Horizon Kinetics Buys Shares of RENN Fund, Inc.

Horizon Kinetics Asset Management LLC recently purchased 756 shares of RENN Fund, Inc. (NYSE American: RCG) at an average price of $2.76 on June 24, 2026. The transaction was valued at approximately $2,086.56, reflecting continued interest in the fund.

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

Horizon Kinetics Asset Management LLC has been steadily accumulating shares of RENN Fund, Inc. over several days in June. The latest purchase of 756 shares adds to their growing position in the fund, which is co-managed by Horizon Kinetics.

Other Institutional Activity in RENN Fund, Inc.

Horizon Kinetics Asset Management LLC increased its holdings by 46,116 shares, bringing its total to 912,064 shares valued at about $2.99 million, marking a 5.3% increase. Moors & Cabot, Inc. trimmed its stake by 3,000 shares, ending with 125,455 shares worth approximately $411,492, a 2.3% decrease. Pecaut & Co. boosted its holdings by 7,033 shares, reaching 93,099 shares valued at $305,366, an 8.2% increase. Meanwhile, Osaic Holdings, Inc. reduced its position by 350 shares to 65,231 shares valued at $213,959, down 0.5%. Morgan Stanley also cut its holdings by 5,208 shares, now holding 43,792 shares valued at $143,638, a decrease of 10.6%. Raymond James Financial Inc opened a new position with 27,518 shares valued at $90,259.

RENN Fund, Inc. Stock Down 8.8%

Shares of RENN Fund, Inc. traded near $2.73 on Thursday. The company has a market capitalization of approximately $19.15 million and a P/E ratio of 24.8. Its beta is low at 0.173, indicating less volatility compared to the market. The stock's 52-week range is between $2.40 and $3.31. It has a 50-day moving average of $2.80 and a 200-day moving average of $2.75. The fund's current ratio is 0.398, and its quick ratio is 0.205.

Recent Earnings

RENN Fund, Inc. reported revenue of $327,469, although it experienced a revenue decline of 46.2%. The company maintains a net margin of 2.4% and a return on equity of 4.1%. Earnings per share stand at $0.11, with the next earnings report expected on March 10, 2025.

Dividend

RENN Fund, Inc. pays an annual dividend rate of $0.02, yielding 0.76%. Its dividend payout ratio is 19.5%.

Insider Buying and Selling at RENN Fund, Inc.

Horizon Kinetics Asset Management LLC has been actively buying shares of RENN Fund, Inc. throughout June 2026. On June 24, they purchased 756 shares at $2.76 per share. Similar transactions occurred on June 23, 22, 18, 17, and 16, with prices ranging from $2.74 to $2.85 per share. None of these transactions were part of a pre-planned trading program.

About RENN Fund, Inc.

RENN Fund, Inc. is a closed-ended equity mutual fund managed by Horizon Kinetics Asset Management LLC. Based in New York, the fund invests in U.S. public equity markets, focusing on small-cap and mid-cap companies across various sectors. The fund employs a fundamental analysis and bottom-up stock-picking strategy to build its portfolio. Established on January 20, 1994, RENN Fund, Inc. aims to capitalize on growth opportunities within diverse industries.

Bottom Line

Horizon Kinetics Asset Management LLC's recent purchases of RENN Fund, Inc. shares highlight ongoing interest in this closed-ended mutual fund. With a market cap of about $19.15 million and a P/E ratio of 24.8, RENN Fund, Inc. remains a player in the asset management industry. Insider buying activity can be a signal of confidence, although it's important to remember that these transactions are disclosed after they occur and may not reflect current positions.