Latest Insider Trading Activity: 5 Stocks Executives and Directors are Buying

4. Texas Pacific Land Corp (NYSE:TPL)

Number of Hedge Fund Investors: 19

One of the biggest land owners in Texas, Texas Pacific Land Corp (NYSE:TPL) is one of the stocks with recent insider buys this week. Murray Stahl, a director at Texas Pacific Land Corp (NYSE:TPL), bought 12 shares of Texas Pacific Land Corp (NYSE:TPL) worth $583.91 each on April 15. The total value of this transaction was around $7,000. Since then the stock is up 0.6%.

In March, Texas Pacific Land Corp’s (NYSE:TPL) board approved a three-for- one stock split to be distributed to stockholders as a stock dividend.

Horizon Kinetics stated the following regarding Texas Pacific Land Corporation (NYSE:TPL) in its fourth quarter 2023 investor letter:

“An important tipping point was reached in many portfolios last year. It took a half-dozen years and is the result of one of the two greatest positive forces in investing: compounding. We’re not referring to the very visible Texas Pacific Land Corporation (NYSE:TPL) position. That is the product, for older-vintage accounts, of 10 to 15 years of compounding. The greater the weight a successful strategic position like that becomes, the more volatile a portfolio will be, since an individual stock will vary more than a portfolio of stocks.

In 2022, TPL was visibly responsible for such accounts appreciating substantially during a year when the stock market was down substantially. In 2023, TPL was responsible for those accounts declining modestly while the market was up substantially.

What wasn’t very visible is that, after a half-dozen years of compounding, a second strategic position in older-vintage accounts also achieved an important critical mass. Its appreciation in the final quarter of 2023 substantially offset the TPL decline during the period. 10 This is the Grayscale Bitcoin Trust (GBTC). In rough terms, averaged across the group of such accounts, its 80% appreciation offset about three-quarters of the 33% decline in TPL..” (Click here to read the full text)