Regentatlantic Capital LLC Sells 500 Shares of Texas Pacific Land Trust (NYSE:TPL)

Regentatlantic Capital LLC cut its position in Texas Pacific Land Trust (NYSE:TPL) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,500 shares of the financial services provider’s stock after selling 500 shares during the quarter. Regentatlantic Capital LLC’s holdings in Texas Pacific Land Trust were worth $974,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. We Are One Seven LLC grew its stake in Texas Pacific Land Trust by 2.1% during the second quarter. We Are One Seven LLC now owns 4,535 shares of the financial services provider’s stock worth $3,569,000 after purchasing an additional 95 shares during the period. Beddow Capital Management Inc. increased its stake in shares of Texas Pacific Land Trust by 11.6% in the 2nd quarter. Beddow Capital Management Inc. now owns 10,198 shares of the financial services provider’s stock valued at $8,026,000 after acquiring an additional 1,060 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Texas Pacific Land Trust by 268.9% in the 2nd quarter. Advisor Group Inc. now owns 273 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 199 shares in the last quarter. Swiss National Bank lifted its position in shares of Texas Pacific Land Trust by 1.8% during the 2nd quarter. Swiss National Bank now owns 11,517 shares of the financial services provider’s stock valued at $9,064,000 after acquiring an additional 200 shares during the period. Finally, Aperio Group LLC lifted its position in shares of Texas Pacific Land Trust by 13.8% during the 2nd quarter. Aperio Group LLC now owns 1,359 shares of the financial services provider’s stock valued at $1,070,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 38.76% of the company’s stock.

In related news, major shareholder Kinetics Asset Managem Horizon purchased 49 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average cost of $740.50 per share, with a total value of $36,284.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 1,252 shares of company stock valued at $846,906 over the last three months. 0.92% of the stock is currently owned by insiders.

Separately, ValuEngine raised shares of Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

Shares of NYSE:TPL opened at $617.89 on Thursday. The company has a quick ratio of 9.76, a current ratio of 9.76 and a debt-to-equity ratio of 0.01. Texas Pacific Land Trust has a twelve month low of $409.00 and a twelve month high of $915.66. The stock’s 50 day moving average is $634.64 and its 200-day moving average is $735.96. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 15.64 and a beta of 1.26.

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

Texas Pacific Land Trust Company Profile

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.

Further Reading: Net Income

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Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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