RENN Fund (RCG) Insider LLC Buys $2.1K of Stock

Horizon Kinetics Asset Management LLC added to its stake in RENN Fund, Inc. (RCG) on June 22, 2026. The firm purchased 756 shares at $2.78 per share, a transaction totaling $2,101.68. This buy is the latest in a series of consistent, small-scale acquisitions by the asset manager, which also serves as a co-manager for the fund.

RENN Fund Insider Buying Momentum

The June 22 purchase is part of a broader trend of buying from Horizon Kinetics Asset Management LLC. On June 30, 2026, the firm bought 756 shares at $2.93 each, valued at $2,215.08. Just a day prior, on June 29, 2026, it picked up another 756 shares at $2.85 per share for $2,154.60. Further transactions occurred on June 26, 2026, at $2.79 per share and on June 25, 2026, at $2.73 per share. These trades were not made under a pre-arranged Rule 10b5-1 plan, which usually lets insiders set a schedule for buying or selling to avoid potential conflicts. Instead, these appear to be active decisions to increase their position as the month progressed.

RENN Fund Stock Price Trends

On Tuesday, the stock was trading at $2.71 on the NYSE American. This price point puts RENN Fund roughly in the middle of its 52-week trading range, which has seen a low of $2.40 and a high of $3.31. The company currently has a P/E ratio of 5.419643, suggesting the market is valuing its earnings at a relatively low multiple compared to some other asset managers. With a beta of 0.147, the stock has shown much less sensitivity to broader market swings lately than the average equity.

Recent Earnings for RENN Fund

In its most recent financial reports, RENN Fund recorded revenue of $226,360.0. While this represented a revenue growth decline of 47.1%, the fund remained profitable with a net margin of 17.317%. Its return on equity (ROE) reached 0.18561001, showing how effectively it is using shareholder capital to generate profits. The fund's earnings per share (EPS) currently stand at $0.56.

Dividend Payments

The fund currently pays a dividend to its shareholders. The annual dividend rate is $0.02, which provides a dividend yield of 0.71%. The payout ratio is 0.0383, meaning the fund is currently using a very small portion of its earnings to sustain these payments to investors.

About RENN Fund, Inc.

RENN Fund, Inc. is a closed-end equity mutual fund that focuses on public equity markets within the United States. It primarily looks for opportunities in small-cap and mid-cap companies across various industries. The fund's managers use a bottom-up approach, looking at the fundamentals of individual companies rather than just broad economic trends, to build their portfolio.

What's Ahead for RENN Fund, Inc.

Investors often watch insider buying like this to see where those running the fund are putting their own capital. While these purchases are small, the frequency of the buys from Horizon Kinetics Asset Management suggests a steady accumulation of shares. The market will likely look to the next set of financial filings to see if this buying pattern continues or if the fund's revenue growth begins to stabilize.