Murray Stahl, who serves as President and Co-Portfolio Manager at RENN Fund, Inc. (RCG), made an insider purchase on March 2, 2026, acquiring 1,134 shares of RCG common stock at a unit price of $2.88. The aggregate cost of the transaction was $3,265.
The purchase was split between direct and indirect channels. Stahl directly purchased 360 shares. Additional shares were acquired indirectly through affiliated parties and entities: 18 shares via his 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 the transaction, Stahl is reported to directly hold 151,694 shares. The filing also indicates indirect holdings through multiple entities, and notes that Stahl disclaims beneficial ownership except to the extent of his pecuniary interest.
The transaction took place while RCG was trading at $2.88, a level close to its 52-week high of $3.00. The share price performance has been positive in recent periods, with a 14% year-to-date return and a gain of nearly 11% over the past three months. Additional company-level metrics noted in the filing include a price-to-earnings ratio of 5.51 and a market capitalization of $20.24 million. The company is also reported to have produced a strong three-month return and to be profitable over the last twelve months.
The structure of the purchase highlights a combination of direct buying and acquisition through a set of related entities. The filing’s language on beneficial ownership clarifies that the indirect positions are held through those entities and that Stahl limits his beneficial ownership claim to his pecuniary interest. The purchase amount itself represents a relatively modest cash outlay relative to Stahl’s total direct holdings.
Investors monitoring insider activity will note the timing of the purchases and the detailed breakdown of the entities involved. The disclosure provides concrete figures on share counts and price, while ownership statements in the filing define the extent of Stahl’s direct and indirect positions.
Contextual note: The data above reflects the transaction details reported in the filing and the market metrics cited in the same disclosure.