Horizon Kinetics (RCG) adds to RENN Fund stake with open-market share purchase
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc., reported an open-market purchase of 756 shares of common stock at $2.75 per share. After this transaction, it holds a total of 917,544 common shares directly.
Horizon Kinetics Asset Management LLC serves as investment adviser to RENN Fund and has a pecuniary interest in shares of the fund through various managed accounts, reflecting its role as an affiliated asset manager rather than an individual insider.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
756 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 756 | $2.75 | $2K |
Holdings After Transaction:
Common Stock — 917,544 shares (Direct)
Footnotes (1)
- F1. Horizon Kinetics Asset Management LLC ("HKAM") serves as the investment adviser to the Issuer and has a pecuniary interest in shares of the Issuer through various accounts that it manages. HKAM is a Delaware limited liability company and a wholly owned subsidiary of Horizon Kinetics Holding Corporation, a Delaware corporation.
Key Figures
Shares purchased: 756 shares
Purchase price: $2.75 per share
Shares owned after trade: 917,544 shares
+2 more
5 metrics
Shares purchased
756 shares
Common Stock open-market purchase
Purchase price
$2.75 per share
Transaction price for RENN Fund common stock
Shares owned after trade
917,544 shares
Direct holdings following the transaction
Net buy shares
756 shares
Net change in position from this Form 4
Ownership status
More than ten percent owner
Reporting person classification on Form 4
Key Terms
open-market purchase, pecuniary interest, investment adviser, more than ten percent owner
4 terms
open-market purchase financial
"reported an open-market purchase of 756 shares of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
pecuniary interest financial
"has a pecuniary interest in shares of the Issuer through various accounts"
investment adviser financial
"serves as the investment adviser to the Issuer"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
more than ten percent owner regulatory
"Horizon Kinetics Asset Management LLC, a more than ten percent owner"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Horizon Kinetics report for RCG?
Horizon Kinetics Asset Management LLC reported buying 756 shares of RENN Fund, Inc. common stock in an open-market transaction at $2.75 per share. This filing reflects an incremental increase in its position as a significant shareholder and investment adviser to the fund.
What was the purchase price in Horizon Kinetics’ latest RCG trade?
The reported open-market purchase was made at $2.75 per share for RENN Fund, Inc. common stock. This price applies to the 756 shares acquired, as disclosed in the Form 4 insider transaction filed for Horizon Kinetics Asset Management LLC.
What role does Horizon Kinetics play for RENN Fund, Inc.?
Horizon Kinetics Asset Management LLC serves as the investment adviser to RENN Fund, Inc. It has a pecuniary interest in the fund’s shares through various accounts it manages, aligning its economic exposure with the performance of RCG common stock.
Was the Horizon Kinetics RCG trade an open-market purchase?
Yes. The transaction code “P” and description identify the move as an open-market purchase of RENN Fund, Inc. common stock. The trade covered 756 shares at $2.75 per share and increased Horizon Kinetics’ direct holdings in the fund.