Murray Stahl, the CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), recently acquired additional shares in the company. According to a recent SEC filing, Stahl purchased a total of 14 shares of Horizon Kinetics common stock on November 25, 2024, at a price of $39.75 per share. This acquisition represents a total value of $556.
Following these transactions, Stahl directly owns 248,674 shares, while indirectly holding significant shares through various entities, including Horizon Common Inc. and FRMO Corp. Notably, a substantial portion of these shares was acquired during a merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc. earlier this year. However, many of these shares are not currently available for trading, as noted in the filing's footnotes.
Investors may find these transactions of interest as they reflect the CEO's ongoing investment in the company.
InvestingPro Insights
Murray Stahl's recent purchase of Horizon Kinetics Holding Corp (NASDAQ:HKHC) shares aligns with several positive indicators highlighted by InvestingPro. The company's stock has shown strong performance, with InvestingPro data revealing a remarkable 55.41% price total return over the past year. This robust growth is further emphasized by the stock's 38.76% return in just the last month, suggesting significant momentum.
InvestingPro Tips point out that HKHC holds more cash than debt on its balance sheet, indicating a solid financial position. This strength is complemented by the fact that the company's liquid assets exceed short-term obligations, providing financial flexibility.
However, investors should note that HKHC is trading at a high earnings multiple, with a P/E ratio of 37.67. This valuation suggests that the market has high expectations for the company's future growth. The stock's high price volatility, another InvestingPro Tip, aligns with the significant price movements observed in recent months.
For those seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for HKHC, providing a deeper understanding of the company's financial health and market position. These insights can be valuable for investors looking to make informed decisions in light of the CEO's recent share acquisition.
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