Transaction overview
Murray Stahl, president and co-portfolio manager of RENN Fund, Inc. (RCG), reported the purchase of common stock on February 25, 2026. Stahl acquired a total of 1,134 shares at an execution price of $2.92 per share, bringing the total value of the transactions to $3,311.
The $2.92 purchase price represents a small premium relative to the fund's quoted share price of $2.86 at the time, and the fund has delivered an 11.67% return year-to-date.
Breakdown of purchases
The 1,134-share position was built through multiple transactions. Stahl himself directly acquired 360 shares. Indirect acquisitions were recorded as follows:
- 18 shares purchased by Stahl's spouse
- 180 shares purchased by Fromex Equity Corp.
- 180 shares purchased by FRMO Corp.
- 296 shares purchased by Horizon Common Inc.
- 18 shares purchased by Horizon Kinetics Hard Assets LLC
- 82 shares purchased by Horizon Kinetics Asset Management LLC
Post-transaction holdings and notes
Following these trades, Stahl directly holds 150,614 shares of RENN Fund, Inc. It is noted that the reported figures for the indirect accounts do not include the 150,614 shares held directly by Mr. Stahl.
Valuation and third-party scoring
The fund is trading at a price-to-earnings ratio of 5.48. On InvestingPro, RENN Fund carries a "GREAT" Financial Health score; the platform is cited as providing additional resources such as Fair Value analysis and comprehensive Pro Research Reports for those seeking further investment detail.
Contextual limitations
The report is limited to the transactions and metrics explicitly disclosed above. No additional claims or forecasts about future performance have been made in the disclosures provided.