Horizon Kinetics Buys Shares of RENN Fund, Inc.

Horizon Kinetics Asset Management LLC recently bought 756 shares of RENN Fund, Inc. (NYSE American: RCG) at a price of $2.85 per share. This purchase, made on June 17, 2026, adds to Horizon Kinetics' existing stake in the fund.

What Changed in Horizon Kinetics' RENN Fund Position

Horizon Kinetics Asset Management's recent purchase of 756 shares of RENN Fund, Inc. reflects a continued interest in the company. This transaction was executed at an average price of $2.85 per share, indicating a strategic move to increase their stake in the fund.

Other Institutional Activity in RENN Fund

In addition to Horizon Kinetics' activity, other institutional investors have also made changes to their RENN Fund positions. Moors & Cabot, Inc. reduced its holdings by 3,000 shares, ending with 125,455 shares valued at approximately $411,492. Pecaut & Co. increased its stake by 7,033 shares, now holding 93,099 shares worth about $305,366. Meanwhile, Morgan Stanley trimmed its position by 5,208 shares, bringing its total to 43,792 shares valued at $143,638.

RENN Fund, Inc. Stock Snapshot

Shares of NYSE American:RCG recently traded near $2.78. RENN Fund, Inc. has a market capitalization of about $19.5 million and a P/E ratio of 25.28, reflecting its profitability. The stock has a 52-week low of $2.40 and a high of $3.31, with a 50-day moving average of $2.81 and a 200-day moving average of $2.74. The fund's beta is a low 0.173, suggesting less volatility compared to the market.

Insider Buying and Selling at RENN Fund, Inc.

Horizon Kinetics Asset Management LLC has been actively buying shares of RENN Fund in June 2026. On June 17, they bought 756 shares at $2.85 each. Similar purchases occurred on June 16 at $2.74, and on June 15 at $2.85. Earlier in the month, they bought shares at $2.75 on June 12, 11, and 10. These transactions were not part of a pre-planned trading schedule.

About RENN Fund, Inc.

RENN Fund, Inc. is a closed-end equity mutual fund based in New York, NY. Launched by RENN Capital Group, Inc., the fund is co-managed by Horizon Kinetics Asset Management LLC. It invests in the public equity markets across the United States, focusing on small-cap and mid-cap companies in various sectors. The fund follows a fundamental analysis and bottom-up stock-picking strategy.

Bottom Line

Horizon Kinetics Asset Management's recent purchase of RENN Fund shares highlights its continued interest in the company. Investors often track such insider transactions for insights into potential future performance. It's important to remember that these filings are backward-looking and reflect past decisions.