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RENN Fund

AMEX:RCG
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RCG
AMEX
$7M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

RENN Fund, Inc. is a closed ended equity mutual fund launched by RENN Capital Group, Inc. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • RENN Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • RENN Fund has significant price volatility in the past 3 months.
RCG Share Price and Events
7 Day Returns
0%
AMEX:RCG
-0.1%
US Capital Markets
-0.8%
US Market
1 Year Returns
9.4%
AMEX:RCG
-7.3%
US Capital Markets
7%
US Market
RCG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RENN Fund (RCG) 0% -12.7% -5.6% 9.4% 38.8% -4.4%
US Capital Markets -0.1% 7.9% 3.4% -7.3% 54% 71.3%
US Market -0.8% 2.7% 7.5% 7% 37.9% 47%
1 Year Return vs Industry and Market
  • RCG outperformed the Capital Markets industry which returned -7.3% over the past year.
  • RCG outperformed the Market in United States of America which returned 7% over the past year.

Value

 Is RENN Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RENN Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for RENN Fund.

AMEX:RCG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $1.47 * 3.3%
$0.05
Book Value of Equity per Share Median Book Value from the past 5 years. $1.47
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AMEX:RCG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.727 (1 + (1- 21%) (22.13%))
0.902
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.902 * 5.96%)
8.11%

Discounted Cash Flow Calculation for AMEX:RCG using Excess Returns Model Model

The calculations below outline how an intrinsic value for RENN Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AMEX:RCG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.3% – 8.11%) * $1.47)
$-0.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.07 / (8.11% - 2.73%)
$-1.32
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $1.47 + $-1.32
$0.15
AMEX:RCG Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.15
Current discount Discount to share price of $1.51
= -1 x ($1.51 - $0.15) / $0.15
-932.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of RENN Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RENN Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RENN Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:RCG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.43
AMEX:RCG Share Price ** AMEX (2019-04-22) in USD $1.51
United States of America Capital Markets Industry PE Ratio Median Figure of 87 Publicly-Listed Capital Markets Companies 30.77x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of RENN Fund.

AMEX:RCG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:RCG Share Price ÷ EPS (both in USD)

= 1.51 ÷ 0.43

3.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RENN Fund is good value based on earnings compared to the US Capital Markets industry average.
  • RENN Fund is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does RENN Fund's expected growth come at a high price?
Raw Data
AMEX:RCG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.67x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for RENN Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RENN Fund's assets?
Raw Data
AMEX:RCG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.90
AMEX:RCG Share Price * AMEX (2019-04-22) in USD $1.51
United States of America Capital Markets Industry PB Ratio Median Figure of 170 Publicly-Listed Capital Markets Companies 7.11x
United States of America Market PB Ratio Median Figure of 5,186 Publicly-Listed Companies 1.91x
AMEX:RCG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:RCG Share Price ÷ Book Value per Share (both in USD)

= 1.51 ÷ 1.90

0.8x

* Primary Listing of RENN Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • RENN Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess RENN Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. RENN Fund has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is RENN Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RENN Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RENN Fund expected to grow at an attractive rate?
  • Unable to compare RENN Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare RENN Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare RENN Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:RCG Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:RCG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:RCG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -2 2
2018-09-30 0 -2 2
2018-06-30 0 -3 1
2018-03-31 0 0 0
2017-12-31 0 2 -1
2017-09-30 0 -1 0
2017-06-30 0 -4 1
2017-03-31 0 -4 1
2016-12-31 0 -4 1
2016-09-30 0 -1 -1
2016-06-30 0 1 -4
2016-03-31 0 2 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if RENN Fund is high growth as no earnings estimate data is available.
  • Unable to determine if RENN Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:RCG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from RENN Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:RCG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.43
2018-09-30 0.34
2018-06-30 0.25
2018-03-31 0.03
2017-12-31 -0.17
2017-09-30 0.05
2017-06-30 0.27
2017-03-31 0.27
2016-12-31 0.27
2016-09-30 -0.27
2016-06-30 -0.82
2016-03-31 -0.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if RENN Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess RENN Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RENN Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has RENN Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RENN Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RENN Fund has delivered over 20% year on year earnings growth in the past 5 years.
  • RENN Fund has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • RENN Fund has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
RENN Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from RENN Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:RCG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.06 1.93 0.22
2018-09-30 0.05 1.51 0.23
2018-06-30 0.05 1.09 0.25
2018-03-31 0.04 0.15 0.31
2017-12-31 0.03 -0.79 0.38
2017-09-30 0.02 0.21 0.47
2017-06-30 0.01 1.22 0.56
2017-03-31 0.01 1.22 0.64
2016-12-31 0.01 1.22 0.73
2016-09-30 0.01 -1.22 0.65
2016-06-30 0.01 -3.66 0.57
2016-03-31 0.00 -3.70 0.52
2015-12-31 0.00 -3.74 0.46
2015-09-30 0.00 -2.83 0.50
2015-06-30 0.00 -1.92 0.54
2015-03-31 0.00 -1.30 0.53
2014-12-31 0.00 -0.68 0.52
2014-09-30 0.00 -1.25 0.52
2014-06-30 0.00 -1.83 0.52
2014-03-31 0.02 -1.28 0.58
2013-12-31 0.04 -0.73 0.63
2013-09-30 0.08 0.47 0.64
2013-06-30 0.12 1.66 0.66
2013-03-31 0.13 1.72 0.69
2012-12-31 0.13 1.77 0.72
2012-09-30 -0.09 0.60 0.70
2012-06-30 -0.30 -0.56 0.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • RENN Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • RENN Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if RENN Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess RENN Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RENN Fund has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is RENN Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RENN Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RENN Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • RENN Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RENN Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from RENN Fund Company Filings, last reported 3 months ago.

AMEX:RCG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8.48 1.49 0.01
2018-09-30 8.48 1.49 0.01
2018-06-30 7.56 3.68 0.00
2018-03-31 7.56 3.68 0.00
2017-12-31 6.55 0.00
2017-09-30 6.55 0.00
2017-06-30 6.46 0.96 0.01
2017-03-31 6.46 0.96 0.01
2016-12-31 7.34 1.94 0.01
2016-09-30 7.34 1.94 0.01
2016-06-30 5.24 0.00 2.64
2016-03-31 5.24 0.00 2.64
2015-12-31 6.12 0.00 2.23
2015-09-30 6.12 0.00 2.23
2015-06-30 8.90 0.00 1.26
2015-03-31 8.90 0.00 1.26
2014-12-31 9.86 0.00 0.51
2014-09-30 9.86 0.00 0.51
2014-06-30 10.82 0.00 0.70
2014-03-31 10.82 0.00 0.70
2013-12-31 10.54 0.00 1.49
2013-09-30 10.54 0.00 1.49
2013-06-30 12.64 1.80 1.53
2013-03-31 12.64 1.80 1.53
2012-12-31 11.27 1.80 1.52
2012-09-30 11.27 1.80 1.52
2012-06-30 10.98 0.00 1.33
  • RENN Fund's level of debt (17.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 17.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on RENN Fund's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess RENN Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RENN Fund has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is RENN Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from RENN Fund dividends.
If you bought $2,000 of RENN Fund shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate RENN Fund's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate RENN Fund's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:RCG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AMEX:RCG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-08-19 0.000 0.000
2010-03-11 0.000 0.000
2009-09-08 0.000 0.000
2009-05-12 0.000 0.000
2009-04-24 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as RENN Fund has not reported any payouts.
  • Unable to verify if RENN Fund's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of RENN Fund's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as RENN Fund has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess RENN Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can RENN Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RENN Fund has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of RENN Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Cleveland
COMPENSATION $0
AGE 79
TENURE AS CEO 25.3 years
CEO Bio

Mr. George Russell Cleveland, CFA founded RENN Capital Group, Inc., in 1973 and served as its President, Chief Executive Officer and Portfolio Manager. He serves as the President and Chief Operating Officer of Renaissance Capital Partners Ltd. He serves as a Manager of Renaissance U.S. Growth and Income Trust PLC and U.S. Portfolio Manager of BFS U.S. Special Opportunities trust PLC. He has vast years of experience as a specialist in investments in smaller capitalization companies, of which many years he spent as a Portfolio Manager specializing in the investment of common stocks and convertibles of small private and publicly traded companies. He served as Chief Executive Officer of Tutogen Medical, Inc. since January 1, 2005 and served as its President. He served as Chairman of the Board and Acting Chief Executive Officer at Integrated Security Systems Inc since April 01, 2011. He served as the President of the Dallas Association of Investment Analysts. He served as the Chairman and Director of Receivable Acquisition & Management Corporation. He serves as a Member of Board of Advisors at AnchorFree, Inc. He has been a Member of Dallas Advisory Board at Compass Bank since June 2014. He has been a Director of BPO Management Services, Inc. since December 30, 2008. He serves on the Boards of Directors of Renaissance US Growth & Income Trust and BFS US Special Opportunities Trust. He serves as a Member of Special Advisory Board at Companyfinance.com, Inc. He has been a Member of the Board of Directors at Tutogen Medical, Inc. since 1997. Mr. Cleveland serves on the Boards of Directors of RENN Global and RUSGIT. He also serves as a Director of Technology Research, Inc. In addition, he serves on the Board of Directors of UNICO, Inc. and Biopharmaceutics, Inc. He served as a Director of iSatori, Inc. from February 2001 to October 01, 2015. He served as a Director of Cover-All Technologies Inc. since July 2001. He served as a Director of Access Plans, Inc. from April 1, 2009 to Mach 31, 2009. He served as a Director of Danzer Corporation and Bentley Pharmaceuticals, Inc. He served as a Director of RENN Capital Group Inc. from April 24, 1996 to June 21, 2011. He served as Director of RENN Universal Growth Investment Trust PLC from April 1996 to June 2011 and Integrated Security Systems Inc. since February 2001. He served as Director of XDRIC, Inc. since August 2001. He served as a Director at DRI Corporation since August 2001. He served as a Director of CMSF Corp. since February 2004. Mr. Cleveland served as a Director of Access Plans USA, Inc. from September 2005 to March 31, 2009. He served as a Director of Receivable Acquisition and Management Corp. and SIMTEK Corp. He served as a Director of Greiner Engineering, Inc. since 1983, Plures Technologies, Inc. until September 11, 2011, Benz Energy, Inc. from June 2, 1999 to January 2000 and Global Special Opportunities Trust PLC until August 12, 2005. He has appeared numerous times as a small cap analyst on CNBC and was quoted for his investment insights and strategies in The Wall Street Journal and Barron's. He is a Chartered Financial Analyst. Mr. Cleveland is a Graduate of the Wharton School of Commerce and Finance of the University of Pennsylvania.

CEO Compensation
  • Insufficient data for George to compare compensation growth.
  • Insufficient data for George to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the RENN Fund management team in years:

13.5
Average Tenure
63
Average Age
  • The average tenure for the RENN Fund management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

George Cleveland

TITLE
Chairman
AGE
79
TENURE
25.3 yrs

Kevin McAleer

TITLE
Acting Chief Financial Officer
AGE
67
TENURE
6.3 yrs

Z. Eric Stephens

TITLE
Vice President
AGE
50
TENURE
12.7 yrs

Scott Douglass

TITLE
Vice President
AGE
59
TENURE
14.4 yrs
Board of Directors Tenure

Average tenure and age of the RENN Fund board of directors in years:

21.3
Average Tenure
78.5
Average Age
  • The average tenure for the RENN Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

George Cleveland

TITLE
Chairman
AGE
79
TENURE
25.3 yrs

Ernest Hill

TITLE
Independent Director
AGE
78
TENURE
25.3 yrs

Charles Pierce

TITLE
Independent Director
AGE
83
TENURE
17.3 yrs

Phil McCormick

TITLE
Director
AGE
75
TENURE
13.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by RENN Fund insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Apr 19 Buy Alice Brennan Individual 02. Apr 19 02. Apr 19 500 $1.61 $805
20. Mar 19 Buy Herbert Chain Individual 19. Mar 19 19. Mar 19 500 $1.79 $895
13. Mar 19 Buy Murray Stahl Individual 31. Oct 18 31. Oct 18 400 $1.47 $588
X
Management checks
We assess RENN Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RENN Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

RENN Fund, Inc. is a closed ended equity mutual fund launched by RENN Capital Group, Inc. The fund is co-managed by Horizon 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.

Details
Name: RENN Fund, Inc.
RCG
Exchange: AMEX
Founded: 1994
$6,740,590
4,463,967
Website: http://www.rencapital.com
Address: RENN Fund, Inc.
8080 North Central Expressway,
Suite 210, LB 59,
Dallas,
Texas, 75206-1857,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX RCG Common Stock NYSE MKT LLC US USD 30. Apr 1996
Number of employees
Current staff
Staff numbers
0
RENN Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 00:23
End of day share price update: 2019/04/22 00:00
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.