Renn Fund Inc (A:RCG)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 8080 N CENTRAL EXPRWY, STE 210 LB59
DALLAS TX 75206
Tel: N/A
Website: https://horizonkinetics.com/investment-strategies/renn-fund-inc-nyse-rcg
IR: See website
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Key People
Murray Stahl
Chairman of the Board, President, Chief Executive Officer
Steven M. Bregman
Co-Portfolio Manager
Peter Brendan Doyle
Co-Portfolio Manager
Business Overview
RENN Fund, Inc. (the Fund) is a registered, non-diversified, closed-end management investment company. The investment objective of the Fund is to provide shareholders with above-market rates of return through capital appreciation and income by investment process that invests in a variety of financial instruments, including common stocks, fixed income and other instruments. In addition, the Fund may sell short stocks, exchange traded funds and exchange traded notes. It invests in various sectors, including aerospace and defense; communication services; marine shipping; metal mining; medicinal chemicals and botanical products; oil and gas; other financial investment activities; real estate; securities and commodity exchanges; technology services; surgical and medical instruments and apparatus, and securities, commodity contracts and other financial investments and related activities. Horizon Kinetics Asset Management LLC is the investment advisor of the Fund.
Financial Overview
For the fiscal year ended 31 December 2023, Renn Fund Inc revenues increased 28% to $286K. Net loss decreased 79% to $885K. Revenues reflect Interest increase from $73K to $239K, Dividend Income - Investments remaining flat at $0K. Lower net loss reflects Unrealized G/L on Investment Securities decrease of 80% to $850K (expense), Securities sold short increase from $0K to $1K (income).
Reporting Currency: U.S. Dollars
Enterprise value: $11.13M as of Dec 31, 2023
Annual revenue (TTM): $0.29M as of Dec 31, 2023
EBITDA (TTM): $0.01M as of Dec 31, 2023
Net annual income (TTM): -$0.88M as of Dec 31, 2023
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 7,015,786 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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