Kinetics Asset Managem Horizon Purchases 36 Shares of Texas Pacific Land Trust (TPL) Stock

Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon purchased 36 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $787.20 per share, for a total transaction of $28,339.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, May 10th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $780.78 per share, for a total transaction of $28,108.08.
  • On Wednesday, May 8th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $799.98 per share, for a total transaction of $28,799.28.
  • On Monday, May 6th, Kinetics Asset Managem Horizon purchased 36 shares of Texas Pacific Land Trust stock. The stock was bought at an average cost of $807.23 per share, for a total transaction of $29,060.28.

TPL traded up $17.99 during trading on Thursday, reaching $842.05. The company had a trading volume of 1,628 shares, compared to its average volume of 19,947. Texas Pacific Land Trust has a 12-month low of $409.00 and a 12-month high of $915.66. The stock has a market capitalization of $6.09 billion, a P/E ratio of 19.96 and a beta of 1.30. The company has a current ratio of 18.54, a quick ratio of 18.54 and a debt-to-equity ratio of 0.01.

Texas Pacific Land Trust (NYSE:TPL) last announced 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 return on equity of 132.12% and a net margin of 162.78%. The firm had revenue of $33.21 million during the quarter.

Separately, ValuEngine cut Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th.

A number of hedge funds and other institutional investors have recently made changes to their positions in TPL. PRW Wealth Management LLC lifted its holdings in shares of Texas Pacific Land Trust by 72.3% during the 1st quarter. PRW Wealth Management LLC now owns 2,073 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 870 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Texas Pacific Land Trust in the 1st quarter valued at approximately $314,000. FIL Ltd raised its stake in shares of Texas Pacific Land Trust by 38.1% in the 1st quarter. FIL Ltd now owns 67,216 shares of the financial services provider’s stock valued at $52,001,000 after acquiring an additional 18,534 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its position in Texas Pacific Land Trust by 7.5% in the 1st quarter. Prescott Group Capital Management L.L.C. now owns 4,300 shares of the financial services provider’s stock worth $3,327,000 after buying an additional 300 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in Texas Pacific Land Trust by 27.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 1,393 shares of the financial services provider’s stock worth $1,078,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 39.72% of the company’s stock.

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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.

Further Reading: Mutual Funds

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

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