Horizon Kinetics Asset Management Acquires Shares of RENN Fund, Inc.

Horizon Kinetics Asset Management recently bought 756 shares of RENN Fund, Inc. (NYSE American: RCG) at a price of $2.79 each, totaling a transaction value of $2,109.24. This purchase took place on June 26, 2026, and reflects Horizon Kinetics' ongoing interest in the fund.

Other Institutional Activity in RENN Fund, Inc.

There has been notable activity among other institutional investors in RENN Fund, Inc. Horizon Kinetics itself increased its holdings by 46,116 shares, bringing its total to 912,064 shares valued at approximately $2.99 million, a 5.3% increase. Moors & Cabot, Inc. reduced its position by 3,000 shares, ending with 125,455 shares worth about $411,492, a 2.3% decrease. Pecaut & Co. increased its stake by 7,033 shares to 93,099 shares, valued at $305,366, marking an 8.2% increase. Osaic Holdings, Inc. slightly trimmed its holdings by 350 shares, maintaining 65,231 shares valued at $213,959. Meanwhile, Raymond James Financial Inc opened a new position with 27,518 shares, valued at $90,259.

RENN Fund, Inc. Stock Down 4.1%

Shares of RENN Fund, Inc. (NYSE American: RCG) traded near $2.79 on Monday. The company has a market capitalization of about $19.57 million and a P/E ratio of 25.36. Its beta is 0.173, indicating relatively low volatility compared to the market. Over the past 52 weeks, the stock has ranged from a low of $2.40 to a high of $3.31. The 50-day moving average stands at $2.77, while the 200-day moving average is $2.75. The company's current ratio is 0.398, and its quick ratio is 0.205.

Recent Earnings

For its most recent reporting period, RENN Fund, Inc. reported revenue of $327,469, though it experienced a decline in revenue growth by 46.2%. The company has a net margin of 2.42% and a return on equity of 4.07%. The next earnings date is scheduled for March 10, 2025.

Dividend

RENN Fund, Inc. offers a modest dividend rate of $0.02 per share, yielding 0.77%. The dividend payout ratio is 19.5%, reflecting a conservative approach to shareholder returns.

Insider Buying and Selling at RENN Fund, Inc.

Horizon Kinetics Asset Management has been active in purchasing shares of RENN Fund, Inc. Over recent days, it acquired 756 shares on several occasions: June 26 at $2.79, June 25 at $2.73, June 24 at $2.76, June 23 at $2.75, June 22 at $2.78, and June 18 at $2.83. These transactions were not planned under Rule 10b5-1.

About RENN Fund, Inc.

RENN Fund, Inc. is a closed-ended equity mutual fund based in New York, NY. It was launched by RENN Capital Group, Inc. and is 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 from various sectors. Employing a fundamental analysis and bottom-up stock-picking approach, the fund aims to build a diversified portfolio. RENN Fund, Inc. was formed on January 20, 1994.

Bottom Line

Horizon Kinetics Asset Management's purchase of RENN Fund, Inc. shares highlights its confidence in the fund's potential. The stock's recent performance and institutional activity provide insights into market sentiment. As always, remember that insider transactions and 13F filings are historical and may not reflect current positions.