Murray Stahl, who serves as President and Co-Portfolio Manager of RENN Fund, Inc. (EXCHANGE: RCG), reported an insider purchase in a recent Form 4 filing. The disclosure records that on March 10, 2026, Stahl acquired 1,134 shares of RENN Fund common stock at a per-share price of $2.93. The aggregate cost for these transactions was $3,322.
The purchase price reported in the filing compares with a market quote of $3.06 for RENN Fund common shares at the time of the filing, representing a modest gain relative to Stahl's purchase price. InvestingPro data cited in the filing notes that RCG is trading near a 52-week high of $3.01 and that the shares are up by over 16% year-to-date.
The Form 4 specifies that the acquisitions were effected through a number of entities affiliated with Stahl. Those named include Stahl's spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
The filing is limited to the transaction details listed above and does not include additional commentary from Stahl or the fund. For investors seeking further analysis, the filing references InvestingPro resources, including a Pro Research Report that is available through that service.
Below are the salient facts from the reported transaction and the contextual market information provided in the filing and referenced data.
Transaction details
- Date of acquisition: March 10, 2026
- Shares acquired: 1,134
- Price per share: $2.93
- Total transaction value: $3,322
Market context (as noted in filing)
- Reported market price at time of filing: $3.06
- Proximate 52-week high (InvestingPro): $3.01
- Year-to-date change (InvestingPro): up over 16%
The Form 4 provides a clear record of the purchase and the channels through which it was executed, but contains no further explanation of intent or broader strategic context. Readers who want additional performance or valuation metrics were directed in the filing to InvestingPro resources.