Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), has recently increased his stake in the company by purchasing additional shares. According to a recent SEC filing, Mr. Stahl acquired 14 shares of common stock on December 9, 2024, at a price of $43.21 per share, totaling $604. The stock, currently trading at $40 with a market capitalization of $745 million, has shown remarkable strength with a 60% gain over the past six months. InvestingPro analysis indicates the company maintains a GOOD financial health score, supported by strong liquidity metrics.
The transactions involved both direct and indirect ownership. Directly, he now owns 248,746 shares, while indirectly through Horizon Common Inc., he holds 8,216,533 shares. Notably, a significant portion of these shares were received as part of a merger with Scotts Liquid Gold-Inc. earlier this year, with most not available for trading. Trading at a P/E ratio of 38.8 and maintaining a healthy current ratio of 3.07, the company demonstrates solid financial positioning. Discover more insider trading patterns and detailed financial metrics with InvestingPro, which offers 10+ additional investment insights for HKHC.
Mr. Stahl also exercises discretion over shares held by various entities, including FRMO Corp., Kinetics Institutional Partners LP, Kinetics Partners LP, and Horizon Kinetics Asset Management LLC, though he disclaims beneficial ownership except for his pecuniary interest.
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