Dorchester Minerals, L.P. (NASDAQ:DMLP) is Greenwich Investment Management Inc.’s 2nd Largest Position

Greenwich Investment Management Inc. grew its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 532,089 shares of the energy company’s stock after buying an additional 36,965 shares during the quarter. Dorchester Minerals makes up 12.7% of Greenwich Investment Management Inc.’s portfolio, making the stock its 2nd biggest holding. Greenwich Investment Management Inc. owned 1.37% of Dorchester Minerals worth $16,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. ING Groep NV boosted its stake in shares of Dorchester Minerals by 36.0% in the fourth quarter. ING Groep NV now owns 121,000 shares of the energy company’s stock worth $3,851,000 after acquiring an additional 32,000 shares during the period. Autumn Glory Partners LLC boosted its stake in Dorchester Minerals by 100.0% during the fourth quarter. Autumn Glory Partners LLC now owns 40,000 shares of the energy company’s stock valued at $1,273,000 after buying an additional 20,000 shares during the last quarter. Custom Index Systems LLC bought a new position in Dorchester Minerals during the fourth quarter valued at approximately $1,256,000. Beacon Pointe Advisors LLC boosted its stake in Dorchester Minerals by 99.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 34,969 shares of the energy company’s stock valued at $1,113,000 after buying an additional 17,415 shares during the last quarter. Finally, Towerpoint Wealth LLC boosted its stake in Dorchester Minerals by 3.0% during the fourth quarter. Towerpoint Wealth LLC now owns 29,434 shares of the energy company’s stock valued at $937,000 after buying an additional 847 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Dorchester Minerals from a “buy” rating to a “hold” rating in a research report on Monday, May 6th.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama purchased 2,430 shares of Dorchester Minerals stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of $31.74 per share, for a total transaction of $77,128.20. Following the completion of the acquisition, the chief financial officer now owns 68,182 shares in the company, valued at approximately $2,164,096.68. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Minerals Operating Dorchester bought 6,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average price of $31.88 per share, with a total value of $191,280.00. Following the transaction, the insider now owns 54,574 shares of the company’s stock, valued at $1,739,819.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Leslie A. Moriyama acquired 2,430 shares of the stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $31.74 per share, with a total value of $77,128.20. Following the transaction, the chief financial officer now directly owns 68,182 shares in the company, valued at $2,164,096.68. The disclosure for this purchase can be found here. Company insiders own 7.10% of the company’s stock.

Dorchester Minerals Stock Performance

DMLP stock traded down $0.77 during midday trading on Wednesday, reaching $31.02. 131,984 shares of the company traded hands, compared to its average volume of 74,134. Dorchester Minerals, L.P. has a 52-week low of $27.16 and a 52-week high of $35.74. The business has a 50 day moving average of $32.90 and a 200-day moving average of $31.89. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 12.37 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.44 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 59.35% and a net margin of 66.57%. The business had revenue of $30.98 million for the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Monday, April 29th were issued a $0.782 dividend. The ex-dividend date was Friday, April 26th. This represents a $3.13 annualized dividend and a dividend yield of 10.08%. Dorchester Minerals’s payout ratio is 121.79%.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.