GraniteShares Advisors LLC Grows Stock Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

GraniteShares Advisors LLC increased its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 73,272 shares of the energy company’s stock after purchasing an additional 743 shares during the quarter. GraniteShares Advisors LLC’s holdings in Dorchester Minerals were worth $2,442,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Canton Hathaway LLC purchased a new stake in shares of Dorchester Minerals during the 4th quarter valued at approximately $616,000. Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Dorchester Minerals during the 4th quarter valued at approximately $837,000. MADDEN SECURITIES Corp raised its position in shares of Dorchester Minerals by 54.2% during the 4th quarter. MADDEN SECURITIES Corp now owns 11,382 shares of the energy company’s stock valued at $379,000 after buying an additional 4,000 shares during the period. Apollon Wealth Management LLC purchased a new stake in Dorchester Minerals in the fourth quarter valued at approximately $228,000. Finally, Burford Brothers Inc. purchased a new stake in Dorchester Minerals in the fourth quarter valued at approximately $976,000. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Stock Down 1.4 %

Shares of NASDAQ DMLP opened at $30.63 on Wednesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 14.45 and a beta of 1.07. Dorchester Minerals, L.P. has a 52-week low of $28.41 and a 52-week high of $35.74. The business’s 50 day moving average is $32.49 and its two-hundred day moving average is $32.00.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $39.71 million for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a $0.7394 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.96 annualized dividend and a dividend yield of 9.66%. Dorchester Minerals’s dividend payout ratio (DPR) is 139.15%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 6,500 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was acquired at an average price of $30.90 per share, for a total transaction of $200,850.00. Following the completion of the purchase, the insider now directly owns 47,682 shares in the company, valued at approximately $1,473,373.80. The trade was a 15.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Leslie A. Moriyama purchased 12,050 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $34.41 per share, with a total value of $414,640.50. Following the purchase, the chief financial officer now owns 83,450 shares of the company’s stock, valued at approximately $2,871,514.50. This represents a 16.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 52,269 shares of company stock worth $1,732,575 over the last 90 days. Corporate insiders own 7.10% of the company’s stock.

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.