Moneta Group Investment Advisors LLC Acquires Shares of 4,343 Texas Pacific Land Trust (NYSE:TPL)

Moneta Group Investment Advisors LLC acquired a new stake in shares of Texas Pacific Land Trust (NYSE:TPL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,343 shares of the financial services provider’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Enterprise Trust & Investment Co acquired a new stake in Texas Pacific Land Trust during the 2nd quarter valued at approximately $98,000. Rehmann Capital Advisory Group acquired a new stake in Texas Pacific Land Trust during the 1st quarter valued at approximately $136,000. MUFG Americas Holdings Corp acquired a new position in shares of Texas Pacific Land Trust in the 2nd quarter worth approximately $197,000. Financial Management Professionals Inc. grew its position in shares of Texas Pacific Land Trust by 64.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 254 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 100 shares in the last quarter. Finally, Homrich & Berg acquired a new position in shares of Texas Pacific Land Trust in the 2nd quarter worth approximately $214,000. Hedge funds and other institutional investors own 38.99% of the company’s stock.

Shares of TPL traded up $5.08 during mid-day trading on Thursday, hitting $653.00. The stock had a trading volume of 15,158 shares, compared to its average volume of 16,778. The company has a market cap of $5.05 billion, a PE ratio of 17.23 and a beta of 1.28. The company’s fifty day simple moving average is $678.99 and its two-hundred day simple moving average is $761.06. The company has a quick ratio of 9.76, a current ratio of 9.76 and a debt-to-equity ratio of 0.01. Texas Pacific Land Trust has a fifty-two week low of $409.00 and a fifty-two week high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $6.39 EPS for the quarter. The company had revenue of $87.31 million during the quarter. Texas Pacific Land Trust had a return on equity of 104.77% and a net margin of 123.70%.

In other news, major shareholder Kinetics Asset Managem Horizon bought 49 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $636.08 per share, for a total transaction of $31,167.92. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders bought 2,072 shares of company stock valued at $1,508,521. Insiders own 0.92% of the company’s stock.

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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Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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