Quantbot Technologies LP Buys 27,106 Shares of LandBridge Company LLC $LB

Quantbot Technologies LP boosted its stake in LandBridge Company LLC (NYSE:LB) by 192.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,215 shares of the company’s stock after purchasing an additional 27,106 shares during the quarter. Quantbot Technologies LP’s holdings in LandBridge were worth $2,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE bought a new position in shares of LandBridge in the 1st quarter worth $28,000. Uniplan Investment Counsel Inc. bought a new stake in shares of LandBridge during the 1st quarter worth $30,000. Banque Transatlantique SA purchased a new position in LandBridge in the first quarter worth $34,000. Deutsche Bank AG purchased a new position in LandBridge in the first quarter worth $55,000. Finally, Avondale Wealth Management bought a new position in LandBridge in the second quarter valued at $81,000.

LandBridge Trading Down 1.9%

Shares of LB stock opened at $59.33 on Friday. The business has a 50-day moving average of $59.43 and a 200 day moving average of $60.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.15 and a quick ratio of 4.15. LandBridge Company LLC has a 1-year low of $48.55 and a 1-year high of $87.60. The stock has a market capitalization of $4.62 billion, a PE ratio of 84.75 and a beta of 0.25.

LandBridge (NYSE:LB) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.44). LandBridge had a return on equity of 4.63% and a net margin of 13.72%.The company had revenue of $50.83 million during the quarter, compared to analysts’ expectations of $49.13 million. As a group, sell-side analysts anticipate that LandBridge Company LLC will post 0.99 earnings per share for the current year.

LandBridge Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, December 4th. LandBridge’s dividend payout ratio is currently 57.14%.

Analyst Ratings Changes

LB has been the subject of several research analyst reports. UBS Group reaffirmed a “neutral” rating and set a $65.00 price target on shares of LandBridge in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of LandBridge in a report on Tuesday, October 14th. Janney Montgomery Scott downgraded LandBridge from a “buy” rating to a “neutral” rating in a research report on Thursday, November 13th. Zacks Research upgraded shares of LandBridge from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Barclays decreased their price target on shares of LandBridge from $66.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, LandBridge has a consensus rating of “Hold” and a consensus target price of $66.43.

Insiders Place Their Bets

In other LandBridge news, Director Point Energy Fund Aiv- Five II sold 2,500,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $70.00, for a total value of $175,000,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 70.42% of the stock is owned by insiders.

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.