Form 4: Horizon Kinetics Asset Management LLC Reports Transaction in Texas Pacific Land Corp (TPL)
SEC Form 4
Horizon Kinetics Asset Management LLC reports the purchase of Texas Pacific Land Corp (TPL) common stock.
Summary
- On May 7, 2024, Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp (TPL) common stock at a price of $572.35 per share.
- Following this transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,084,980 shares of TPL.
- The reporting person, Horizon Kinetics Asset Management LLC, is a 10% owner of Texas Pacific Land Corp.
- Murray Stahl's direct interest is in 2,474 shares and his indirect interest is in approximately 53,550 shares.
- Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The purchase of additional shares may indicate confidence in Texas Pacific Land Corp's future performance.
Management Comments
- Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.
Industry Context
This filing reflects ongoing transactions and ownership adjustments by major shareholders in publicly traded companies, which is a common occurrence in the financial markets.
Stakeholder Impact
- The transaction may have a minor impact on shareholders, reflecting a slight increase in Horizon Kinetics Asset Management LLC's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted 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. |
| 05/07/2024 | Date of transaction: Purchase of Texas Pacific Land Corp common stock. |
| 05/08/2024 | Date of signature for the Form 4 filing. |
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