Horizon Kinetics Buys Shares of RENN Fund, Inc. (RCG)

Horizon Kinetics Asset Management LLC recently bought 756 shares of RENN Fund, Inc. (NYSE American: RCG) at an average price of $2.93 per share. The transaction took place on June 30, 2026, and reflects Horizon Kinetics' continued interest in the fund.

What Changed in Horizon Kinetics' RENN Fund, Inc. Position

Horizon Kinetics Asset Management increased its holdings in RENN Fund, Inc. by purchasing 756 shares. The transaction was valued at approximately $2,215.08. This purchase is part of a series of acquisitions by Horizon Kinetics, aiming to bolster its stake in the fund.

Other Institutional Activity in RENN Fund, Inc.

Several other institutional investors have also made moves regarding their positions in RENN Fund, Inc. Moors & Cabot, Inc. reduced its holdings by 3,000 shares, ending with 125,455 shares valued at about $411,492, marking a 2.3% decrease. Meanwhile, Pecaut & Co. increased its position by 7,033 shares, reaching a total of 93,099 shares worth approximately $305,366, an 8.2% increase. Osaic Holdings, Inc. trimmed its stake by 350 shares to hold 65,231 shares valued at $213,959, a minor 0.5% decrease. Morgan Stanley decreased its stake by 5,208 shares, resulting in 43,792 shares valued at $143,638, a 10.6% reduction. Raymond James Financial Inc opened a new position with 27,518 shares valued at $90,259.

RENN Fund, Inc. Stock Up 1.4%

Shares of RENN Fund, Inc. (NYSE American: RCG) traded near $2.99 on Wednesday. The company has a market capitalization of approximately $20.98 million and a P/E ratio of 27.2, with a beta of 0.173. The stock's 52-week range is between $2.40 and $3.31, with a 50-day moving average of $2.77 and a 200-day moving average of $2.75. The fund's current ratio stands at 0.398, and its quick ratio is 0.205.

Recent Earnings

In its latest earnings report, RENN Fund, Inc. posted revenue of $327,469. However, this represented a decline in revenue growth of 46.2%. The company reported earnings per share (EPS) of $0.11, with a net margin of 2.42% and a return on equity (ROE) of 4.1%. The next earnings release is scheduled for March 10, 2025.

Dividend

RENN Fund, Inc. offers an annual dividend rate of $0.02, yielding 0.72%. The payout ratio is 19.5%, indicating a modest distribution of earnings as dividends.

Insider Buying and Selling at RENN Fund, Inc.

Horizon Kinetics Asset Management LLC has been active in buying shares of RENN Fund, Inc. from June 23 to June 30, 2026. The firm purchased 756 shares on multiple days at prices ranging from $2.73 to $2.93 per share, without any transactions being part of a planned trading program.

About RENN Fund, Inc.

RENN Fund, Inc. is a closed-ended equity mutual fund, launched by RENN Capital Group, Inc. and co-managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets across the United States, focusing on small-cap and mid-cap companies in various sectors. Using a bottom-up stock-picking approach, RENN Fund aims to build a diversified portfolio. Headquartered in New York, NY, the fund was established on January 20, 1994, and is led by CEO Mr. Z. Eric Stephens, CFA.

Bottom Line

Horizon Kinetics Asset Management's recent purchase of RENN Fund, Inc. shares demonstrates its ongoing interest in the fund. The stock's performance, with a relatively stable trading range and modest dividend yield, makes it a point of interest for investors. Keep in mind that insider transactions are reported after they occur, providing a historical view of trading activity.