Quantbot Technologies LP Invests $1.02 Million 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 shares of LandBridge Company LLC (NYSE:LB - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 14,109 shares of the company's stock, valued at approximately $1,015,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its stake in LandBridge by 1.6% during the 1st quarter. Raymond James Financial Inc. now owns 329,123 shares of the company's stock valued at $23,677,000 after purchasing an additional 5,155 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in LandBridge by 2.5% during the 1st quarter. Tocqueville Asset Management L.P. now owns 90,370 shares of the company's stock valued at $6,501,000 after purchasing an additional 2,180 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in LandBridge by 8,533.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,554 shares of the company's stock valued at $112,000 after purchasing an additional 1,536 shares during the last quarter. HighTower Advisors LLC grew its stake in LandBridge by 24.6% during the 1st quarter. HighTower Advisors LLC now owns 79,804 shares of the company's stock valued at $5,741,000 after purchasing an additional 15,770 shares during the last quarter. Finally, Independent Advisor Alliance grew its stake in LandBridge by 25.6% during the 1st quarter. Independent Advisor Alliance now owns 6,399 shares of the company's stock valued at $460,000 after purchasing an additional 1,306 shares during the last quarter.

LandBridge Price Performance

Shares of NYSE:LB traded up $0.58 during midday trading on Friday, hitting $53.11. The company had a trading volume of 238,935 shares, compared to its average volume of 563,256. LandBridge Company LLC has a twelve month low of $32.28 and a twelve month high of $87.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 4.26 and a quick ratio of 4.26. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 14.92 and a beta of 0.32. The business's 50-day simple moving average is $57.71 and its 200-day simple moving average is $66.82.

LandBridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, September 4th. LandBridge's dividend payout ratio (DPR) is presently 11.24%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays lowered their target price on LandBridge from $80.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Johnson Rice downgraded LandBridge from a "buy" rating to an "accumulate" rating in a research note on Wednesday, May 21st. Piper Sandler reduced their price target on LandBridge from $70.00 to $55.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Wells Fargo & Company upped their price target on LandBridge from $82.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Raymond James Financial reduced their price target on LandBridge from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $62.29.

LandBridge Company 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.