Murray Stahl, who serves as President and Co-Portfolio Manager at RENN Fund, Inc. (EXCHANGE:RCG), completed a purchase of 1,134 shares of common stock on January 26, 2026. The shares were acquired at $2.70 apiece, bringing the aggregate cost of the transaction to $3,061.
The purchase was structured as a mix of direct and indirect acquisitions. Stahl directly bought 360 shares, raising his direct holdings to 143,054 shares. The remaining shares were acquired through several affiliated accounts and entities: 18 shares for his spouse; 180 shares for Fromex Equity Corp.; 180 shares for FRMO Corp.; 296 shares for Horizon Common Inc.; 18 shares for Horizon Kinetics Hard Assets LLC; and 82 shares for Horizon Kinetics Asset Management LLC.
At the time of the trade, RENN Fund was trading at a price-to-earnings ratio of 5.16. InvestingPro data cited the funds revenue growth at nearly 37% over the prior twelve months. The funds market capitalization stood at $18.94 million, and it reported a current ratio of 1.6.
InvestingPro assigns the fund an overall financial health rating of "GREAT." Despite a modest decline in share price of 1% over the past year, RCG has returned 4.67% year-to-date. InvestingPro highlights two principal strengths for the fund: it was profitable over the last twelve months, and its liquid assets exceed short-term obligations.
The transaction details and the companys financial metrics together offer a snapshot of insider activity alongside fund fundamentals. The disclosed mix of direct and indirect purchases shows incremental accumulation across multiple related accounts, while the published financial ratios and growth figures reflect the metrics InvestingPro reports for the fund.
Key points
- Murray Stahl acquired 1,134 RCG shares on January 26, 2026, for $2.70 each, totaling $3,061.
- The purchase included a direct acquisition of 360 shares (bringing direct holdings to 143,054) and indirect acquisitions through several entities and a spouse account.
- RCG trades at a P/E of 5.16, has nearly 37% revenue growth over the last twelve months, a market cap of $18.94 million, and a current ratio of 1.6; InvestingPro rates its financial health as "GREAT."
Summary
The disclosed insider purchase is small in dollar terms but increases Murray Stahls direct and indirect exposure to RENN Fund. The funds valuation and recent revenue growth, together with InvestingPros financial health rating, provide context for the transaction.