on Horizon Kinetics Holding Corporation (NASDAQ:SLGD)
Horizon Kinetics Reports Strong Third Quarter Growth in 2024
Horizon Kinetics Holding Corporation announced impressive financial results for the third quarter of 2024, ending September 30. The company reported a 20.6% increase in revenues, reaching $15.4 million. For the nine months, revenues rose by 7.6% to $42.4 million. Assets under management (AUM) grew to $8.3 billion.
A remarkable rise in AUM stemmed partly from a 21% increase in Texas Pacific Land Corporation's market value in the quarter. However, higher operating expenses, including administrative costs and acquisition fees related to Scott's Liquid Gold, partially offset revenue gains.
Additionally, Horizon Kinetics benefited from $20.3 million in unrealized gains from proprietary fund holdings and $11.3 million from investment securities. The Board declared a $0.053 per share dividend, payable on December 16.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Horizon Kinetics Holding Corporation news