Nordea Investment Management AB Makes New Investment in Texas Pacific Land Trust (NYSE:TPL)

Nordea Investment Management AB acquired a new position in shares of Texas Pacific Land Trust (NYSE:TPL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,042 shares of the financial services provider’s stock, valued at approximately $3,901,000. Nordea Investment Management AB owned about 0.06% of Texas Pacific Land Trust at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Santa Monica Partners LP raised its holdings in Texas Pacific Land Trust by 0.6% during the 1st quarter. Santa Monica Partners LP now owns 17,882 shares of the financial services provider’s stock worth $13,834,000 after purchasing an additional 102 shares during the last quarter. FMR LLC bought a new stake in Texas Pacific Land Trust during the 4th quarter worth about $1,570,000. Advisor Partners LLC bought a new stake in shares of Texas Pacific Land Trust in the 1st quarter valued at about $967,000. Moors & Cabot Inc. increased its stake in shares of Texas Pacific Land Trust by 99.9% in the 1st quarter. Moors & Cabot Inc. now owns 34,596 shares of the financial services provider’s stock valued at $26,770,000 after acquiring an additional 17,293 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Texas Pacific Land Trust by 2.7% in the 1st quarter. Swiss National Bank now owns 11,317 shares of the financial services provider’s stock valued at $8,755,000 after acquiring an additional 300 shares during the last quarter. 62.45% of the stock is owned by hedge funds and other institutional investors.

In other Texas Pacific Land Trust news, major shareholder Kinetics Asset Managem Horizon acquired 36 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $799.98 per share, for a total transaction of $28,799.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 1,759 shares of company stock valued at $1,394,618 over the last quarter. 0.92% of the stock is owned by insiders.

Shares of TPL stock traded down $2.81 on Thursday, reaching $762.62. The company had a trading volume of 4,479 shares, compared to its average volume of 17,037. The company has a current ratio of 18.54, a quick ratio of 18.54 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $5.92 billion, a PE ratio of 19.69 and a beta of 1.25. The stock’s 50-day simple moving average is $769.74. Texas Pacific Land Trust has a 12 month low of $409.00 and a 12 month high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $18.04 EPS for the quarter. Texas Pacific Land Trust had a return on equity of 132.12% and a net margin of 162.78%. The company had revenue of $33.21 million during the quarter.

Separately, ValuEngine raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.

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

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