Horizon Kinetics Asset Management LLC reported making an acquisition of common stock in RENN Fund, Inc., which trades on OTC markets under the ticker symbol RCG. This transaction was formally recorded on June 2, 2026.
The investment adviser purchased shares totaling $2,048 at a per-share price of $2.71. Specifically, this purchase involved acquiring 756 shares of RENN Fund common stock. Following the completion of this transaction, Horizon Kinetics Asset Management LLC's direct holdings in the company’s common stock increased to 913,764 shares.
The market data for RENN Fund provides several metrics for analysis. Currently, the fund trades at $2.75 per share. Its total market capitalization stands at $19.29 million. Furthermore, the fund maintains a Price-to-Earnings (P/E) ratio of 24.29.
From a financial health perspective, InvestingPro data indicates that RENN Fund carries a "GOOD" Financial Health Score. However, an examination of key ratios reveals potential short-term liquidity constraints, as the company's current ratio is reported at 0.4.
The relationship between Horizon Kinetics Asset Management LLC and RENN Fund, Inc., is multifaceted. The firm operates not only as the investment adviser to RENN Fund, Inc., but it also maintains a financial interest in the issuer’s shares through various accounts that it manages. Furthermore, Horizon Kinetics Asset Management LLC is structured as a Delaware limited liability company and holds a significant position by being identified as a ten percent owner of RENN Fund, Inc.
The data available for further research includes comprehensive Pro Research Reports provided by InvestingPro. These reports cover not only RENN Fund but also over 1,400 other US equities, offering deeper insights into the broader market landscape.
For investors seeking detailed analysis, InvestingPro offers access to in-depth Pro Research Reports. These resources can be used to examine RENN Fund and a wide selection of American stocks, helping users assess various investment opportunities beyond the current transaction details.