Horizon Kinetics CEO Murray Stahl purchases $417 in company stock

In recent transactions filed with the SEC, Murray Stahl, the CEO and CIO of Horizon Kinetics Holding Corp (NASDAQ:HKHC), made notable acquisitions of the company’s common stock. On May 23, Stahl purchased a total of 10 shares at a price of $41.79 per share, amounting to a total transaction value of $417. The timing is noteworthy as InvestingPro data shows HKHC shares have surged 15.4% in the past week and 67% over the last year, with the stock currently trading at $42.

The purchases were made in two separate transactions. Stahl acquired 8 shares directly, while Horizon Common Inc., an entity over which he exercises discretion, acquired 2 shares. These transactions reflect Stahl’s ongoing involvement and investment in Horizon Kinetics. According to InvestingPro analysis, the company maintains strong financial health with a current ratio of 3.71 and trades at a P/E of 10.4, though current prices suggest the stock may be slightly overvalued.

Following these transactions, Stahl’s direct ownership stands at 248,769 shares. Horizon Common Inc., which holds a larger position, now owns 8,216,539 shares. It is important to note that Stahl owns approximately 21% of the shares held by Horizon Common Inc., disclaiming beneficial ownership of the remainder.

These acquisitions come in the wake of a merger between Horizon Kinetics LLC and Scotts Liquid Gold-Inc., which significantly increased the shareholdings of both Stahl and Horizon Common Inc. in the company.

In other recent news, Horizon Kinetics Holding Corp reported a significant increase in revenue for the first quarter of 2025, reaching $19.8 million compared to $12.1 million in the same period last year. The company attributes this growth to new fund launches and strategic investments, with assets under management nearing $11 billion. Additionally, Horizon Kinetics expanded its ETF offerings, including the launch of the Japan Owner Operator Fund. Despite these positive financial results, the company’s stock price experienced a decline, which analysts attribute to broader market conditions. The company continues to explore uplisting opportunities and potential stock offerings or reverse mergers. Analysts from various firms have not provided any upgrades or downgrades for the stock at this time. The company remains focused on long-term investments, particularly in smaller market cap stocks and the evolving cryptocurrency market.

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