Ghisallo Capital Management LLC Has $16.14 Million Stock Holdings in LandBridge Co LLC (NYSE:LB)

Ghisallo Capital Management LLC grew its holdings in shares of LandBridge Co LLC (NYSE:LB - Free Report) by 399.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 249,875 shares of the company's stock after acquiring an additional 199,875 shares during the quarter. LandBridge comprises approximately 0.9% of Ghisallo Capital Management LLC's holdings, making the stock its 19th largest position. Ghisallo Capital Management LLC owned approximately 0.34% of LandBridge worth $16,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LB. Gilder Gagnon Howe & Co. LLC increased its holdings in shares of LandBridge by 35.9% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 278,856 shares of the company's stock valued at $18,014,000 after buying an additional 73,651 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in shares of LandBridge during the fourth quarter valued at approximately $41,431,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of LandBridge in the 4th quarter valued at approximately $1,431,000. Heights Capital Management Inc. acquired a new position in LandBridge in the 4th quarter worth approximately $10,761,000. Finally, OneDigital Investment Advisors LLC boosted its stake in LandBridge by 20.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 11,779 shares of the company's stock worth $761,000 after purchasing an additional 1,979 shares during the period.

LandBridge Stock Performance

LB stock traded down $1.31 during mid-day trading on Wednesday, reaching $72.96. 320,602 shares of the stock traded hands, compared to its average volume of 296,748. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $69.08 and a two-hundred day moving average of $67.00. The firm has a market capitalization of $5.34 billion and a PE ratio of 20.49. LandBridge Co LLC has a 52 week low of $69.39 and a 52 week high of $75.11.

LandBridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. LandBridge's payout ratio is 11.24%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on LandBridge from $73.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, March 26th. Wells Fargo & Company set a $82.00 price target on LandBridge and gave the company an "overweight" rating in a report on Friday, March 7th. Piper Sandler reduced their target price on shares of LandBridge from $79.00 to $70.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Barclays increased their price target on shares of LandBridge from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Finally, Raymond James lifted their price objective on shares of LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.44.

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.