Horizon Kinetics Asset Management buys $2,298 of RENN Fund shares

Horizon Kinetics Asset Management LLC, a major shareholder and director of RENN Fund, Inc. (RCG), expanded its stake in the company on September 18, 2026. The investment management firm acquired 756 additional shares of RENN Fund common stock, paying $3.04 for each share. This transaction totaled $2,298 in value. As a result of this fresh acquisition, Horizon Kinetics Asset Management LLC now owns a total of 970,464 shares of RENN Fund common stock.

The RENN Fund is currently trading at a price-to-earnings ratio of 5.43 and has a market capitalization of $21.29 million. InvestingPro Tips indicate that the fund has been profitable in the past year, with earnings per share of $0.56. Additionally, RENN Fund has provided a 17.59% return year-to-date. AI-driven InvestingPro offers further insights and detailed analysis for subscribers of RENN Fund.

Horizon Kinetics Asset Management LLC, based in Delaware as a limited liability company wholly owned by Horizon Kinetics Holding Corporation, acts as the investment adviser for RENN Fund, Inc. The firm has a financial stake in the shares it manages across multiple accounts.