NEW YORK—Murray Stahl, the CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), recently acquired a total of 14 shares of the company's common stock. The shares were purchased at a price of $40 each, amounting to a total investment of $560. The stock, currently trading at $38.76, has shown remarkable strength with a 60% return over the past year. According to InvestingPro analysis, the company maintains a healthy financial position with a "GOOD" overall health score.
These transactions were reported in a recent SEC filing, indicating the acquisitions took place on December 6, 2024. Post-transaction, Stahl holds a significant number of shares both directly and indirectly. With a market capitalization of $722 million and a P/E ratio of 37.6, HKHC demonstrates strong liquidity with a current ratio of 3.07. InvestingPro subscribers can access 8 additional key insights about the company's valuation and performance metrics.
The transactions reflect Stahl's continued investment in Horizon Kinetics, a company known for its investment advisory services. While the shares acquired are relatively small in number, they are part of a broader portfolio of holdings that Stahl manages, both personally and through various entities, including Horizon Common Inc. and FRMO Corp.
Footnotes in the filing reveal that a substantial portion of Stahl's shares were received as part of a merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc, and many of these shares are not available for trading. Despite the limited trading availability, Stahl maintains a significant interest and discretion over the shares reported.
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