Horizon Kinetics director buys $372 of Texas Pacific Land stock
On August 19, 2026, Horizon Kinetics Asset Management LLC, a 10% shareholder and director of Texas Pacific Land Corp (TPL), acquired a stake in the company's common stock. The specific transaction saw the investment firm buying 1 share of TPL stock for a total value of $372. This purchase increased Horizon Kinetics' beneficial ownership in TPL to 3,244,013 shares, which is valued at a market cap of $25.71 billion.
Despite TPL's premium valuation, as determined by InvestingPro analysis, the company still boasts impressive fundamentals, such as gross profit margins of 93%. It also has more cash than debt on its balance sheet, as highlighted in 16 InvestingPro Tips. This information was previously disclosed in an amended Schedule 13D filing on May 7, 2026, where Horizon Kinetics reported its beneficial ownership of 10,109,933 shares.
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