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.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
HKHC: A Bull or Bear Market Play?
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