Insider Buying: Texas Pacific Land Trust (TPL) Major Shareholder Purchases 36 Shares of Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon bought 36 shares of Texas Pacific Land Trust stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $799.98 per share, with a total value of $28,799.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Kinetics Asset Managem Horizon also recently made the following trade(s):

  • On Monday, May 6th, Kinetics Asset Managem Horizon acquired 36 shares of Texas Pacific Land Trust stock. The shares were acquired at an average price of $807.23 per share, with a total value of $29,060.28.

Texas Pacific Land Trust stock opened at $800.48 on Friday. Texas Pacific Land Trust has a one year low of $409.00 and a one year high of $915.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 18.54 and a quick ratio of 16.03. The stock has a market cap of $6.11 billion, a PE ratio of 20.03 and a beta of 1.30.

Texas Pacific Land Trust (NYSE:TPL) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $18.04 EPS for the quarter. Texas Pacific Land Trust had a net margin of 162.78% and a return on equity of 132.12%. The company had revenue of $33.21 million during the quarter.

Large investors have recently modified their holdings of the stock. Cim LLC lifted its stake in Texas Pacific Land Trust by 2.4% in the 4th quarter. Cim LLC now owns 987 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 23 shares during the last quarter. Steinberg Global Asset Management lifted its stake in Texas Pacific Land Trust by 1.4% in the 4th quarter. Steinberg Global Asset Management now owns 13,244 shares of the financial services provider’s stock valued at $7,173,000 after purchasing an additional 180 shares during the last quarter. Santa Monica Partners LP lifted its stake in Texas Pacific Land Trust by 0.6% in the 1st quarter. Santa Monica Partners LP now owns 17,882 shares of the financial services provider’s stock valued at $13,834,000 after purchasing an additional 102 shares during the last quarter. Shufro Rose & Co. LLC acquired a new stake in Texas Pacific Land Trust in the 4th quarter valued at about $433,000. Finally, Xact Kapitalforvaltning AB lifted its stake in Texas Pacific Land Trust by 10.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 1,093 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 39.78% of the company’s stock.

Separately, ValuEngine downgraded shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Thursday.

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Texas Pacific Land Trust Company Profile

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

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Insider Buying and Selling by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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