the 52-week high of $2.88, suggesting the buy occurred at a price close to recent highs.
Key points
- Murray Stahl acquired 1,134 shares of RCG common stock on February 20, 2026, at $2.84 per share, totaling $3,220.
- The stock was trading at $2.87 at the time of the report, approximately 1% below its 52-week high of $2.88.
- Stahl now holds 149,534 shares directly; additional indirect holdings are recorded through his spouse and several corporate entities.
Risks and uncertainties
- The disclosures show purchases executed both directly and indirectly but do not provide motive or intended holding period for the acquired shares.
- The price paid was close to the recent 52-week high; the report does not indicate any subsequent trading activity or how market movements might affect the position.
- Indirect holdings are held through multiple entities, which adds complexity to assessing total beneficial ownership and associated voting or control considerations.
Where to find further disclosure
The filing details identify the entities through which indirect holdings are held. For investors seeking expanded valuation or performance metrics on RCG, comprehensive research reports and company filings may provide additional detail.
This article reports the facts as disclosed regarding the insider transactions and holdings; it does not attempt to interpret motivation or predict market moves.