One Charles Private Wealth Services LLC lessened its holdings in shares of LandBridge Company LLC (NYSE:LB – Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 236,707 shares of the company’s stock after selling 8,275 shares during the quarter. LandBridge makes up approximately 3.0% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 8th largest holding. One Charles Private Wealth Services LLC owned 0.30% of LandBridge worth $11,596,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its position in shares of LandBridge by 110.6% in the second quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock valued at $27,000 after acquiring an additional 209 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of LandBridge in the fourth quarter valued at approximately $51,000. Aquatic Capital Management LLC bought a new stake in shares of LandBridge in the third quarter valued at approximately $63,000. Jones Financial Companies Lllp boosted its position in shares of LandBridge by 805.9% in the third quarter. Jones Financial Companies Lllp now owns 1,232 shares of the company’s stock valued at $67,000 after acquiring an additional 1,096 shares during the period. Finally, Comerica Bank boosted its position in shares of LandBridge by 13.6% in the third quarter. Comerica Bank now owns 1,369 shares of the company’s stock valued at $73,000 after acquiring an additional 164 shares during the period.
Insider Buying and Selling at LandBridge
In other news, Director Charles L. Watson sold 13,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $75.00, for a total value of $975,000.00. Following the completion of the sale, the director directly owned 64,250 shares in the company, valued at approximately $4,818,750. This trade represents a 16.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 53,350 shares of company stock valued at $3,974,555 in the last three months. Company insiders own 70.42% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Research Report on LB
LandBridge Stock Up 0.4%
Shares of NYSE LB opened at $76.14 on Friday. The stock has a market cap of $5.87 billion, a PE ratio of 78.49 and a beta of 0.14. The business has a fifty day moving average of $69.64 and a two-hundred day moving average of $63.33. LandBridge Company LLC has a 52-week low of $43.75 and a 52-week high of $85.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.15 and a current ratio of 3.15.
LandBridge (NYSE:LB – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.44). The company had revenue of $51.01 million for the quarter, compared to the consensus estimate of $58.72 million. LandBridge had a net margin of 15.71% and a return on equity of 4.34%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. As a group, equities research analysts expect that LandBridge Company LLC will post 1.48 earnings per share for the current fiscal year.
LandBridge announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 25th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to purchase up to 1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
LandBridge Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be paid a $0.12 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. LandBridge’s dividend payout ratio (DPR) is 49.48%.
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.
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