Horizon Kinetics (RCG adviser) adds 756 RENN Fund shares in open-market buy
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., reported an open-market purchase of 756 shares of common stock at $2.89 per share. After this transaction, it directly owned 912,252 shares of RENN Fund common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 756 shares ($2,185)
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 | $2.89 | $2K |
Holdings After Transaction:
Common Stock — 912,252 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 756 shares
Purchase price: $2.89 per share
Shares owned after transaction: 912,252 shares
3 metrics
Shares purchased
756 shares
Open-market purchase of RENN Fund common stock
Purchase price
$2.89 per share
Price paid for the 756 shares bought
Shares owned after transaction
912,252 shares
Direct holdings following the reported purchase
Key Terms
open-market purchase, pecuniary interest, investment adviser
3 terms
open-market purchase financial
"The transaction was classified as an open-market purchase at $2.89 per share."
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
"HKAM serves as the investment adviser to the Issuer and has a pecuniary interest in shares of the Issuer."
investment adviser financial
"Horizon Kinetics Asset Management LLC 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 did Horizon Kinetics Asset Management report in this Form 4 for RCG?
Horizon Kinetics Asset Management LLC reported buying 756 RENN Fund shares. The open-market purchase was at $2.89 per share, and following the transaction, it directly held 912,252 shares of RENN Fund, Inc. common stock.
What role does Horizon Kinetics Asset Management have in relation to RENN Fund (RCG)?
Horizon Kinetics Asset Management serves as investment adviser to RENN Fund. According to the footnote, it has a pecuniary interest in shares of the issuer through various managed accounts and is a wholly owned subsidiary of Horizon Kinetics Holding Corporation.
Was the Horizon Kinetics transaction in RENN Fund (RCG) a buy or a sell?
The transaction was a buy of RENN Fund common stock. The Form 4 classifies it as an open-market purchase, coded "P," with 756 shares acquired at $2.89 per share and no reported sales in this filing.