RENN Fund（纽约证券交易所美国股票代码：RCG）股价下跌1.1％

RENN Fund, Inc. (NYSEAMERICAN:RCG – Get Rating)'s share price dropped 1.1% during trading on Thursday . The stock traded as low as $1.75 and last traded at $1.75. Approximately 13,638 shares were traded during trading, an increase of 25% from the average daily volume of 10,926 shares. The stock had previously closed at $1.77.

RENN Fund Price Performance

RENN Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 23rd were paid a dividend of $0.0035 per share. This represents a yield of 0.18%. The ex-dividend date was Thursday, December 22nd.

Institutional Investors Weigh In On RENN Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Horizon Kinetics Asset Management LLC lifted its stake in RENN Fund by 6.1% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 477,918 shares of the company's stock valued at $865,000 after buying an additional 27,654 shares during the last quarter. Moors & Cabot Inc. lifted its stake in RENN Fund by 2.6% in the third quarter. Moors & Cabot Inc. now owns 204,686 shares of the company's stock valued at $438,000 after buying an additional 5,281 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in RENN Fund by 62.8% in the first quarter. Bank of America Corp DE now owns 19,657 shares of the company's stock valued at $42,000 after buying an additional 7,579 shares during the last quarter.

RENN Fund Company Profile

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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.

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