Y Intercept Hong Kong Ltd Takes $1.84 Million 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 & Exchange Commission. The fund 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 recently added to or reduced their stakes in LB. NewEdge Advisors LLC raised its position in LandBridge by 110.6% in the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock worth $27,000 after purchasing an additional 209 shares during the period. Generali Investments Management Co LLC acquired a new position in shares of LandBridge in the 2nd quarter valued at $117,000. Osaic Holdings Inc. boosted its holdings in shares of LandBridge by 12.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock valued at $183,000 after acquiring an additional 301 shares during the last quarter. Geneos Wealth Management Inc. raised its position in LandBridge by 9.4% during the third quarter. Geneos Wealth Management Inc. now owns 3,880 shares of the company’s stock valued at $207,000 after acquiring an additional 335 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of LandBridge during the 2nd quarter worth about $218,000.

Insider Activity at LandBridge

In other LandBridge news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of LandBridge stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $70.00, for a total value of $175,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Harrison Fenner Bolling bought 850 shares of the business’s stock in a transaction on Monday, January 5th. The stock was purchased at an average price of $46.84 per share, for a total transaction of $39,814.00. Following the completion of the acquisition, the insider owned 66,874 shares of the company’s stock, valued at approximately $3,132,378.16. This trade represents a 1.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 3,542 shares of company stock valued at $164,630 over the last 90 days. 70.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LB has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Raymond James Financial cut LandBridge from a “moderate buy” rating to a “strong sell” rating in a research note on Friday, December 5th. Piper Sandler upped their price objective on shares of LandBridge from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, November 24th. UBS Group restated a “neutral” rating and issued a $65.00 price objective on shares of LandBridge in a research note on Monday, November 24th. Finally, Janney Montgomery Scott lowered shares of 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 issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $73.33.

LandBridge Trading Up 1.9%

Shares of LB opened at $59.65 on Friday. LandBridge Company LLC has a twelve month low of $43.75 and a twelve month high of $87.60. The firm has a market capitalization of $4.64 billion, a P/E ratio of 85.22 and a beta of 0.43. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $54.74 and its 200 day simple moving average is $55.89.

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

LandBridge Announces Dividend

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