Horizon Kinetics Asset Management buys $2,192 of RENN Fund stock
Horizon Kinetics Asset Management LLC, a significant stakeholder in RENN Fund, Inc., made a notable investment by purchasing $2,192 worth of the company's common stock on August 13, 2026. This acquisition involved the purchase of 756 shares, each priced at $2.90. The asset management firm, which serves as the investment adviser to RENN Fund, Inc., now holds a total of 951,564 shares of the company's common stock.
The insider purchase occurred at a time when RCG shares were trading at $2.76, slightly below the $2.90 acquisition price. According to InvestingPro data, the stock has experienced a 7.7% decline over the past week, with the company maintaining a market capitalization of $19.5 million. InvestingPro provides access to over a dozen exclusive tips and comprehensive financial metrics for RCG, along with detailed Pro Research Reports for this and 1,400+ other US equities.
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