Y Intercept Hong Kong Ltd Purchases New Position in LandBridge Company LLC $LB

Y Intercept Hong Kong Ltd bought a new position in shares of LandBridge Company LLC (NYSE:LB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,529 shares of the company’s stock, valued at approximately $1,842,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of LandBridge by 20.3% in the first quarter. Royal Bank of Canada now owns 27,008 shares of the company’s stock valued at $1,944,000 after purchasing an additional 4,554 shares during the period. Empowered Funds LLC acquired a new stake in shares of LandBridge during the 1st quarter valued at about $494,000. Janney Montgomery Scott LLC grew its holdings in LandBridge by 21.0% in the second quarter. Janney Montgomery Scott LLC now owns 26,822 shares of the company’s stock valued at $1,813,000 after purchasing an additional 4,662 shares during the period. KLP Kapitalforvaltning AS increased its stake in shares of LandBridge by 28.6% during the second quarter. KLP Kapitalforvaltning AS now owns 3,600 shares of the company’s stock worth $243,000 after purchasing an additional 800 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in shares of LandBridge by 50.9% in the second quarter. Kingswood Wealth Advisors LLC now owns 44,891 shares of the company’s stock valued at $3,034,000 after buying an additional 15,136 shares during the last quarter.

Analyst Ratings Changes

LB has been the topic of a number of research reports. Piper Sandler raised their price target on LandBridge from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, November 24th. Wells Fargo & Company reduced their price target on LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Zacks Research cut LandBridge from a “strong-buy” rating to a “strong sell” rating in a report on Friday, January 23rd. UBS Group restated a “neutral” rating and set a $65.00 price objective on shares of LandBridge in a research note on Monday, November 24th. Finally, Janney Montgomery Scott cut LandBridge from a “buy” rating to a “neutral” rating in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, LandBridge has a consensus rating of “Hold” and a consensus price target of $73.33.

Insider Buying and Selling at LandBridge

In other LandBridge news, insider Jason Thomas Long bought 2,143 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average price of $46.59 per share, for a total transaction of $99,842.37. Following the completion of the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $70.00, for a total transaction of $175,000,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 3,542 shares of company stock valued at $164,630 over the last ninety days. 70.42% of the stock is currently owned by company insiders.

LandBridge Price Performance

NYSE LB opened at $59.65 on Friday. LandBridge Company LLC has a 52-week low of $43.75 and a 52-week high of $87.60. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 85.22 and a beta of 0.43. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.15 and a current ratio of 4.15. The business has a 50 day simple moving average of $54.74 and a 200 day simple moving average of $55.89.

LandBridge (NYSE:LB) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.44). LandBridge had a return on equity of 4.63% and a net margin of 13.72%.The firm had revenue of $50.83 million for the quarter, compared to analyst estimates of $49.13 million. Analysts anticipate that LandBridge Company LLC will post 0.99 earnings per share for the current fiscal year.

LandBridge Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, December 4th. LandBridge’s dividend payout ratio (DPR) is presently 57.14%.

About LandBridge

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.