Texas Pacific Land Trust (TPL) Major Shareholder Kinetics Asset Managem Horizon Acquires 36 Shares

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Texas Pacific Land Trust (NYSE:TPL) major shareholder Kinetics Asset Managem Horizon acquired 36 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $787.20 per share, with a total value of $28,339.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, May 15th, Kinetics Asset Managem Horizon acquired 36 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $837.84 per share, with a total value of $30,162.24.
  • On Friday, May 10th, Kinetics Asset Managem Horizon acquired 36 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $780.78 per share, with a total value of $28,108.08.
  • On Wednesday, May 8th, Kinetics Asset Managem Horizon acquired 36 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $799.98 per share, with a total value of $28,799.28.
  • On Monday, May 6th, Kinetics Asset Managem Horizon acquired 36 shares of Texas Pacific Land Trust stock. The stock was purchased at an average cost of $807.23 per share, with a total value of $29,060.28.

Shares of TPL traded up $0.97 during midday trading on Friday, reaching $849.30. The stock had a trading volume of 86 shares, compared to its average volume of 15,696. Texas Pacific Land Trust has a one year low of $409.00 and a one year high of $915.66. The company has a market cap of $6.53 billion, a PE ratio of 21.41 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 18.54 and a quick ratio of 18.54.

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 net margin of 162.78% and a return on equity of 132.12%. The company had revenue of $33.21 million during the quarter.

Separately, ValuEngine raised shares of Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research report on Friday, January 25th.

Several hedge funds have recently made changes to their positions in TPL. Vanguard Group Inc. boosted its holdings in shares of Texas Pacific Land Trust by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 17,182 shares of the financial services provider’s stock worth $14,820,000 after buying an additional 315 shares during the period. Vanguard Group Inc boosted its holdings in shares of Texas Pacific Land Trust by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 17,182 shares of the financial services provider’s stock worth $14,820,000 after buying an additional 315 shares during the period. Ipswich Investment Management Co. Inc. boosted its holdings in shares of Texas Pacific Land Trust by 4.5% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 2,300 shares of the financial services provider’s stock worth $1,246,000 after buying an additional 100 shares during the period. Financial Management Professionals Inc. boosted its holdings in shares of Texas Pacific Land Trust by 19.4% during the 4th quarter. Financial Management Professionals Inc. now owns 154 shares of the financial services provider’s stock worth $83,000 after buying an additional 25 shares during the period. Finally, We Are One Seven LLC boosted its holdings in shares of Texas Pacific Land Trust by 16.4% during the 4th quarter. We Are One Seven LLC now owns 4,470 shares of the financial services provider’s stock worth $2,421,000 after buying an additional 630 shares during the period. 39.72% of the stock is owned by institutional investors and hedge funds.

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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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