Burford Brothers Inc. Invests $976,000 in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Burford Brothers Inc. acquired a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) in the fourth quarter, HoldingsChannel reports. The firm acquired 29,272 shares of the energy company’s stock, valued at approximately $976,000.

Several other hedge funds have also added to or reduced their stakes in DMLP. Horizon Kinetics Asset Management LLC grew its position in shares of Dorchester Minerals by 0.6% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock valued at $27,041,000 after buying an additional 5,210 shares during the last quarter. Round Rock Advisors LLC bought a new stake in Dorchester Minerals in the fourth quarter valued at approximately $3,877,000. Moors & Cabot Inc. increased its position in Dorchester Minerals by 0.6% during the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after purchasing an additional 639 shares during the period. Independent Advisor Alliance raised its holdings in Dorchester Minerals by 1.4% during the 3rd quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock worth $2,211,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Inscription Capital LLC lifted its position in shares of Dorchester Minerals by 14.8% in the 3rd quarter. Inscription Capital LLC now owns 46,500 shares of the energy company’s stock worth $1,402,000 after purchasing an additional 6,000 shares during the period. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Dorchester Minerals Stock Down 1.3 %

DMLP opened at $31.42 on Monday. Dorchester Minerals, L.P. has a twelve month low of $28.41 and a twelve month high of $35.74. The company has a fifty day moving average of $33.10 and a 200-day moving average of $31.88. The stock has a market cap of $1.49 billion, a PE ratio of 11.30 and a beta of 1.09.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. The firm had revenue of $53.47 million during the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be paid a dividend of $0.7394 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.96 annualized dividend and a yield of 9.41%. Dorchester Minerals’s dividend payout ratio is currently 143.17%.

Insiders Place Their Bets

In other news, insider Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $32.21 per share, for a total transaction of $209,365.00. Following the purchase, the insider now directly owns 28,728 shares in the company, valued at approximately $925,328.88. This represents a 29.24 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Leslie A. Moriyama purchased 3,218 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the purchase, the chief financial officer now owns 71,400 shares in the company, valued at $2,327,640. This trade represents a 4.72 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 41,152 shares of company stock worth $1,388,552. 7.10% of the stock is owned by corporate insiders.

About Dorchester Minerals

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.