Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (NYSE:HKHC), has increased his holdings in the company through recent stock purchases. According to a recent SEC filing, Stahl acquired a total of 14 shares of common stock at a price of $38.75 per share, amounting to a total transaction value of $542.
The transactions, which took place on November 22, 2024, reflect Stahl's direct and indirect ownership interests in the company. Following these transactions, Stahl now holds a substantial number of shares in various capacities, including direct ownership and through entities such as Horizon Common Inc. and FRMO Corp. Some of these shares were acquired earlier in connection with a merger and are not available for trading.
This move comes as part of Stahl's broader strategy to consolidate his stake in Horizon Kinetics, a company involved in perfumes, cosmetics, and other toilet preparations, according to its standard industrial classification. Horizon Kinetics is based in New York, with its business operations extending through various subsidiaries and partnerships.
InvestingPro Insights
Murray Stahl's recent purchase of Horizon Kinetics Holding Corp (NYSE:HKHC) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock has shown strong performance, with InvestingPro data revealing a 54.6% price total return over the past year and an impressive 38.04% return in the last month alone. This upward trajectory supports Stahl's decision to increase his stake.
InvestingPro Tips point out that HKHC holds more cash than debt on its balance sheet, indicating a solid financial position. This financial strength is further underscored by the fact that the company's liquid assets exceed its short-term obligations, suggesting good liquidity management.
While HKHC is trading at a high earnings multiple with a P/E ratio of 37.86, it's worth noting that the company has been profitable over the last twelve months. The revenue growth of 20.57% in the most recent quarter also paints a picture of a company on an upward trajectory.
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.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.