Quantbot Technologies LP Acquires New Position in LandBridge Company LLC $LB

Key Points

• Quantbot Technologies LP invested approximately $1.01 million in LandBridge Company LLC, acquiring 14,109 shares in the first quarter.
• Several institutional investors have significantly increased their positions in LandBridge, with notable growth including 399.8% by Ghisallo Capital Management LLC and 907.2% by Annex Advisory Services LLC.
• Analysts have issued mixed ratings on LandBridge, with a consensus rating of "Hold" and a current average target price of $62.29, reflecting differing outlooks from various research firms.

Quantbot Technologies LP bought a new position in LandBridge Company LLC (NYSE:LB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,109 shares of the company's stock, valued at approximately $1,015,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Atlas Wealth Partners LLC grew its holdings in shares of LandBridge by 69.7% in the first quarter. Atlas Wealth Partners LLC now owns 11,645 shares of the company's stock worth $838,000 after purchasing an additional 4,781 shares during the last quarter. Sigma Planning Corp bought a new stake in LandBridge in the first quarter valued at $362,000. Penserra Capital Management LLC bought a new stake in LandBridge in the first quarter valued at $1,788,000. Legal & General Group Plc bought a new stake in LandBridge in the fourth quarter valued at $689,000. Finally, Entropy Technologies LP bought a new stake in LandBridge in the first quarter valued at $554,000.

LandBridge Stock Performance

NYSE:LB traded up $0.50 during mid-day trading on Thursday, reaching $52.35. The company's stock had a trading volume of 143,416 shares, compared to its average volume of 586,869. LandBridge Company LLC has a 12-month low of $32.28 and a 12-month high of $87.60. The firm's fifty day moving average price is $58.40 and its two-hundred day moving average price is $67.09. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.54. The stock has a market cap of $4.01 billion, a P/E ratio of 14.71 and a beta of 0.32.

LandBridge Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. LandBridge's payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

LB has been the topic of several recent analyst reports. Piper Sandler cut their price target on shares of LandBridge from $70.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Raymond James Financial cut their price target on shares of LandBridge from $85.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Wells Fargo & Company lifted their price target on shares of LandBridge from $82.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Barclays cut their price target on shares of LandBridge from $80.00 to $66.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, Johnson Rice cut shares of LandBridge from a "buy" rating to an "accumulate" rating in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $62.29.

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.