Horizon Kinetics Asset Management LLC Acquires 11,753 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Horizon Kinetics Asset Management LLC increased its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 908,646 shares of the energy company’s stock after purchasing an additional 11,753 shares during the period. Dorchester Minerals makes up 0.4% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 26th biggest position. Horizon Kinetics Asset Management LLC’s holdings in Dorchester Minerals were worth $30,285,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DMLP. Round Rock Advisors LLC bought a new position in shares of Dorchester Minerals during the 4th quarter valued at about $3,877,000. Burford Brothers Inc. acquired a new stake in Dorchester Minerals in the 4th quarter valued at approximately $976,000. Capital Advisory Group Advisory Services LLC acquired a new stake in Dorchester Minerals in the 4th quarter valued at approximately $837,000. Raymond James Financial Inc. acquired a new stake in Dorchester Minerals in the 4th quarter valued at approximately $783,000. Finally, Fisher Asset Management LLC acquired a new stake in Dorchester Minerals in the 4th quarter valued at approximately $650,000. Institutional investors own 19.21% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Dorchester Minerals from a “buy” rating to a “hold” rating in a research report on Monday, February 24th.

Insiders Place Their Bets

In other news, insider Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of $33.19 per share, for a total transaction of $31,663.26. Following the purchase, the insider now directly owns 33,682 shares of the company’s stock, valued at $1,117,905.58. This trade represents a 2.91 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bradley J. Ehrman purchased 3,356 shares of Dorchester Minerals stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $29.80 per share, with a total value of $100,008.80. Following the completion of the purchase, the chief executive officer now directly owns 117,710 shares in the company, valued at $3,507,758. This trade represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 29,145 shares of company stock valued at $921,407 in the last 90 days. 5.90% of the stock is currently owned by insiders.

Dorchester Minerals Stock Performance

Shares of Dorchester Minerals stock opened at $29.71 on Monday. The business’s 50 day simple moving average is $31.71 and its 200 day simple moving average is $31.92. Dorchester Minerals, L.P. has a 52-week low of $28.25 and a 52-week high of $35.74. The firm has a market cap of $1.41 billion, a PE ratio of 14.01 and a beta of 1.08.

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. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%. The business had revenue of $39.71 million for the quarter.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were given a dividend of $0.7394 per share. This represents a $2.96 annualized dividend and a dividend yield of 9.95%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is 139.15%.

Dorchester Minerals 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.