Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), recently expanded his stake in the company by purchasing 14 shares of common stock. The shares were acquired at $40 each, amounting to a total transaction value of $560. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission, dated December 6, 2024. The purchase comes as HKHC shares have shown remarkable strength, delivering a 60% return over the past year, according to InvestingPro data.
Following these transactions, Stahl's direct ownership stands at 248,738 shares. Additionally, he holds indirect interests through various entities, including Horizon Common Inc., FRMO Corp., and Kinetics Institutional Partners LP. However, a significant portion of these shares are not available for trading, as they were received in connection with the merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc. on August 1, 2024. The company, currently valued at $746 million, maintains a strong financial position with a healthy current ratio of 3.07.
Stahl's transactions reflect his continued confidence in Horizon Kinetics, a company known for its investment advice services. Investors will be watching closely to see how these moves align with the company's strategic direction. InvestingPro analysis suggests the stock is trading above its Fair Value, with additional insights available through their comprehensive financial health metrics and ProTips.
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