Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), recently acquired shares of the company, according to a recent SEC filing. On November 21, 2024, Stahl purchased a total of 14 shares of common stock at a price of $37 each, amounting to a total transaction value of $518.
Following these transactions, Stahl's direct and indirect ownership includes a variety of holdings. Notably, he directly owns 248,658 shares, with only 198 shares available for trading due to restrictions tied to a merger with Scotts Liquid Gold-Inc. Additionally, through indirect ownership, he holds shares in entities such as Horizon Common Inc., FRMO Corp., and Kinetics Institutional Partners LP, with significant portions of these shares not available for trading. These holdings reflect Stahl's substantial stake and influence within the company.
InvestingPro Insights
Murray Stahl's recent share acquisition aligns with several positive indicators for Horizon Kinetics Holding Corp (NASDAQ:HKHC). According to InvestingPro data, HKHC has demonstrated strong financial performance, with a revenue of $53.99 million in the last twelve months as of Q3 2023, and a notable revenue growth of 20.57% in Q3 2023. The company's profitability is evident, with a gross profit margin of 51.24% and an operating income margin of 9.53% for the same period.
InvestingPro Tips highlight that HKHC holds more cash than debt on its balance sheet, indicating a strong financial position. This aligns with Stahl's confidence in the company's future prospects. Additionally, the stock has shown a strong return over the last three months, with InvestingPro data revealing a 38.06% price total return over this period.
It's worth noting that HKHC is trading at a high earnings multiple, with a P/E ratio of 37.14. This suggests that investors have high expectations for the company's future growth, which may be supported by Stahl's insider buying activity.
For investors seeking a more comprehensive analysis, InvestingPro offers 12 additional tips for HKHC, providing deeper insights into the company's financial health and market position.
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