Murray Stahl, who serves as President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE: RCG), completed the acquisition of 1,134 common shares on March 16, 2026. The shares were bought at $3.05 apiece, bringing the total cash outlay for the transaction to $3,458.
The purchase occurred while the stock was trading near its 52-week high - noted at $3.18 - and at a quoted price of $3.27 at the time the information was reported, a level that corresponds to an approximate year-to-date return of 24%.
The transaction was executed through a combination of direct and indirect purchases. Stahl acquired 360 shares in his own name. Additional shares were acquired indirectly across several related parties and entities: 18 shares were recorded through a spouse, 180 shares through Fromex Equity Corp., 180 shares through FRMO Corp., 296 shares via Horizon Common Inc., 18 shares through Horizon Kinetics Hard Assets LLC, and 82 shares through Horizon Kinetics Asset Management LLC.
Following these trades, Stahl's direct ownership position stands at 155,294 shares. The filing also indicates that he retains further indirect interests through the various affiliated entities listed above.
For market participants monitoring insider activity in RENN Fund - a fund with a reported market capitalization of $22.9 million - additional analysis and metrics are available through InvestingPro, which offers further ProTips and financial-health metrics, including an overall rating described as GOOD.
Transaction breakdown
- Transaction date: March 16, 2026
- Shares acquired: 1,134
- Price per share: $3.05
- Total value: $3,458
- Direct purchase: 360 shares
- Indirect purchases: 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)
Context and availability of further data
The filing specifies Stahl's direct holding after the transaction and notes the presence of indirect ownership through multiple entities. Investors seeking additional detail on metrics and analytical context for this $22.9 million market-cap fund can consult the InvestingPro resources referenced in the filing for more ProTips and financial health indicators.