Streetbeat News

RCG

RENN Fund, Inc.

https://www.rencapital.com

Industry

Asset Management

RENN Fund, Inc. is a closed ended equity mutual fund launched by RENN Capital Group, Inc. The fund is co-managed by Horizon Kinetics Asset Management LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It seeks to invest in stocks of small-cap and mid-cap companies. The fund employs a fundamental analysis with a bottom-up stock picking approach to create its portfolio. It was formerly known as RENN Global Entrepreneurs Fund, Inc. RENN Fund, Inc. was formed on January 20, 1994 and is domiciled in the United States.

Open

2.37

Mkt cap

16M

Volume

10K

High

2.37

P/E Ratio

14.47

52-wk high

2.37

Low

2.30

Div yield

0.01

52-wk low

1.52

Intrusion Inc.'s CEO Anthony Scott purchased 1,500 shares at $0.22 each, while RENN Fund, Inc.'s CEO and President Murray Stahl bought 57 shares at $1.68 each. These insider transactions may signal confidence in the companies' prospects. Intrusion recently reported weak quarterly results, and RENN Fund's stock has fallen about 8% over the past six months.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 11:28 am

Insiders have recently bought shares in Expensify, Inc (EXFY), Greystone Logistics, Inc. (GLGI), and RENN Fund, Inc. (RCG). SF Roofdeck GP, a 10% owner of EXFY, acquired 168,894 shares at an average price of $2.48. Drew T Lockard, a director at GLGI, acquired 12,000 shares at an average price of $1.03. RCG's President and CEO, Murray Stahl, acquired 413 shares at an average price of $1.73.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 11:19 am

Insiders have recently bought shares in ProtoKinetix, Incorporated (PKTX), Firsthand Technology Value Fund, Inc. (SVVC), and RENN Fund, Inc. (RCG). ProtoKinetix's CFO acquired 20,000 shares, while Firsthand Technology Value Fund's 10% owner bought 49,805 shares and RENN Fund's President and CEO purchased 413 shares. ProtoKinetix's stock has lost around 53% over the past month, Firsthand Technology Value Fund announced plans to seek stockholder approval to withdraw BDC election and pursue liquidation, and RENN Fund shares lost around 4% year-to-date.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 12:58 pm

Insiders at Container Store Group, Nuo Therapeutics, and RENN Fund have recently made notable purchases of their companies' stocks. Container Store Group's CFO acquired 3,860 shares at an average price of $2.60, following worse-than-expected Q1 results. Nuo Therapeutics' 10% owner bought 62,500 shares at an average price of $2.00, amid a 22% stock decline over the past month. RENN Fund's CEO and President purchased 419 shares at an average price of $1.85, as the company's shares have gained around 2% since the start of the year.

Portfolio Pulse from Lisa Levin

August 07, 2023 | 1:09 pm

Insiders at Cyclo Therapeutics, Inc. (NASDAQ:CYTH) and RENN Fund, Inc. (NYSE:RCG) have recently made notable purchases of their companies' shares. CYTH's 10% owner, Rafael Holdings Inc, acquired 4,000,000 shares at an average price of $1.25, costing around $5 million. RCG's President and CEO, Murray Stahl, acquired 419 shares at an average price of $1.85, spending around $775. These transactions may indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:17 pm

Insiders at Mobivity Holdings Corp. (MFON), RENN Fund, Inc. (RCG), and iCoreConnect Inc. (ICCT) have recently made significant share purchases. MFON's director acquired shares worth $1.79 million, RCG's CEO bought shares worth $775, and ICCT's CEO purchased shares worth $81,545. These transactions may indicate the insiders' confidence in their respective companies' prospects.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 11:28 am

Insiders at Earth Science Tech, Inc. (OTC:ETST), Cosmos Health Inc. (NASDAQ:COSM), and RENN Fund, Inc. (NYSE:RCG) have recently made notable purchases of their companies' shares. This could indicate their confidence in the companies' prospects. Earth Science Tech recently appointed a new CFO, Cosmos Health priced a $5.25 million registered direct offering and concurrent private placement, and RENN Fund has a 52-week high of $2.39.

Portfolio Pulse from Lisa Levin

July 25, 2023 | 12:41 pm

Insiders at Martin Midstream Partners L.P. (MMLP), RENN Fund, Inc. (RCG), and 1847 Holdings LLC (EFSH) have recently purchased shares in their respective companies. MMLP's CEO acquired 1082.52 shares at an average price of $2.12, RCG's CEO bought 419 shares at an average price of $1.83, and EFSH's 10% owner Strategic Risk LLC purchased 102,000 shares at an average price of $0.29. These transactions indicate the insiders' confidence in their companies' prospects.

Portfolio Pulse from Lisa Levin

July 17, 2023 | 1:15 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.