Form 4: Horizon Kinetics Asset Management LLC Reports Purchase of Texas Pacific Land Corp Shares
SEC Form 4 Filing
Horizon Kinetics Asset Management LLC has reported the purchase of 3 shares of Texas Pacific Land Corp common stock on November 19, 2024.
Summary
- Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock.
- The transaction occurred on November 19, 2024, at a price of $1,406.66 per share.
- Following this transaction, HKAM's total direct beneficial ownership of TPL shares is 1,138,463.
- The filing also references a previous Schedule 13D amendment from February 28, 2024, which noted HKAM's beneficial ownership of 1,271,975 shares, Murray Stahl's direct interest in 2,474 shares, and his indirect interest in approximately 53,550 shares.
- Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment.
Management Comments
- Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.
Industry Context
This filing is a routine disclosure of a transaction by a major shareholder in Texas Pacific Land Corp, a company in the land and resource management sector. Such filings are common and provide transparency into the ownership structure of publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders of publicly traded companies.
- The reported transaction is relatively small in volume compared to the total shares owned by Horizon Kinetics Asset Management LLC.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it represents a small change in ownership by a major shareholder.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D noting beneficial ownership of 1,271,975 shares. |
| 11/19/2024 | Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp common stock. |
| 11/20/2024 | Date of signature for the Form 4 filing. |
Keywords
Texas Pacific Land Corp, TPL, Horizon Kinetics Asset Management, HKAM, Form 4, Beneficial Ownership, Share Purchase, SEC Filing
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