Murray Stahl, who serves as President and Co-Portfolio Manager at RENN Fund, Inc. (EXCHANGE: RCG), completed a purchase of company common stock on March 31, 2026. The acquisition comprised 1,134 shares executed at a price of $3.24 per share, with the trades carried out across multiple transactions. The aggregate cost of the shares was $3,674.
At the time of the purchases the stock was trading close to its 52-week high of $3.31; the quoted price at the time of reporting is $3.25. The buy increases Stahl's direct holdings to 159,248 shares.
In addition to his direct stake, Stahl retains indirect interests through a set of related parties and entities. Those indirect holdings include ownership through his spouse and through Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
From a performance perspective, the fund has recorded notable momentum recently, delivering a 26% return over the past six months. Separately, InvestingPro reports that RCG has demonstrated profitable operations over the most recent twelve-month period and offers access to more than 10 additional exclusive tips and comprehensive financial metrics for the company.
Transaction details in brief:
- Shares bought: 1,134
- Price per share: $3.24
- Total spent: $3,674
- Execution: multiple transactions on March 31, 2026
- Direct ownership after trades: 159,248 shares
- Indirect ownership: spouse; Fromex Equity Corp.; FRMO Corp.; Horizon Common Inc.; Horizon Kinetics Hard Assets LLC; Horizon Kinetics Asset Management LLC
The reported purchases represent an incremental increase in Stahl's direct holding in RCG. The scale of the purchase is modest in dollar terms relative to the total direct stake reported. The broader context noted in public performance metrics is that the fund has gained 26% over six months and that RCG has shown profitable operations over the past twelve months, according to InvestingPro.
Clear summary
On March 31, 2026, Murray Stahl purchased 1,134 shares of RCG at $3.24 per share in multiple trades totaling $3,674. The acquisition brought his direct holding to 159,248 shares. The stock was trading near its 52-week high of $3.31 and the fund has returned 26% in the last six months; InvestingPro reports profitability over the last twelve months.