Horizon Kinetics (RCG) adds 756 RENN Fund common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a more than ten percent owner of RENN Fund, Inc., made an open-market purchase of 756 shares of the fund’s common stock at $3.02 per share.
After this transaction, Horizon Kinetics’ directly reported holdings in RENN Fund common stock increased to 931,908 shares. The filing notes that Horizon Kinetics acts as investment adviser to the fund and has a pecuniary interest in shares held across various managed accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares ($2,283)
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
null
Bought
756 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 756 | $3.02 | $2K |
Holdings After Transaction:
Common Stock — 931,908 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 756 shares
Purchase price: $3.02 per share
Post-transaction holdings: 931,908 shares
+1 more
4 metrics
Shares purchased
756 shares
Open-market purchase of RENN Fund common stock
Purchase price
$3.02 per share
Price paid for RENN Fund common stock
Post-transaction holdings
931,908 shares
RENN Fund common shares held after the trade
Net buy shares
756 shares
Net share change reported in transaction summary
Key Terms
open-market purchase, pecuniary interest, investment adviser
3 terms
open-market purchase financial
"made an open-market purchase of 756 shares of the fund’s 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.
FAQ
What insider transaction did Horizon Kinetics report for RCG?
Horizon Kinetics Asset Management LLC reported an open-market purchase of 756 shares of RENN Fund, Inc. common stock at $3.02 per share, increasing its directly reported holdings to 931,908 shares following the transaction.
What is Horizon Kinetics’ role in relation to RENN Fund (RCG)?
Horizon Kinetics Asset Management LLC serves as the investment adviser to RENN Fund, Inc. and has a pecuniary interest in shares of the fund through various managed accounts, according to the Form 4 footnote describing its advisory and ownership relationship.
Was the RCG insider transaction a purchase or sale?
The insider transaction was a purchase. Horizon Kinetics Asset Management LLC executed an open-market buy of 756 RENN Fund, Inc. common shares, with the Form 4 classifying the trade under code P for purchase and direction noted as a buy.