Hood River Capital Management LLC Invests $41.43 Million in LandBridge Co LLC (NYSE:LB)

Hood River Capital Management LLC acquired a new stake in LandBridge Co LLC (NYSE:LB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 641,345 shares of the company's stock, valued at approximately $41,431,000. Hood River Capital Management LLC owned 0.88% of LandBridge at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LB. Tocqueville Asset Management L.P. boosted its holdings in LandBridge by 7.6% in the 4th quarter. Tocqueville Asset Management L.P. now owns 88,190 shares of the company's stock valued at $5,697,000 after purchasing an additional 6,240 shares during the period. Schwartz Investment Counsel Inc. raised its holdings in LandBridge by 1.0% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 426,568 shares of the company's stock valued at $27,556,000 after acquiring an additional 4,400 shares in the last quarter. Atlas Wealth Partners LLC bought a new stake in shares of LandBridge in the 4th quarter worth approximately $443,000. Stratos Wealth Partners LTD. acquired a new stake in shares of LandBridge during the 4th quarter worth approximately $234,000. Finally, Ipswich Investment Management Co. Inc. acquired a new position in shares of LandBridge in the fourth quarter valued at $1,018,000.

Analyst Ratings Changes

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

LandBridge Trading Up 4.4 %

Shares of NYSE LB opened at $68.28 on Wednesday. LandBridge Co LLC has a 1-year low of $18.75 and a 1-year high of $84.70. The company has a 50-day moving average of $69.03 and a two-hundred day moving average of $66.10. The company has a market cap of $5.00 billion and a PE ratio of 19.18. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.59%. The ex-dividend date was Thursday, March 6th. LandBridge's dividend payout ratio is 11.24%.

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.

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