Murray Stahl, President and Co-Portfolio Manager at RENN Fund, Inc., reported a purchase of 1,134 common shares on March 26, 2026. The shares were acquired in a sequence of buys at a price of $3.29 per share, producing an aggregate outlay of $3,730.
This transaction raised Stahl's direct ownership stake to 158,174 shares. In addition to his direct holdings, Stahl has indirect ownership interests through several entities and relationships explicitly disclosed: his spouse, Fromex Equity Corp., FRMO Corp., Horizon Common Inc., Horizon Kinetics Hard Assets LLC, and Horizon Kinetics Asset Management LLC.
The reported purchases came as RENN Fund's stock has advanced materially over recent months. RCG has appreciated roughly 28% over the last six months and, per InvestingPro analysis, is trading near its 52-week high; the 52-week peak cited in the disclosure is $3.31 per share, marginally above the $3.29 purchase price. InvestingPro notes that subscribers can access seven additional ProTips related to the stock.
The size and timing of the trade are detailed in the disclosure: a modest incremental acquisition completed just below the one-year high for the share price. The purchase increased Stahl's direct position to the specific total stated above and supplements the suite of indirect ownerships listed in the filing. No further rationale for the purchase was provided in the reporting of the transaction.
Readers should note the specific, confirmed elements in the disclosure: the exact number of shares bought, the per-share price, the total dollar value of the trades, the updated direct holding count, the named indirect ownership vehicles, the six-month price performance figure, and the proximity of the trade price to the reported 52-week high. The publicly stated details are limited to these items; the filing does not include additional commentary from Stahl or the fund about intent, strategy, or future transactions.
Transaction details (as disclosed)
- Insider: Murray Stahl, President and Co-Portfolio Manager
- Issuer: RENN Fund, Inc. (RCG)
- Purchase date: March 26, 2026
- Shares acquired: 1,134 common shares
- Price per share: $3.29
- Total value: $3,730
- Updated direct holdings: 158,174 shares
- Indirect ownership: spouse; Fromex Equity Corp.; FRMO Corp.; Horizon Common Inc.; Horizon Kinetics Hard Assets LLC; Horizon Kinetics Asset Management LLC
- Recent performance context: RCG up ~28% over six months and trading near a 52-week high of $3.31, per InvestingPro