Murray Stahl, who serves as President and Co-Portfolio Manager of RENN Fund, Inc. (RCG), reported a personal purchase of common stock on April 1, 2026. The filing shows Stahl acquired 1,134 shares at a per-share price of $3.25, bringing the aggregate value of these transactions to $3,685.
The buy was recorded as the company's shares were trading near a 52-week high of $3.31. Over the prior six months, RCG shares had risen about 24%.
After this round of purchases, Stahl's disclosed direct ownership totals 159,608 shares. The filing also details a slate of indirect holdings associated with Stahl, listed as follows:
- 5,930 shares held by his spouse
- 137,568 shares held by Fromex Equity Corp.
- 322,820 shares held by FRMO Corp.
- 366,970 shares held by Horizon Common Inc.
- 12,006 shares held by Horizon Kinetics Hard Assets LLC
- 68,352 shares held by Horizon Kinetics Asset Management LLC
In the disclosure language included with the filing, Stahl specifies that he disclaims beneficial ownership of those indirectly held shares except to the extent of his pecuniary interest.
The filing identifies all of the reported transactions as purchases. The total value of the purchases reported in the filing equals $3,685.
Separately, the filing references coverage by InvestingPro, noting that the service tracks seven additional tips for RCG and that RCG has shown strong returns across multiple timeframes in InvestingPro's coverage set. The filing also notes that RCG is included among more than 1,400 U.S. equities covered by InvestingPro's Pro Research Reports.
The transaction is small in absolute dollar terms but is recorded against a backdrop of substantial reported direct and indirect holdings by Stahl and a recent run-up in the stock price. Beyond the figures disclosed here, the filing does not provide further commentary on intent or future trading plans.