Horizon Kinetics, RENN Fund director, buys $2,298 in RCG

Horizon Kinetics Asset Management LLC, a director and 10% owner of RENN Fund, Inc. (NASDAQ:RCG), purchased shares of the company’s common stock on September 28, 2026. The investment firm acquired 756 shares at a price of $3.04 per share, for a total transaction value of $2,298. The purchase came as the stock traded at $2.74, with an InvestingPro tip indicating the stock is in oversold territory. The company trades at a P/E ratio of 4.92 and has been profitable over the last twelve months with earnings per share of $0.56.

Following this acquisition, Horizon Kinetics Asset Management LLC beneficially owns 975,000 shares of RENN Fund, Inc. common stock. Horizon Kinetics Asset Management LLC, a wholly owned subsidiary of Horizon Kinetics Holding Corporation, serves as the investment adviser to RENN Fund, Inc. and holds a pecuniary interest in shares managed across various accounts. For deeper analysis, InvestingPro offers access to additional tips and a comprehensive Pro Research Report covering RCG alongside 1,400+ other US equities.