Form 4: Horizon Kinetics Asset Management LLC Reports Purchase of Texas Pacific Land Corp Shares
SEC Form 4 Filing
Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp, reports purchasing 3 shares of common stock at $822.28 per share on August 1, 2024.
Summary
- On August 1, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
- The purchase price was $822.28 per share.
- Following the transaction, HKAM directly owns 1,085,095 shares of TPL.
- Murray Stahl, associated with HKAM, has a direct interest in 2,474 shares and an indirect interest in approximately 53,550 shares as of February 28, 2024.
- HKAM's pecuniary interest in the shares beneficially owned is disclosed in the filing.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The purchase indicates continued investment by Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders and major shareholders.
Stakeholder Impact
- The purchase may have a slightly positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| February 28, 2024 | Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D, noting beneficial ownership of shares and Murray Stahl's interests. |
| August 01, 2024 | Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp common stock. |
| August 02, 2024 | Date of signature for the Form 4 filing. |
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