Murray Stahl, who serves as President and Co-Portfolio Manager of RENN Fund, Inc. (RCG), completed a direct purchase of common stock on March 13, 2026. The transaction consisted of 1,154 shares bought at $3.05 per share, resulting in an aggregate outlay of $3,458.
The purchase price of $3.05 per share sits just below the fund's reported 52-week high of $3.09. RCG shares have produced a 17.9% return so far year-to-date.
After this acquisition, Stahl's direct ownership in RENN Fund stands at 154,934 shares. The filings indicate that all of the shares in this particular round of purchases were executed at the identical price of $3.05.
Disclosure within the filings also describes a broader set of interests held indirectly. Those indirect holdings are associated with Stahl's spouse and a collection of entities identified as Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC. Stahl explicitly disclaims beneficial ownership of the shares held by these entities except to the extent of his pecuniary interest.
Market data referenced alongside the filing notes that InvestingPro characterizes RENN Fund's financial health as "GOOD." The same service is cited as offering five additional ProTips intended to give investors further analytical perspective on RCG.
The transaction represents a straightforward insider buy recorded at a single per-share price point and leaves Stahl with a substantial direct holding in the fund. The filings do not provide further commentary on intent beyond the standard ownership disclosures and the identification of the related indirect holders.
Contextual note - The information above is drawn from the reported insider transaction and related disclosures contained in the company's filing. Where the filing lists indirect holders, the reporting individual disclaims beneficial ownership except as described.