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 at a price of $1,536.54 per share.
Summary
- Horizon Kinetics Asset Management LLC (HKAM) reported a transaction involving the purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock.
- The purchase occurred on December 3, 2024, at a price of $1,536.54 per share.
- Following this transaction, HKAM's direct beneficial ownership of TPL shares is 1,138,490.
- This filing is a follow-up to a previous Schedule 13D amendment filed on February 28, 2024, which disclosed HKAM's beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests.
Sentiment
Score: 5
Explanation: The document is a routine transaction disclosure and does not indicate any positive or negative sentiment. It is a neutral reporting of a share purchase.
Industry Context
This filing is a routine disclosure of a transaction by a major shareholder and is typical for companies with significant institutional ownership. It does not indicate any specific industry trend but rather reflects the ongoing trading activity of a major investor in Texas Pacific Land Corp.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
- The transaction is small in volume compared to the total shares owned by Horizon Kinetics Asset Management LLC, suggesting it is not a major shift in their investment strategy.
- Similar filings are common among institutional investors in companies like Texas Pacific Land Corp, which often have significant institutional ownership.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a small purchase by a major shareholder.
Key Dates
| Date | Description |
|---|---|
| 2024-02-28 | Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D, disclosing beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests. |
| 2024-12-03 | Date of the reported transaction where Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp common stock. |
| 2024-12-04 | Date of the signature of the SEC Form 4 filing. |
Keywords
Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, share purchase, beneficial ownership, SEC Form 4, stock transaction
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