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In a recent transaction disclosed in an SEC filing, Murray Stahl, the CEO and Chief Investment Officer of Horizon Kinetics Holding Corp (NASDAQ:HKHC), purchased additional shares of the company’s common stock. On May 22, 2025, Stahl acquired a total of 10 shares at a price of $38.50 each, amounting to a total investment of $385. The stock, which now trades at $41.26 with a market capitalization of $769 million, has shown remarkable strength with a 59% return over the past year. InvestingPro analysis reveals the company maintains a strong financial health score of "GREAT," with minimal debt exposure.
The transaction details reveal that 8 of these shares were acquired directly by Stahl, while 2 shares were acquired indirectly through Horizon Common Inc., a company where Stahl exercises discretion over the shares. Following these transactions, Stahl’s direct ownership increased to 248,761 shares, and Horizon Common Inc. now holds a total of 8,216,537 shares, over which Stahl has partial discretion. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks.
These acquisitions come amidst a backdrop of previous transactions related to a merger between Horizon Kinetics LLC and Scott’s Liquid Gold-Inc., which significantly impacted share distributions among involved parties. The filing also notes Stahl’s indirect holdings through entities such as FRMO Corp., Kinetics Institutional Partners LP, and Horizon Kinetics Asset Management LLC, where he exercises discretion over the shares. Trading at a P/E ratio of 10.2, the stock has recently gained momentum with an 8% return in the past week.
In other recent news, Horizon Kinetics Holding Corp reported a significant increase in revenue for the first quarter of 2025. The company’s revenue rose to $19.8 million, marking a 63.6% increase 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 nearing $11 billion. Despite these positive results, the stock experienced a decline, reflecting broader market conditions. Additionally, Horizon Kinetics expanded its ETF offerings and launched the Japan Owner Operator Fund. The company’s strategic focus on long-term investments and innovation continues to drive its growth. Horizon Kinetics is also exploring potential uplisting opportunities and stock offerings. As the company navigates market challenges, its emphasis on strategic investments remains crucial.
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