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Murray Stahl, the CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), has increased his stake in the company through recent stock purchases. According to a recent SEC filing, Stahl acquired a total of 14 shares of Horizon Kinetics common stock on November 29, 2024. The shares were purchased at a price of $39.50 each, amounting to a total transaction value of $553. The purchase comes as HKHC, currently valued at $727 million, has demonstrated strong momentum with a 56% gain over the past six months. InvestingPro analysis suggests the stock is trading above its Fair Value, with a P/E ratio of 38x.
Following these acquisitions, Stahl holds a significant number of shares both directly and indirectly. However, a substantial portion of his holdings, acquired through a merger on August 1, 2024, is not available for trading. As of the latest filing, Stahl's direct ownership stands at 248,698 shares, with additional shares held indirectly through various entities, including Horizon Common Inc. and FRMO Corp.
These transactions underscore Stahl's ongoing commitment to Horizon Kinetics, as he continues to consolidate his position within the company.
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