Horizon Kinetics Buys More RENN Fund, Inc. Shares

Horizon Kinetics Asset Management continued its buying spree of RENN Fund, Inc. shares in June.

Written by EarningsIQ · Published Jun 16, 2026, 3:00 PM EDT

Key Points

Horizon Kinetics Asset Management bought 756 shares of RENN Fund, Inc. at $2.85 per share on June 15, 2026.
RENN Fund, Inc. trades on NYSE American under the ticker RCG, with a market cap of $19.7 million and a P/E ratio of 25.56.
Other funds such as Moors & Cabot and Pecaut & Co. also adjusted their positions in RENN Fund, Inc.

Horizon Kinetics Asset Management LLC has been actively buying shares of RENN Fund, Inc. (NYSE American: RCG). On June 15, 2026, the firm purchased 756 shares at an average price of $2.85 each, continuing a series of transactions throughout June.

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

Horizon Kinetics Asset Management increased its stake in RENN Fund, Inc. by buying 756 shares on June 15, 2026. This purchase follows several other transactions this month, where the firm consistently acquired 756 shares per day, reflecting a steady accumulation strategy.

Other Institutional Activity in RENN Fund, Inc.

Several other institutional investors have also been active in RENN Fund, Inc. Horizon Kinetics Asset Management itself added 46,116 shares, bringing its total to 912,064 shares valued at approximately $2.99 million. Moors & Cabot, Inc. reduced its holdings by 3,000 shares, ending with 125,455 shares worth about $411,492. Pecaut & Co. increased its position by 7,033 shares, holding 93,099 shares valued at $305,366. Meanwhile, Morgan Stanley cut its stake by 5,208 shares, leaving it with 43,792 shares valued at $143,638.

RENN Fund, Inc. Stock Snapshot

Shares of RENN Fund, Inc. traded around $2.81. The company has a market capitalization of $19.7 million and a P/E ratio of 25.56, indicating how the price compares to its earnings. With a beta of 0.173, the stock is less volatile compared to the broader market. Over the past year, it has traded between $2.40 and $3.31, with a 50-day moving average of $2.824 and a 200-day moving average of $2.7442.

Recent Earnings

RENN Fund, Inc. reported revenue of $327,469, though it experienced a revenue decline of 46.2% recently. The company's net margin is 2.42%, and it has a return on equity of 4.1%. The next earnings announcement is expected on March 10, 2025.

Dividend

RENN Fund, Inc. offers an annual dividend rate of $0.02, yielding 0.76% at current prices. The dividend payout ratio is 19.5%, indicating the portion of earnings paid to shareholders as dividends.

Insider Buying and Selling at RENN Fund, Inc.

Horizon Kinetics Asset Management LLC has been actively buying RENN Fund, Inc. shares throughout June 2026. The firm purchased 756 shares on multiple dates, including June 15, at prices ranging from $2.75 to $2.85 per share. These transactions were not part of a pre-planned trading program, suggesting strategic buying.

About RENN Fund, Inc.

RENN Fund, Inc. is a closed-end 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 publicly traded U.S. equities, focusing on small-cap and mid-cap companies across various sectors. Founded on January 20, 1994, RENN Fund employs fundamental analysis and a bottom-up stock-picking strategy.

Bottom Line

Horizon Kinetics Asset Management's recent purchases of RENN Fund, Inc. shares reflect continued interest in the fund. Investors often watch insider transactions for clues on company prospects, though these transactions are backward-looking and may not indicate future performance. RENN Fund's market position and strategic investments continue to be areas of interest for institutional investors.