Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), recently acquired additional shares of the company's common stock, as reported in a recent SEC filing. On December 3, 2024, Stahl purchased a total of 14 shares at $40.75 each, amounting to a total investment of $570. The stock, currently trading at $41.25, has shown remarkable strength with a 65% gain year-to-date.
Following these acquisitions, Stahl's direct ownership increased, with a total of 248,714 shares now held directly. Additionally, through indirect ownership via Horizon Common Inc., Stahl holds 8,216,509 shares, of which a significant portion is not available for trading due to restrictions linked to a merger with Scotts Liquid Gold-Inc. earlier this year. According to InvestingPro, HKHC maintains strong financial health with a current ratio of 3.07, indicating solid liquidity.
The transactions highlight Stahl's continued involvement and investment in Horizon Kinetics, reinforcing his significant stake and influence within the $769 million market cap company. InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 11 additional key insights available to subscribers.
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