Transaction overview
Renn Fund, Inc. (RCG) President and Co-Portfolio Manager Murray Stahl reported a purchase of common stock on March 3, 2026. The filing shows Mr. Stahl acquired 1,134 shares at a price of $2.90 per share, for an aggregate cost of $3,288.
Price context
At the time of the filing the companys shares were trading at $2.88, a level noted as being near the stocks 52-week high of $3.00. The shares have recorded a 14% year-to-date gain.
Breakdown of the purchases and holdings
The reported transactions comprised both direct and indirect purchases. The filing indicates a direct purchase of 360 shares by Mr. Stahl, which increased his direct ownership to 152,054 shares. Additional shares were acquired indirectly through several entities associated with Mr. Stahl, including his spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
Indirect holdings after the transaction
- 5,552 shares held by spouse
- 133,788 shares held by Fromex Equity Corp.
- 319,040 shares held by FRMO Corp.
- 360,754 shares held by Horizon Common Inc.
- 11,628 shares held by Horizon Kinetics Hard Assets LLC
- 66,630 shares held by Horizon Kinetics Asset Management LLC
The filing states that Mr. Stahl disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
Profitability and research note
According to InvestingPro Tips, Renn Fund has been profitable over the past twelve months and has delivered strong returns over the most recent three-month period. The InvestingPro platform is described as providing access to additional tips and in-depth Pro Research Reports for Renn Fund and more than 1,400 other U.S. equities.
Note on available information
The filing provides the transactional details and the post-transaction ownership picture described above. The reporting statement and the InvestingPro summary are the basis for the factual details in this report.