Murray Stahl, who serves as President and Co-Portfolio Manager at Renn Fund, Inc. (RCG), reported an insider purchase executed on March 18, 2026. Stahl acquired a total of 1,134 shares of common stock at $3.18 per share, amounting to $3,606 in aggregate.
The purchase took place with the share price trading near its 52-week high of $3.27. Year-to-date, Renn Fund shares have returned 24 percent.
The buy was structured across several accounts and entities. Stahl made a direct purchase of 360 shares. Indirect purchases were recorded as follows: 18 shares by spouse, 180 shares by Fromex Equity Corp., 180 shares by FRMO Corp., 296 shares by Horizon Common Inc., 18 shares by Horizon Kinetics Hard Assets LLC and 82 shares by Horizon Kinetics Asset Management LLC.
After the March 18 transactions, Stahl's reported holdings in Renn Fund are a mix of direct and indirect positions. Directly, he holds 156,014 shares. Indirect holdings are reported as 5,750 shares through spouse, 135,768 shares through Fromex Equity Corp., 321,020 shares through FRMO Corp., 364,010 shares through Horizon Common Inc., 11,826 shares through Horizon Kinetics Hard Assets LLC and 67,532 shares through Horizon Kinetics Asset Management LLC.
The filing and the accompanying disclosure note that subscribers to InvestingPro have access to eight additional ProTips for RCG, which include insider trading analysis and financial health metrics.
Below are the key elements of the report and context drawn from the filing.
- Transaction date: March 18, 2026.
- Shares acquired: 1,134 common shares at $3.18 per share.
- Total value: $3,606.
- Share price context: Trading near 52-week high of $3.27; 24 percent YTD return.
The filing details both direct and indirect ownership layers, reflecting holdings across personal and entity accounts that are commonly used in fund management structures. The report does not provide additional commentary from Stahl or the fund beyond the transaction and holdings statements.