Brent D. Rosenthal, a director at Horizon Kinetics Holding Corp (NASDAQ:HKHC), has recently acquired 100 shares of the company's common stock. The transaction, which took place on November 19, 2024, was valued at $3,706, with each share purchased at a price of $37.06. Following this acquisition, Rosenthal now holds a total of 400 shares directly. This move comes as part of routine insider transactions and reflects Rosenthal's ongoing involvement with the company.
InvestingPro Insights
Brent D. Rosenthal's recent acquisition of Horizon Kinetics Holding Corp (NASDAQ:HKHC) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock has shown strong performance, with a 48.98% price return over the last month and a 55.98% return over the last three months. This upward momentum is further supported by the company's solid financial position.
According to InvestingPro data, HKHC boasts a market capitalization of $680.19 million and has demonstrated impressive revenue growth of 20.57% in the most recent quarter. The company's profitability is also noteworthy, with a gross profit margin of 51.24% for the last twelve months as of Q3 2024.
InvestingPro Tips reveal that HKHC holds more cash than debt on its balance sheet, indicating financial stability. Additionally, the company's liquid assets exceed short-term obligations, which suggests a strong liquidity position. These factors may have contributed to Rosenthal's decision to increase his stake in the company.
It's worth noting that HKHC is trading at a high earnings multiple, with a P/E ratio of 456.66 for the last twelve months as of Q3 2024. This valuation metric, combined with the stock's recent strong performance, indicates investor confidence in the company's future prospects.
For investors seeking a more comprehensive analysis, InvestingPro offers 12 additional tips for HKHC, providing a deeper understanding of the company's financial health and market position.
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