Murray Stahl, who serves as President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE:RCG), reported a purchase of 1,134 shares of the fund's common stock on February 24, 2026. The filings show the shares were acquired at a per-share price of $2.90, putting the aggregate cost of the transaction at $3288.
The purchase was made through several separate transactions, according to the disclosure. At the time of the filing the security was trading close to its 52-week high of $3.00, with the most recent quoted price at $2.95.
The report also details Stahl's broader ownership position. He directly holds 150,254 shares of the company and has additional indirect ownership through multiple entities and relationships named in the filing. Those indirect holdings are listed as being held via his spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
Performance and valuation metrics for the fund are included in the disclosure. The fund has produced a 12% return year-to-date and the shares trade at a price-to-earnings ratio of 5.46. The filing further notes that InvestingPro evaluates the company’s financial health as "GREAT" and provides additional subscriber-only content.
The described acquisition is a modest addition relative to Stahl's existing direct stake, and was executed as the market price approached recent highs. The filing does not expand beyond the list of indirect holders or provide commentary on the motivation behind the trades.
Transaction details (as reported)
- Buyer: Murray Stahl, President and Co-Portfolio Manager, RENN Fund, Inc. (EXCHANGE:RCG)
- Date: February 24, 2026
- Shares purchased: 1,134 common shares
- Purchase price: $2.90 per share
- Total value: $3288
- Current quoted share price at filing: $2.95
- 52-week high: $3.00
- Direct shares held by Stahl after purchase: 150,254
- Indirect ownership through: spouse; Fromex Equity Corp.; FRMO Corp.; Horizon Common Inc.; Horizon Kinetics Hard Assets LLC; Horizon Kinetics Asset Management LLC
- Fund YTD return: 12%
- Fund P/E ratio: 5.46
- InvestingPro financial health rating: "GREAT"
The filing specifies the entities through which indirect ownership is held but does not quantify the sizes of those indirect stakes. The disclosure also confirms the purchase was completed via multiple transactions rather than a single block trade. No additional narrative or forward-looking statements accompany the filing.