Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (HKHC), recently acquired a small number of shares in the company, according to a recent SEC filing. The transactions, completed on December 5, 2024, involved the purchase of 14 shares at a price of $43.10 each, totaling approximately $603. The purchase price sits near the middle of HKHC's 52-week range of $19.50 to $53.00, with the company currently valued at approximately $745 million.
Following these transactions, Stahl's direct ownership includes 248,730 shares, with additional indirect holdings through various entities. Notably, a significant portion of these shares were acquired as part of a merger with Scotts Liquid Gold-Inc earlier this year, though many are not available for trading. The company has demonstrated strong performance, with a 60% return over the past year. According to InvestingPro analysis, HKHC maintains robust financial health with a solid balance sheet, holding more cash than debt. This filing provides insight into Stahl's ongoing investment in the company, reflecting his continued commitment to Horizon Kinetics.
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