Renn fund 10% owner Horizon Kinetics buys $2,313 in common stock By Investing.com
- Markets Startups
Peter Lynch- 0
- 2 minutes read
Horizon Kinetics Asset Management LLC, a 10% owner and investment adviser to RENN Fund, Inc. (), purchased 756 shares of the company’s common stock on July 22, 2026. The shares were acquired at a price of $3.06 per share, totaling $2,313 for the transaction. The purchase price represents a slight premium to the stock’s current trading level of $3.00, with shares up approximately 17% year-to-date and trading at a P/E ratio of 26.55.
Following this acquisition, Horizon Kinetics Asset Management LLC beneficially owns 939,468 shares of RENN Fund common stock. The firm has a pecuniary interest in shares held in various accounts that it manages. According to InvestingPro, RENN Fund has been profitable over the last twelve months with earnings per share of $0.11. Investors seeking deeper insights can access one of 2 additional InvestingPro Tips, plus a comprehensive Pro Research Report covering RCG and 1,400+ other US equities.
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