Alice C. Brennan, a director at Horizon Kinetics, purchased 200 common shares of Horizon Kinetics Holding Corp (NASDAQ: HKHC) for a total of $5,200 on Aug. 27, according to a filing. The transaction was executed at a price of $26 per share, bringing her total direct stake in the company to 1,600 shares.
The purchase follows the release of Horizon Kinetics’ second-quarter 2026 financial results, which reported a GAAP net loss attributable to shareholders of $18.4 million, or $0.99 per share. Management and advisory revenues remained essentially flat year-over-year at $18.8 million. The company attributed the increased loss to investment volatility and redeemable non-controlling interests.
Horizon Kinetics’ balance sheet was described as healthy, with cash exceeding debt. The firm’s shares currently trade at a price-to-earnings ratio of 10.4, and analysis cited by InvestingPro indicates the stock is undervalued relative to its fair value.
