Form 4: Horizon Kinetics Asset Management LLC Buys Additional Shares of Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC reports purchasing 3 shares of Texas Pacific Land Corp at $786.01 per share, increasing its holdings to 1,085,098 shares.

Summary

• On August 2, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp common stock.
• The purchase price was $786.01 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,098 shares of Texas Pacific Land Corp.
• The filing indicates that Horizon Kinetics Asset Management LLC is a 10% owner of Texas Pacific Land Corp.
• Murray Stahl's direct interest is 2,474 shares and his indirect interest is approximately 53,550 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The purchase could be seen as slightly positive, but without further context, it's difficult to gauge the overall impact.

Positives

• The increased holding by Horizon Kinetics Asset Management LLC could be interpreted as a positive signal regarding their confidence in Texas Pacific Land Corp.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates a change in ownership by a major shareholder.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence.

Key Dates