Sigma Planning Corp bought a new position in Texas Pacific Land Trust (NYSE:TPL) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 348 shares of the financial services provider’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cim LLC raised its holdings in shares of Texas Pacific Land Trust by 2.4% during the fourth quarter. Cim LLC now owns 987 shares of the financial services provider’s stock valued at $535,000 after buying an additional 23 shares during the last quarter. Steinberg Global Asset Management raised its holdings in shares of Texas Pacific Land Trust by 1.4% during the fourth quarter. Steinberg Global Asset Management now owns 13,244 shares of the financial services provider’s stock valued at $7,173,000 after buying an additional 180 shares during the last quarter. Santa Monica Partners LP raised its holdings in shares of Texas Pacific Land Trust by 0.6% during the first quarter. Santa Monica Partners LP now owns 17,882 shares of the financial services provider’s stock valued at $13,834,000 after buying an additional 102 shares during the last quarter. Shufro Rose & Co. LLC bought a new stake in shares of Texas Pacific Land Trust during the fourth quarter valued at approximately $433,000. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of Texas Pacific Land Trust by 10.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 1,093 shares of the financial services provider’s stock valued at $592,000 after buying an additional 100 shares during the last quarter. 39.72% of the stock is currently owned by hedge funds and other institutional investors.

In other news, major shareholder Horizon Kinetics Llc bought 42 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $748.14 per share, with a total value of $31,421.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kinetics Asset Managem Horizon bought 36 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $780.78 per share, for a total transaction of $28,108.08. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 955 shares of company stock worth $775,892. 0.92% of the stock is owned by corporate insiders.

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

Shares of NYSE:TPL opened at $824.06 on Thursday. Texas Pacific Land Trust has a 12 month low of $409.00 and a 12 month high of $915.66. The company has a market cap 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 earnings results 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 for the quarter.

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About Texas Pacific Land Trust

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.

See Also: Cost of Equity For A Business, Investors

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

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