Horizon Kinetics Buys More RENN Fund Shares

Horizon Kinetics Asset Management LLC recently made a series of purchases in RENN Fund, Inc. (NYSE American: RCG). On June 25, 2026, the firm bought 756 shares at an average price of $2.73 per share, bringing the total value of the transaction to $2,063.88. This activity was not part of a pre-planned trading program.

Other Institutional Activity in RENN Fund, Inc.

Several other institutional investors have been active in RENN Fund, Inc. Horizon Kinetics Asset Management itself added 46,116 shares, ending with a total of 912,064 shares valued at about $2,991,570, marking a 5.3% increase. Moors & Cabot, Inc. reduced its holdings by 3,000 shares, leaving it with 125,455 shares worth approximately $411,492, a decrease of 2.3%. Pecaut & Co. grew its stake by 7,033 shares, reaching a total of 93,099 shares valued at approximately $305,366, an 8.2% increase. Meanwhile, Osaic Holdings, Inc. and Morgan Stanley trimmed their positions by 350 and 5,208 shares, respectively.

RENN Fund, Inc. Stock Down 5.4%

Shares of RENN Fund, Inc. traded near $2.69 on Friday. The company has a market cap of approximately $18.87 million and a P/E ratio of 24.45, indicating its profitability. The stock's 52-week range is between $2.40 and $3.31, with a 50-day moving average of $2.78 and a 200-day moving average of $2.75. The fund has a low beta of 0.173, suggesting limited volatility compared to the broader market.

Insider Buying and Selling at RENN Fund, Inc.

Horizon Kinetics Asset Management LLC has been actively buying shares of RENN Fund, Inc. In addition to the purchase on June 25, the firm bought 756 shares on several days in June at prices ranging from $2.73 to $2.85 per share. These transactions were not part of a pre-arranged trading plan.

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 the public equity markets across the United States, focusing on small-cap and mid-cap companies. It employs a fundamental analysis approach for stock selection. Headquartered in New York, NY, the fund is led by CEO Mr. Z. Eric Stephens, CFA.

Bottom Line

Horizon Kinetics' recent purchases in RENN Fund, Inc. suggest confidence in the fund's potential. However, it's important to note that these insider transactions do not necessarily predict future performance. Investors often track such activity as part of their broader analysis, but 13F filings and insider trades always reflect past actions rather than current positions.