Murray Stahl, the CEO and Chief Investment Officer of Horizon Kinetics Holding Corp (NASDAQ:HKHC), recently acquired additional shares of the company. According to a Form 4 filing with the Securities and Exchange Commission, Stahl purchased a total of 14 shares of common stock on November 27, 2024, at a price of $41 per share. This transaction amounts to a total value of $574. The purchase comes as HKHC, currently valued at $743.55 million, has demonstrated strong performance with a 55.81% return over the past year. InvestingPro analysis indicates the stock is trading above its calculated Fair Value, with 11 additional key insights available to subscribers.
Following these transactions, Stahl holds a substantial number of shares both directly and indirectly. Directly, he now owns 248,690 shares. Indirectly, he holds shares through various entities, including 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, acquired in a merger earlier this year, are not available for trading. The company maintains a strong financial position with a "GOOD" overall health score according to InvestingPro, supported by a healthy current ratio of 3.07 and minimal debt levels.
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