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In a recent transaction, Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (HKHC), acquired additional shares of the company. According to a filing with the Securities and Exchange Commission, Stahl purchased a total of 10 shares of Horizon Kinetics’ common stock at a price of $41.75 per share. The total value of the transaction amounted to $417. This insider purchase comes as the company, currently valued at $745 million, trades at an attractive P/E ratio of 9.9x. InvestingPro analysis shows the stock has delivered an impressive 61% return over the past year.
The acquisition, dated May 30, 2025, includes 8 shares acquired directly by Stahl and 2 shares purchased indirectly through Horizon Common Inc., a company over which Stahl exercises discretion. Following these transactions, Stahl now directly owns 248,801 shares, while Horizon Common Inc. holds 8,216,547 shares, with Stahl having a 21% beneficial interest.
The shares acquired are part of a broader portfolio, with other holdings indirectly managed by Stahl through entities such as FRMO Corp., Kinetics Institutional Partners LP, and others. These holdings are a result of a merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc.
Stahl’s acquisition reflects continued confidence in the company’s prospects, aligning with his significant roles as both CEO and CIO of Horizon Kinetics.
In other recent news, Horizon Kinetics Holding Corp reported significant financial developments for the first quarter of 2025. The company saw a substantial increase in revenues, reaching $19.8 million, a 63.6% rise from $12.1 million in the same period last year. This growth was attributed to new fund launches and strategic investments, with assets under management approaching $11 billion. Despite these positive earnings results, the stock price experienced a decline, reflecting broader market conditions. Horizon Kinetics also expanded its ETF offerings, including the launch of the Japan Owner Operator Fund. The firm is exploring uplisting opportunities and potential stock offerings, highlighting its strategic focus on long-term growth. Additionally, the company remains engaged in cryptocurrency investments, which are classified as property rather than security, offering potential tax advantages. These recent developments underscore Horizon Kinetics’ ongoing efforts to innovate and adapt in a competitive market.
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