Form 4: Horizon Kinetics Asset Management LLC Reports Transaction in Texas Pacific Land Corp (TPL)
SEC Form 4 Filing
Horizon Kinetics Asset Management LLC reports the purchase of 3 shares of Texas Pacific Land Corp (TPL) at $607.39 per share on May 14, 2024, resulting in beneficial ownership of 1,084,995 shares.
Summary
- On May 14, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
- The purchase price was $607.39 per share.
- Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,084,995 shares of TPL.
- The reporting person, Horizon Kinetics Asset Management LLC, is a 10% owner of Texas Pacific Land Corp.
- Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing reporting a transaction. It doesn't convey strong 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 indicates ongoing investment activity by a major shareholder in Texas Pacific Land Corp, which could be of interest to other investors and analysts monitoring the company's stock performance and ownership structure.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership percentage, although the purchase of only 3 shares is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, noting beneficial ownership of 1,271,975 shares and Murray Stahl's direct interest in 2,474 shares and his indirect interest in approximately 53,550 shares. |
| 05/14/2024 | Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp common stock at $607.39 per share. |
| 05/15/2024 | Date of signature for the Form 4 filing. |
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