Horizon Kinetics director Allison Nagelberg gets $1,949 worth of shares via Investing.com
In the most recent transaction reported to the Securities and Exchange Commission, Allison Nagelberg, director at Horizon Kinetics Holding Corp (NASDAQ:HKHC), acquired 50 shares of the company’s common stock. The shares were purchased at a price of $38.99 each, which equates to a total transaction value of $1,949. After this purchase, Nagelberg has 250 shares directly. The acquisition marks Nagelberg’s continued investment in the company, which operates in the perfume, cosmetics, and other home care industries.
InvestingPro Insights
Allison Nagelberg’s recent purchases of Horizon Kinetics Holding Corp (NASDAQ:HKHC) shares are in line with several positive indicators highlighted by InvestingPro. The company’s shares have shown strong performance, with InvestingPro data showing an impressive price return of 58.16% over the past month and an even more impressive return of 68.48% over the past three months. This upward trajectory suggests growing investor confidence in HKHC’s prospects.
InvestingPro Tips reveals that HKHC holds more cash than debt on its balance sheet, indicating a strong financial position. This financial stability is also emphasized by the fact that the company’s liquid assets exceed its short-term liabilities. These factors may have influenced Nagelberg’s decision to increase his stake in the company.
It is worth noting that HKHC is trading at high multiples, with a P/E Ratio (Adjusted) of 484.79 for the last twelve months from Q3 2024. This ratio suggests that investors expect high growth for the company, which operates in the fragrance industry. cosmetics, and other home improvement industries.
For investors looking for a comprehensive analysis, InvestingPro offers 12 additional tips for HKHC, providing a deeper understanding of the company’s financial health and market conditions.
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