Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), recently acquired shares of the company's common stock. According to a recent SEC filing, Stahl purchased a total of 14 shares on November 20, 2024, at a price of $37.50 per share, bringing the total transaction value to $525.
Following these transactions, Stahl's direct ownership of Horizon Kinetics shares stands at 248,650. Additionally, he holds indirect stakes through entities such as Horizon Common Inc., FRMO Corp., Kinetics Institutional Partners LP, Kinetics Partners LP, and Horizon Kinetics Asset Management LLC. However, a significant portion of these shares, received as part of a merger with Scott's Liquid Gold-Inc, are not available for trading.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on Horizon Kinetics Holding Corp's financial position and market performance. The company's market capitalization stands at $670.87 million, reflecting its current valuation in the market.
Notably, Horizon Kinetics has demonstrated strong recent performance, with InvestingPro Tips highlighting a robust return over the last month and three months. This aligns with the stock's impressive 47.44% price return over the past month and 35.85% over the last quarter, as reported by InvestingPro Data. These figures provide context to CEO Murray Stahl's recent share acquisition, suggesting confidence in the company's trajectory.
InvestingPro Tips also reveal that Horizon Kinetics holds more cash than debt on its balance sheet and has liquid assets exceeding short-term obligations. These factors contribute to the company's financial stability, which may be of interest to investors considering the stock.
It's worth noting that Horizon Kinetics is trading at high valuation multiples across various metrics, including earnings, EBIT, EBITDA, and revenue. This information, combined with the company's profitability over the last twelve months, paints a picture of a growth-oriented firm that investors are willing to pay a premium for.
For readers interested in a more comprehensive analysis, InvestingPro offers 12 additional tips for Horizon Kinetics Holding Corp, providing a deeper dive into the company's financial health and market position.
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