Flow Traders U.S. LLC Buys New Position in LandBridge Co LLC (NYSE:LB)

Flow Traders U.S. LLC acquired a new stake in LandBridge Co LLC (NYSE:LB - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,335 shares of the company's stock, valued at approximately $600,000.

A number of other institutional investors have also recently made changes to their positions in the business. nVerses Capital LLC acquired a new position in LandBridge during the 3rd quarter worth approximately $31,000. M&R Capital Management Inc. acquired a new position in LandBridge during the 3rd quarter worth approximately $39,000. BNP Paribas Financial Markets acquired a new position in shares of LandBridge in the 3rd quarter valued at $168,000. Axxcess Wealth Management LLC acquired a new position in shares of LandBridge in the 3rd quarter valued at $218,000. Finally, Requisite Capital Management LLC acquired a new position in shares of LandBridge in the 3rd quarter valued at $293,000.

Analyst Ratings Changes

LB has been the subject of several research analyst reports. The Goldman Sachs Group upped their target price on shares of LandBridge from $38.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Barclays upped their price target on shares of LandBridge from $29.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 15th. Piper Sandler upped their price target on shares of LandBridge from $39.00 to $79.00 and gave the company a "neutral" rating in a research report on Monday, November 25th. Wells Fargo & Company upped their price target on shares of LandBridge from $34.00 to $36.00 and gave the company an "overweight" rating in a research report on Friday, August 9th. Finally, Citigroup upped their price target on shares of LandBridge from $31.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, LandBridge currently has an average rating of "Moderate Buy" and a consensus price target of $41.88.

LandBridge Stock Down 5.9 %

NYSE:LB traded down $4.45 during mid-day trading on Wednesday, reaching $70.39. The company's stock had a trading volume of 544,125 shares, compared to its average volume of 395,927. The stock's fifty day moving average price is $58.22. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.60. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $80.82.

LandBridge Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.57%.

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.