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

Horizon Kinetics Asset Management Buys RENN Fund Shares

Horizon Kinetics Asset Management LLC added to its position in RENN Fund, Inc. (RCG) on June 24, 2026. The firm purchased 756 shares of the NYSE American-listed stock at an average price of $2.76. This specific trade was valued at roughly $2,086 and is part of a steady accumulation of shares by the firm, which helps manage the fund's operations.

A Consistent Buying Pattern

This purchase reflects a highly disciplined and recurring strategy from Horizon Kinetics. Looking at the broader timeline, the firm has been buying the exact same number of shares — 756 units — nearly every trading day during late June. Beyond the June 24 trade, the firm also bought 756 shares on June 23 at $2.75, on June 25 at $2.73, on June 26 at $2.79, on June 29 at $2.85, and on June 30 at $2.93. These transactions suggest a programmatic approach to building its stake, as none of the trades were made under a pre-set Rule 10b5-1 trading plan.

RENN Fund Stock Performance

Shares of RENN Fund were trading at $2.69 on Thursday. The stock has been moving within a fairly narrow range over the past year, with a 52-week low of $2.40 and a high of $3.31. The current price is slightly below the 50-day moving average of $2.95 and the 200-day moving average of $2.85. The fund has a price-to-earnings (P/E) ratio of 5.4, which is a measure used to see how much investors pay for every dollar of profit. With a beta of 0.15, the stock tends to be much less volatile than the broader market.

Recent Earnings and Dividend Data

In its most recent financial reports, RENN Fund recorded revenue of $226,360. While revenue growth saw a decline of 47.1%, the fund remained in the black with earnings per share of $0.56. The fund also provides a small return to its shareholders through dividends. It pays an annual dividend of $0.02 per share, which results in a dividend yield of 0.71%. The payout ratio is quite low at 3.8%, meaning only a small portion of earnings is used to cover the dividend.

About RENN Fund, Inc.

RENN Fund is a closed-end mutual fund that focuses on buying stocks in U.S. companies. It specifically looks for small and mid-sized businesses across many different industries. Horizon Kinetics Asset Management co-manages the fund, using a strategy that looks at the basic financial health of a company to pick stocks from the bottom up.

What to Watch at RENN Fund, Inc.

Investors may want to see if Horizon Kinetics continues this daily buying streak into July. These insider reports are required by the SEC to show when major owners or managers are moving money into or out of their own funds. While these small, frequent buys don't drastically change the fund's ownership overnight, they show a consistent interest from the management team at current price levels.