RENN Fund (RCG) Insider LLC Buys $2.2K of Stock
Horizon Kinetics Asset Management has made a recent purchase of RENN Fund shares, adding to its existing holdings.
Reviewed by automated data checks against the source filing. How we make and check alerts
Horizon Kinetics Asset Management LLC bought 756 shares of RENN Fund, Inc. ($RCG) at an average price of $2.85, worth about $2,154.60, on June 17, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $RCG is down 1.8% after 1 week, up 7.5% after 1 month and up 1.4% to date (from the $2.78 close on Jun 17, 2026).
RCG
RENN Fund, Inc.
Key Points
- Horizon Kinetics Asset Management bought 756 shares of RENN Fund, Inc. for about $2,154.60 on June 29, 2026.
- The stock is currently priced at $2.81, which is near its 52-week low of $2.40 and well below its high of $3.31.
- Horizon Kinetics has been actively purchasing RENN Fund shares, with several transactions recorded over the past week.
Get $RCG trade alerts by text
We text you when insiders, Congress or big funds trade $RCG. Free.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated RENN Fund, Inc. alert may contain errors. Disclosures
Horizon Kinetics Boosts RENN Fund Holdings
Horizon Kinetics Asset Management has increased its investment in RENN Fund, Inc. (RCG) by buying 756 shares on June 29, 2026. The shares were purchased for $2.85 each, totaling about $2,154.60. This purchase adds to the fund's ongoing stake in RENN Fund, which focuses on investing in small-cap and mid-cap companies across various sectors.
Recent Insider Activity
This recent transaction is part of a series of purchases by Horizon Kinetics. Just a day before, on June 28, 2026, the firm bought the same number of shares at $2.93, valued at approximately $2,215.08. Earlier in the week, they also acquired shares at prices ranging from $2.73 to $2.79, showing a consistent interest in RENN Fund. The total value of these transactions highlights the firm's commitment to increasing its stake in the fund.
How RENN Fund, Inc. Stock Has Traded
Currently, RENN Fund shares are trading at $2.81, which is close to its 52-week low of $2.40. The stock has seen fluctuations recently, with a high of $3.31 over the past year. The timing of these purchases may suggest that Horizon Kinetics believes the stock is undervalued at this price point. With a P/E ratio of 5.42, the fund is positioned in the financial services sector, particularly in asset management.
What RENN Fund, Inc. Does
RENN Fund, Inc. is a closed-end equity mutual fund based in New York. The fund invests in U.S. public equity markets and employs a fundamental analysis approach to select stocks. It primarily targets small-cap and mid-cap companies across diverse sectors. This latest activity from Horizon Kinetics indicates a strategic move to bolster their investment in the fund.
What's Next for RENN Fund
Looking ahead, investors may want to watch for future transactions from Horizon Kinetics and any upcoming changes in RENN Fund's strategy. The next earnings report is yet to be announced, but past filings show a consistent interest from institutional investors in this fund. As always, keep in mind that the recent insider activity reflects past positions and may not represent current holdings.
Related Filing Alerts
Source: Horizon Kinetics Asset Management LLC's Form 4 filing on $RCG (Jun 17, 2026). Find the original filing: RCG Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts