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In a recent filing with the Securities and Exchange Commission, Murray Stahl, CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), reported purchasing common stock worth a total of $470. The transactions, which took place on June 9, 2025, involved the acquisition of 10 shares at a price of $47 each. The purchase comes as HKHC shows strong momentum, with the stock up nearly 15% in the past week and an impressive 89% over the last year.
Stahl’s acquisition increased his direct ownership to 248,849 shares. Additionally, Horizon Common Inc., another entity associated with Stahl, acquired two shares, bringing its total holdings to 8,216,559 shares. This transaction is part of the broader context of Stahl’s involvement in the company, where he holds multiple roles, including being a director and a significant shareholder. The company maintains strong financial health with a current ratio of 3.71 and minimal leverage, as indicated by a debt-to-equity ratio of just 0.02. InvestingPro analysis suggests the stock is currently trading near its Fair Value.
The filing also details various indirect holdings by Stahl through entities such as FRMO Corp., Kinetics Institutional Partners LP, Kinetics Partners LP, and Horizon Kinetics Asset Management LLC. These holdings reflect Stahl’s extensive involvement and influence within Horizon Kinetics and its associated entities. Get deeper insights into HKHC’s valuation and 10 additional ProTips with InvestingPro.
In other recent news, Horizon Kinetics Holding Corp reported a significant increase in revenues for the first quarter of 2025, reaching $19.8 million, a notable rise from $12.1 million in the same period last year. This 63.6% year-over-year growth was driven by the company’s innovative strategies, including the launch of the Japan Owner Operator Fund and expansion of its ETF offerings. The firm also saw its assets under management approach $11 billion, underscoring robust growth. Despite these positive financial results, the stock experienced a decline, reflecting broader market conditions and investor sentiment.
Horizon Kinetics is exploring potential uplisting opportunities and considering stock offerings or reverse mergers as part of its strategic initiatives. The company remains focused on long-term, patient investing, with a keen interest in emerging opportunities within smaller market cap stocks and the cryptocurrency market. CEO Murray Stahl emphasized the company’s strategic focus on innovation, noting the evolving role of cryptocurrency in their business model. Additionally, the firm’s cash balance was reported at $34 million, with no third-party debt, highlighting a strong financial position.
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