Daniel Roller, director and 10% owner of Horizon Kinetics Holding Corp, acquired 500 shares of the company’s common stock on Aug. 26 for a total of $13,250 at a price of $26.50 per share.
The transaction follows the company’s second-quarter results, which reported a GAAP net loss attributable to shareholders of $18.4 million, or $0.99 per share, compared with a smaller loss in the prior-year period. Management and advisory revenues were essentially flat at $18.8 million year-over-year.
Horizon Kinetics’ stock was trading at $25.97 at the time of the director’s purchase, below the $26.50 acquisition price. InvestingPro estimates the company’s shares at a fair value of $29.95, with a trailing P/E ratio of 10.31.
Roller holds 10,000 shares directly and an additional 236,066 shares indirectly through Maran Partners Fund, LP, which are disclaimed except to the extent of pecuniary interest.
