On November 14, 2024, Brent Rosenthal, a Director at Horizon Kinetics Holding Corp (HKHC, Financial), bought 300 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's total holdings to 300 shares.
Horizon Kinetics Holding Corp is involved in the investment management and research industry, focusing on long-term, contrarian investments. The company leverages its proprietary research to invest primarily in under-followed, undervalued securities and to exploit market inefficiencies.
The shares were purchased at a price of $38.06 each, valuing the transaction at $11,418. This acquisition comes at a time when the stock is considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 12.16. The GF Value is a proprietary measure used to predict the fair value of a stock, incorporating historical trading multiples, a GuruFocus adjustment factor, and expected future business performance.
The market cap of Horizon Kinetics Holding Corp stands at $722.096 million as of the latest trading price. The company's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical data, adjustments for past performance, and analyst estimates of future business outcomes.
Over the past year, there have been 12 insider buys and no insider sells at Horizon Kinetics Holding Corp. This trend suggests a positive sentiment among the company's insiders regarding its future prospects.
This insider buying activity could be a signal to investors about the perceived value of the stock at current prices, despite the market's valuation. Investors often look at insider transactions as a key indicator of confidence in the company's future performance.
For more detailed information on insider transactions and stock performance, investors and analysts are encouraged to view the full SEC filings and keep an eye on future filings to gauge insider sentiment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
