Moors & Cabot Inc. Sells 20,000 Shares of RENN Fund, Inc. (NYSE:RCG)

Moors & Cabot Inc. cut its stake in RENN Fund, Inc. (NYSE:RCG) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 243,960 shares of the company’s stock after selling 20,000 shares during the quarter. Moors & Cabot Inc.’s holdings in RENN Fund were worth $544,000 at the end of the most recent quarter.

Separately, Horizon Kinetics Asset Management LLC raised its stake in RENN Fund by 15.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 670,476 shares of the company’s stock worth $1,421,000 after buying an additional 90,668 shares in the last quarter. Hedge funds and other institutional investors own 8.26% of the company’s stock.

RENN Fund Stock Performance

Shares of RCG opened at $2.70 on Friday. The company has a 50-day simple moving average of $2.67 and a two-hundred day simple moving average of $2.39. RENN Fund, Inc. has a one year low of $1.53 and a one year high of $2.88.

RENN Fund Profile

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.