Horizon Kinetics Asset Management LLC disclosed a $2,169 purchase of RENN Fund Inc. common stock on Aug. 21, according to data tracked by InvestingPro.
The transaction involved 756 shares acquired at $2.87 per share, bringing the investment firm’s total holdings to 956,100 shares across its managed accounts. The purchase followed a day when RENN Fund’s stock closed at $2.95, marginally above the acquisition price.
The fund, listed under ticker RCG, has gained 13.81% year-to-date, with a market capitalization of $20.69 million. InvestingPro data also indicates the company has reported profitability over the trailing twelve months. The disclosure reflects routine portfolio adjustments by Horizon Kinetics, which serves as the fund’s director, 10% owner and investment adviser.
