Kingswood Wealth Advisors LLC Has $708,000 Stake in LandBridge Company LLC $LB

Key Points

• Kingswood Wealth Advisors cut its stake in LandBridge by 64.2% in Q4, selling 25,917 shares and retaining 14,446 shares worth $708,000 at quarter-end.
• Insiders sold 53,350 shares worth $3.97 million in the last quarter, including Director Charles L. Watson’s sale of 13,000 shares at $75 ($975,000), though insiders still own 70.42% of the company.
• LandBridge’s board approved a $50 million buyback (about 1% of shares) and raised the quarterly dividend to $0.12, while analysts have raised targets but the consensus rating remains Hold with an average target of $76.

Kingswood Wealth Advisors LLC decreased its holdings in shares of LandBridge Company LLC (NYSE:LB - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,446 shares of the company's stock after selling 25,917 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in LandBridge were worth $708,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Atlas Wealth Partners LLC raised its stake in LandBridge by 90.3% during the third quarter. Atlas Wealth Partners LLC now owns 35,038 shares of the company's stock worth $1,869,000 after acquiring an additional 16,623 shares in the last quarter. Moors & Cabot Inc. raised its stake in LandBridge by 11.4% during the third quarter. Moors & Cabot Inc. now owns 196,379 shares of the company's stock worth $10,477,000 after acquiring an additional 20,115 shares in the last quarter. Cortland Associates Inc. MO raised its stake in LandBridge by 172.0% during the third quarter. Cortland Associates Inc. MO now owns 412,443 shares of the company's stock worth $22,004,000 after acquiring an additional 260,812 shares in the last quarter. Viking Fund Management LLC raised its stake in LandBridge by 100.0% during the fourth quarter. Viking Fund Management LLC now owns 80,000 shares of the company's stock worth $3,919,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in LandBridge during the third quarter worth about $1,842,000.

Insider Buying and Selling at LandBridge

In other news, Director Charles L. Watson sold 13,000 shares of the business's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $75.00, for a total transaction of $975,000.00. Following the sale, the director directly owned 64,250 shares in the company, valued at approximately $4,818,750. The trade was a 16.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 53,350 shares of company stock worth $3,974,555 in the last quarter. Insiders own 70.42% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on LB shares. Barclays boosted their target price on LandBridge from $57.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Friday, February 27th. The Goldman Sachs Group boosted their target price on LandBridge from $69.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, March 13th. Zacks Research upgraded LandBridge from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. Wells Fargo & Company boosted their price target on LandBridge from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, March 18th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of LandBridge in a report on Wednesday, April 8th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, LandBridge currently has an average rating of "Hold" and an average target price of $76.00.

LandBridge Stock Performance

NYSE:LB opened at $68.13 on Friday. The stock has a market cap of $5.25 billion, a P/E ratio of 72.48 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. The stock's 50-day moving average is $69.90 and its 200-day moving average is $61.66. LandBridge Company LLC has a 1-year low of $43.75 and a 1-year high of $87.60.

LandBridge announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 25th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

LandBridge Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. This is an increase from LandBridge's previous quarterly dividend of $0.10. The ex-dividend date was Thursday, March 5th. LandBridge's dividend payout ratio (DPR) is presently 51.06%.

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.

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