Murray Stahl, who serves as President and Co-Portfolio Manager at RENN Fund, Inc. (EXCHANGE: RCG), executed a purchase of 954 shares of the fund's common stock on February 2, 2026. The shares were acquired at $2.75 apiece, producing a total outlay of $3,118. That trade price was slightly above the fund's trading quote of $2.68 at the time the transaction was reported.
RENN Fund is identified in public data as having a market capitalization of $18.78 million. Revenue for the fund has risen by nearly 37% over the last twelve months, according to the same dataset cited in the transaction report. Valuation metrics included in the available information show a price-to-earnings ratio of 5.11, while a financial health assessment from InvestingPro assigns the fund an overall rating of "GREAT."
Following the February 2 purchase, Stahl's direct ownership in RENN Fund stands at 144,854 shares. He also has a number of indirect holdings associated with various entities and a spouse. The reported indirect positions are: 5,192 shares held by his spouse; 130,188 shares held by Fromex Equity Corp.; 315,440 shares held by FRMO Corp.; 354,834 shares held by Horizon Common Inc.; 11,268 shares held by Horizon Kinetics Hard Assets LLC; and 64,990 shares held by Horizon Kinetics Asset Management LLC.
The filing notes that Stahl disclaims beneficial ownership of those indirectly held shares except to the degree of any pecuniary interest he may have in them. The transaction value and ownership totals are presented as reported, without additional commentary on intent or future plans.
This account summarizes the reported purchase and the ownership structure disclosed in the filing. The figures cited here - the number of shares purchased, the per-share price, the aggregate purchase value, the fund's market capitalization, recent revenue growth, the P/E ratio, the InvestingPro financial health rating, and the breakdown of direct and indirect holdings - are taken from the transaction report and associated data made available with it.
Context note: The reporting provides the transaction details and the ownership breakdown as disclosed. No further corporate statements, intentions, or additional explanatory material were included in the disclosure.