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Horizon Kinetics Holding Corp (NASDAQ:HKHC), a $763 million market cap company with strong financial health according to InvestingPro, saw its CEO and CIO Murray Stahl recently make a purchase of common stock in the company, according to a recent SEC filing. On June 3, 2025, Stahl acquired 10 shares at a price of $41 each, amounting to a total transaction value of $410.
The transaction involved two separate purchases: one for 8 shares and another for 2 shares. Following these transactions, Stahl holds 248,817 shares directly. Additionally, through Horizon Common Inc., where he exercises discretion, he now oversees 8,216,551 shares, although he owns only 21% of these shares, disclaiming beneficial ownership over the rest.
These acquisitions are part of Stahl’s continued involvement in the company following a merger with Scotts Liquid Gold-Inc., which significantly increased the shares controlled by entities associated with him. InvestingPro analysis reveals 8 additional key insights about HKHC’s financial position, including its strong balance sheet with more cash than debt and excellent liquidity metrics.
In other recent news, Horizon Kinetics Holding Corp reported a significant revenue increase for the first quarter of 2025. The company’s revenue rose to $19.8 million, up from $12.1 million in the same period last year, marking a 63.6% year-over-year growth. This robust performance was driven by new fund launches, such as the Japan Owner Operator Fund, and the expansion of its ETF offerings. Assets under management approached $11 billion, reflecting strong growth. Despite these positive developments, the stock price experienced a decline, which the company attributes to broader market conditions. Horizon Kinetics is exploring uplisting opportunities and potential stock offerings or reverse mergers as part of its strategic initiatives. The company remains focused on innovation and long-term growth strategies, particularly in smaller market cap stocks and the evolving cryptocurrency market. Analyst firm Horizon Kinetics has not indicated any upgrades or downgrades, but their strategic initiatives suggest a forward-looking approach.
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