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

Horizon Kinetics Asset Management LLC made a move on June 29, 2026, by buying 756 shares of RENN Fund, Inc. (NYSE American: RCG) at an average price of $2.85 per share. This purchase is part of Horizon Kinetics' ongoing strategy to build its stake in the asset management company.

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

Horizon Kinetics Asset Management LLC's recent purchase of 756 shares reflects its continued interest in RENN Fund, Inc. The transaction, valued at approximately $2,154.60, adds to its existing holdings in the company, which focuses on investing in small-cap and mid-cap companies across various sectors.

Other Institutional Activity in RENN Fund, Inc.

In addition to Horizon Kinetics' activity, several other institutional investors have adjusted their positions in RENN Fund, Inc. Moors & Cabot, Inc. reduced its holdings by 3,000 shares, bringing its total to 125,455 shares valued at about $411,492, marking a 2.3% decrease. Pecaut & Co. increased its stake by 7,033 shares, now holding 93,099 shares worth around $305,366, an 8.2% increase. Morgan Stanley lowered its position by 5,208 shares, ending with 43,792 shares valued at approximately $143,638, a 10.6% decrease. Meanwhile, 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 $2.83 on Tuesday. The company, with a market cap of approximately $19.57 million, has a P/E ratio of 25.36 and a beta of 0.173. RENN Fund, Inc.'s stock has seen a 52-week low of $2.40 and a high of $3.31. Its 50-day moving average is $2.77, and the 200-day moving average is $2.75.

Recent Earnings

RENN Fund, Inc. reported revenue of $327,469, although it experienced a revenue decline of 46.2%. The company's net margin stands at 2.42%, with a return on equity of 4.07%. The next earnings report is expected on March 10, 2025.

Dividend

RENN Fund, Inc. offers an annual dividend rate of $0.02, yielding 0.77% with a payout ratio of 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 late June 2026. The firm purchased 756 shares on multiple occasions: June 22 at $2.78 per share, June 23 at $2.75, June 24 at $2.76, June 25 at $2.73, June 26 at $2.79, and finally on June 29 at $2.85. These transactions were not part of a pre-planned trading program.

About RENN Fund, Inc.

RENN Fund, Inc. is a closed-end equity mutual fund managed by Horizon Kinetics Asset Management LLC. The fund invests in public equity markets in the United States, targeting small-cap and mid-cap companies across various sectors. Based in New York, NY, and led by CEO Mr. Z. Eric Stephens, CFA, the fund employs a bottom-up stock-picking approach, focusing on fundamental analysis.

Bottom Line

Horizon Kinetics Asset Management's recent purchases of RENN Fund, Inc. shares demonstrate its ongoing investment strategy. While the stock trades near $2.83, investors should remember that insider transactions like these provide a look into the company's ownership dynamics. As always, 13F filings and insider trading reports offer a backward glance at investor actions, not current holdings.