Texas Pacific Land Trust (NYSE:TPL) Short Interest Update

Texas Pacific Land Trust (NYSE:TPL) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 24,800 shares, a growth of 15.9% from the July 31st total of 21,400 shares. Based on an average daily trading volume, of 12,400 shares, the short-interest ratio is presently 2.0 days. Currently, 0.3% of the company’s stock are sold short.

Texas Pacific Land Trust stock traded down $0.31 during midday trading on Friday, reaching $658.66. The stock had a trading volume of 10,280 shares, compared to its average volume of 15,746. Texas Pacific Land Trust has a 12 month low of $409.00 and a 12 month high of $915.66. The company has a market capitalization of $5.11 billion, a P/E ratio of 16.89 and a beta of 1.28. The company has a fifty day moving average price of $677.31 and a two-hundred day moving average price of $760.57. The company has a current ratio of 9.76, a quick ratio of 9.76 and a debt-to-equity ratio of 0.01.

Texas Pacific Land Trust (NYSE:TPL) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $6.39 EPS for the quarter. Texas Pacific Land Trust had a return on equity of 104.77% and a net margin of 123.70%. The business had revenue of $87.31 million during the quarter.



In other news, major shareholder Kinetics Asset Managem Horizon bought 50 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average cost of $718.96 per share, with a total value of $35,948.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased a total of 2,022 shares of company stock valued at $1,471,522 over the last ninety days. 0.92% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of TPL. FIL Ltd increased its holdings in Texas Pacific Land Trust by 38.1% during the 1st quarter. FIL Ltd now owns 67,216 shares of the financial services provider’s stock worth $52,001,000 after purchasing an additional 18,534 shares in the last quarter. White Elm Capital LLC increased its holdings in Texas Pacific Land Trust by 12.6% during the 2nd quarter. White Elm Capital LLC now owns 24,573 shares of the financial services provider’s stock worth $19,339,000 after purchasing an additional 2,748 shares in the last quarter. Santa Monica Partners LP increased its holdings in Texas Pacific Land Trust by 6.3% during the 2nd quarter. Santa Monica Partners LP now owns 19,000 shares of the financial services provider’s stock worth $14,953,000 after purchasing an additional 1,118 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Texas Pacific Land Trust by 5.2% during the 2nd quarter. Moors & Cabot Inc. now owns 18,191 shares of the financial services provider’s stock worth $14,323,000 after purchasing an additional 893 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Texas Pacific Land Trust by 21.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,182 shares of the financial services provider’s stock worth $10,971,000 after purchasing an additional 2,480 shares in the last quarter. 38.99% of the stock is owned by institutional investors and hedge funds.

About Texas Pacific Land Trust

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

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