TPL.NYSETexas Pacific Land CORP

Form 4: Horizon Kinetics Asset Management LLC Increases Stake in Texas Pacific Land Corp

Sentiment:

SEC Form 4

📋All filings for Texas Pacific Land CORP
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Horizon Kinetics Asset Management LLC reports purchasing additional shares of Texas Pacific Land Corp, increasing its beneficial ownership.

Summary

  • On May 8, 2024, Horizon Kinetics Asset Management LLC (HKAM) acquired 3 shares of Texas Pacific Land Corp (TPL) at a price of $564.11 per share.
  • Following this transaction, HKAM's direct beneficial ownership in TPL amounts to 1,084,983 shares.
  • Murray Stahl, associated with HKAM, has a direct interest in 2,474 shares and an indirect interest in approximately 53,550 shares.
  • HKAM's pecuniary interest in the shares beneficially owned is disclosed in the filing.
  • Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't express positive or negative views about the company.

Positives

  • Horizon Kinetics Asset Management LLC increasing its stake in Texas Pacific Land Corp could be seen as a positive signal.

Management Comments

  • Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Industry Context

This filing indicates investment activity in Texas Pacific Land Corp, which operates in the land resource management sector.

Stakeholder Impact

  • The increased stake by Horizon Kinetics Asset Management LLC could potentially influence investor confidence in Texas Pacific Land Corp.

Key Dates

DateDescription
02/28/2024Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D, noting beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests.
05/08/2024Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp.
05/09/2024Date of signature for the SEC Form 4 filing.

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