Horizon Kinetics Increases Stake in RENN Fund, Inc. (RCG)

Horizon Kinetics Asset Management LLC has increased its stake in RENN Fund, Inc. (NYSE American: RCG) by purchasing 756 shares at an average price of $2.78 each. The transaction, valued at $2,101.68, occurred on June 22, 2026.

What Changed in Horizon Kinetics' RENN Fund Position

Horizon Kinetics Asset Management has been actively buying shares of RENN Fund, Inc., with recent transactions including several 756-share purchases throughout June 2026. This move indicates continued interest in the fund, which is co-managed by Horizon Kinetics.

Other Institutional Activity in RENN Fund

Horizon Kinetics Asset Management LLC also grew its overall holdings in RENN Fund by 46,116 shares, ending with 912,064 shares worth about $2.99 million. Moors & Cabot, Inc. reduced its position by 3,000 shares, now holding 125,455 shares valued at $411,492. Pecaut & Co. added 7,033 shares, bringing its total to 93,099 shares worth approximately $305,366. Meanwhile, Osaic Holdings, Inc. slightly decreased its holdings by 350 shares, now owning 65,231 shares valued at $213,959. Morgan Stanley cut its position by 5,208 shares, leaving it with 43,792 shares valued at $143,638.

RENN Fund, Inc. Stock Down 8.0%

Shares of NYSE American:RCG traded near $2.73 on Tuesday. RENN Fund, Inc. has a market cap of approximately $19.15 million and a P/E ratio of 24.8. The stock has a 52-week low of $2.40 and a 52-week high of $3.31, with a 50-day moving average of $2.80 and a 200-day moving average of $2.75. The fund's beta is 0.173, indicating low volatility compared to the market.

Recent Earnings

RENN Fund, Inc. reported revenue of $327,469 with a negative growth rate of 46.2%. The company achieved a net margin of 2.42% and a return on equity of 4.07%. Earnings per share were $0.11, and the next earnings report is expected on March 10, 2025.

Dividend

RENN Fund, Inc. offers an annual dividend rate of $0.02, yielding 0.76%, with a payout ratio of 19.5%.

Insider Buying and Selling at RENN Fund, Inc.

Horizon Kinetics Asset Management has been actively buying shares of RENN Fund, Inc., with purchases of 756 shares each at various prices throughout June 2026. These transactions were not part of a pre-planned trading program, indicating a strategic interest in increasing their stake.

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. Based in New York, the fund invests in public equity markets across the United States, focusing on small-cap and mid-cap companies. It employs a bottom-up approach in stock picking and was established on January 20, 1994.

Bottom Line

Horizon Kinetics Asset Management's recent purchases of RENN Fund, Inc. shares highlight its ongoing interest in the fund. Investors often track such insider activities for potential insights, though it's important to remember that these transactions are backward-looking and may not reflect current positions.