8,141 Shares in LandBridge Company LLC $LB Purchased by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. purchased a new stake in shares of LandBridge Company LLC (NYSE:LB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,141 shares of the company’s stock, valued at approximately $399,000.

A number of other large investors also recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in LandBridge by 20.3% in the 1st quarter. Royal Bank of Canada now owns 27,008 shares of the company’s stock worth $1,944,000 after purchasing an additional 4,554 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of LandBridge during the 1st quarter valued at approximately $494,000. Geode Capital Management LLC lifted its stake in shares of LandBridge by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 28,971 shares of the company’s stock valued at $1,958,000 after purchasing an additional 230 shares during the period. Cetera Investment Advisers acquired a new position in shares of LandBridge in the 2nd quarter valued at $218,000. Finally, Swiss National Bank boosted its holdings in LandBridge by 13.7% during the second quarter. Swiss National Bank now owns 33,300 shares of the company’s stock worth $2,250,000 after buying an additional 4,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

LB has been the topic of several analyst reports. The Goldman Sachs Group raised their price target on shares of LandBridge from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Raymond James Financial downgraded shares of LandBridge from a “moderate buy” rating to a “strong sell” rating in a research report on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a research note on Friday, January 9th. Zacks Research upgraded LandBridge from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, Barclays upped their price target on LandBridge from $57.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, February 27th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $76.00.

Insider Buying and Selling

In other news, insider Jason Thomas Long bought 2,143 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were bought at an average cost of $46.59 per share, for a total transaction of $99,842.37. Following the acquisition, the insider directly owned 223,546 shares of the company’s stock, valued at $10,415,008.14. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles L. Watson sold 13,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $75.00, for a total transaction of $975,000.00. Following the completion of the sale, the director directly owned 64,250 shares of the company’s stock, valued at approximately $4,818,750. This trade represents a 16.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders bought 3,542 shares of company stock worth $164,630 and sold 53,350 shares worth $3,974,555. 70.42% of the stock is owned by company insiders.

LandBridge Stock Down 3.8%

Shares of NYSE LB opened at $66.42 on Thursday. The stock has a market cap of $5.12 billion, a PE ratio of 70.66 and a beta of 0.54. The company has a current ratio of 4.87, a quick ratio of 4.87 and a debt-to-equity ratio of 0.70. LandBridge Company LLC has a 12-month low of $43.75 and a 12-month high of $87.60. The company has a 50-day moving average of $66.49 and a 200 day moving average of $60.05.

LandBridge Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were issued a $0.12 dividend. This is an increase from LandBridge’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, March 5th. LandBridge’s payout ratio is currently 51.06%.

LandBridge declared that its board has approved a share repurchase plan on Wednesday, February 25th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

LandBridge Profile

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.