Kennedy Capital Management Inc. Invests $2.94 Million in Texas Pacific Land Trust (TPL) Stock

Kennedy Capital Management Inc. purchased a new position in Texas Pacific Land Trust (NYSE:TPL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,995 shares of the financial services provider’s stock, valued at approximately $2,936,000. Kennedy Capital Management Inc. owned about 0.13% of Texas Pacific Land Trust as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ingalls & Snyder LLC grew its holdings in Texas Pacific Land Trust by 21.1% in the 2nd quarter. Ingalls & Snyder LLC now owns 1,150 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 200 shares during the last quarter. Cim LLC bought a new stake in Texas Pacific Land Trust in the 2nd quarter worth $493,000. Fernwood Investment Management LLC grew its holdings in Texas Pacific Land Trust by 82.1% in the 2nd quarter. Fernwood Investment Management LLC now owns 2,695 shares of the financial services provider’s stock worth $792,000 after acquiring an additional 1,215 shares during the last quarter. Steinberg Global Asset Management grew its holdings in Texas Pacific Land Trust by 26.3% in the 2nd quarter. Steinberg Global Asset Management now owns 12,750 shares of the financial services provider’s stock worth $3,746,000 after acquiring an additional 2,655 shares during the last quarter. Finally, Mad River Investors grew its holdings in Texas Pacific Land Trust by 7.0% in the 2nd quarter. Mad River Investors now owns 44,610 shares of the financial services provider’s stock worth $13,106,000 after acquiring an additional 2,935 shares during the last quarter. 39.46% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub raised shares of Texas Pacific Land Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th.

Shares of Texas Pacific Land Trust (TPL) opened at 390.26 on Tuesday. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 59.98 and a beta of 0.95. The stock’s 50 day moving average is $375.89 and its 200-day moving average is $313.40. Texas Pacific Land Trust has a 52 week low of $213.04 and a 52 week high of $411.90.

Texas Pacific Land Trust (NYSE:TPL) last posted its quarterly earnings results on Monday, July 31st. The financial services provider reported $2.12 EPS for the quarter. The firm had revenue of $27.36 million for the quarter. Texas Pacific Land Trust had a net margin of 73.06% and a return on equity of 112.96%.

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Texas Pacific Land Trust Profile

Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.

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

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