HKAM’s Quiet Surge: Daily Share Buys Signal Growing Confidence in Texas Pacific Land Corp.

Insider Buying Builds Momentum for Texas Pacific Land

The most recent director‑dealing filing shows Horizon Kinetics Asset Management LLC (HKAM) adding a single share of Texas Pacific Land Corp. (TPL) on February 12, 2026 at a price of $413.24—just $0.05 above the current $430 market price. While the trade itself is modest, it sits amid a streak of daily purchases by HKAM that began in early January, steadily increasing the firm’s stake from 3.47 million shares in late December to 3.48 million by mid‑February. The cumulative buying volume signals a growing conviction in TPL’s long‑term value, particularly as the company’s share price has surged 18 % in the past week and 32 % in the month, yet remains far below its 52‑week high.

What This Means for Investors

Investors should view HKAM’s continued accumulation as a positive endorsement of TPL’s core business model—land sales, oil and gas royalties, grazing leases and interest income—especially given the company’s recent stable earnings and the analyst buy rating from Texas Capital. The share price’s current high price‑to‑earnings ratio of 60.3 is not an anomaly; it reflects the market’s anticipation of future revenue streams rather than overvaluation. The modest social‑media sentiment of –36 and a buzz level of 56.9 % suggest that the market is still digesting the news, but the overall noise remains below average, indicating that the stock has not yet experienced a sharp reaction to the insider activity. For shareholders, HKAM’s incremental buys could be a harbinger of a more aggressive accumulation phase that might support the stock’s upward trajectory.

Profile of Horizon Kinetics Asset Management

HKAM’s transaction history reveals a disciplined, long‑term investment approach. The firm has been buying roughly one share per day at progressively higher prices, moving from $287 in late December to $407 in mid‑February—a 42 % price appreciation in the span of a month. The firm’s purchases are consistently “buy” transactions with no corresponding sales, underscoring a bullish stance. HKAM’s holdings have expanded from 1.16 million shares in December to 3.48 million by February, more than doubling its stake. This pattern suggests a strategic play to acquire a meaningful influence in TPL, possibly to support management initiatives or to benefit from future dividend distributions. The firm’s past activity also shows occasional larger block trades (e.g., 554 shares in January) that may reflect periodic portfolio rebalancing or opportunistic buying at favorable valuations.

Looking Ahead

With the company’s quarterly results already approved and no dividend changes announced, TPL is positioned to continue generating stable income from its diversified asset base. The steady buying by HKAM, coupled with the company’s solid fundamentals and analyst support, could serve as a catalyst for a gradual rally. Investors monitoring TPL should keep an eye on subsequent insider activity—particularly any moves by senior executives—while also tracking the company’s upcoming earnings reports and any potential strategic partnerships that could further unlock value.