RCG Research | Milton Maxwell

RCG

RENN Fund, Inc.

2.6298

-0.0162-0.61%

Dec 16, 1:09:05 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

18.45M

P/E (TTM)

5.06

Basic EPS (TTM)

0.52

Dividend Yield

0.01%

Recent Filings

8-K

Fund updates ethics code, board changes

6/11/25Jun 11, 2025

On June 5, 2025, Renn Fund's Board approved updates to its Code of Ethics, effective immediately, to strengthen ethical conduct, conflict handling, and disclosure standards amid ties to advisor Horizon Kinetics. Murray Stahl resigned as director after eight years but stays on as President, CEO, and Co-Portfolio Manager; Douglas Cohen steps in as Chairman, trimming the board to five. This reshuffle sharpens governance focus. Board size now five.

8-K

Director resigns from Renn Fund

5/21/25May 21, 2025

Renn Fund, Inc. saw director Eric Sites resign effective May 16, 2025, after serving since July 2017. The board's Nominating and Governance Committee will assess the vacancy. This shift leaves the fund's oversight temporarily leaner. No further details on succession emerged.

8-K

Renn Fund declassifies board

6/12/24Jun 12, 2024

On June 6, 2024, Renn Fund's board declassified itself, shifting to annual elections for all directors starting at the 2024 shareholder meeting, while updating the Pricing Committee Charter and Code of Ethics. The board appointed Anita L. Allen, a CPA with strategy expertise, and Melinda J. Newman, a 20-year asset management veteran, as independent directors and audit committee financial experts alongside Doug Cohen. This bolsters governance oversight. New directors face election scrutiny soon.

8-K

Board director resigns, replaced

12/14/22Dec 14, 2022

On December 8, 2022, Herbert Chain resigned from the Renn Fund board and all committees, prompting the board to appoint Doug Cohen as his replacement. Cohen, a seasoned CPA with prior roles at Sunrise Credit Services and accounting firms, joins the Nominating and Corporate Governance, Audit committees, and serves as Audit Committee Financial Expert. This swift transition maintains board continuity. Expertise bolsters oversight.

About

RENN Fund, Inc. is a closed ended equity mutual fund launched by RENN Capital Group, Inc. The fund is co-managed by Horizon Kinetics Asset Management LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It seeks to invest in stocks of small-cap and mid-cap companies. The fund employs a fundamental analysis with a bottom-up stock picking approach to create its portfolio. It was formerly known as RENN Global Entrepreneurs Fund, Inc. RENN Fund, Inc. was formed on January 20, 1994 and is domiciled in the United States.

CEO

Mr. Murray Stahl

IPO

4/30/1996

Website

https://www.rencapital.com

Sector

Financial Services

Industry

Asset Management