Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (NYSE:HKHC), recently acquired shares in the company, according to a Form 4 filing with the Securities and Exchange Commission. On December 4, Stahl purchased a total of 14 shares of Horizon Kinetics common stock at a price of $41.25 per share, amounting to a total transaction value of $577. The purchase comes as HKHC, currently valued at $736.1 million, has shown remarkable strength with a 58% gain over the past six months. InvestingPro analysis indicates the stock is trading above its Fair Value, with 11 more exclusive insights available to subscribers.
Following these acquisitions, Stahl's direct holdings in Horizon Kinetics include 248,722 shares, with additional shares held indirectly through various entities. Notably, a significant portion of these shares were received as part of a merger with Scotts Liquid Gold-Inc. earlier this year and are not available for trading. Stahl maintains a substantial influence over these shares, although he disclaims beneficial ownership over a portion of them. The company demonstrates solid financial health with a current ratio of 3.07, indicating strong liquidity to meet short-term obligations.
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