GraniteShares Advisors LLC Buys 7,576 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

GraniteShares Advisors LLC lifted its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,742 shares of the energy company’s stock after buying an additional 7,576 shares during the period. GraniteShares Advisors LLC owned about 0.15% of Dorchester Minerals worth $1,874,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DMLP. Greenwich Investment Management Inc. raised its holdings in Dorchester Minerals by 7.5% in the 4th quarter. Greenwich Investment Management Inc. now owns 532,089 shares of the energy company’s stock valued at $16,936,000 after acquiring an additional 36,965 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Dorchester Minerals in the first quarter valued at $15,347,000. ING Groep NV lifted its position in 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 purchasing an additional 32,000 shares during the period. Texas Yale Capital Corp. boosted its stake in Dorchester Minerals by 12.8% during the first quarter. Texas Yale Capital Corp. now owns 54,800 shares of the energy company’s stock worth $1,848,000 after buying an additional 6,200 shares in the last quarter. Finally, Freestone Capital Holdings LLC increased its holdings in Dorchester Minerals by 182.5% in the 1st quarter. Freestone Capital Holdings LLC now owns 46,619 shares of the energy company’s stock valued at $1,572,000 after buying an additional 30,119 shares during the period. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Stock Performance

NASDAQ DMLP traded down $0.22 during trading on Friday, reaching $30.40. 34,558 shares of the company traded hands, compared to its average volume of 62,588. Dorchester Minerals, L.P. has a 1-year low of $27.16 and a 1-year high of $35.74. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 11.83 and a beta of 1.11. The stock’s 50 day moving average price is $31.02 and its two-hundred day moving average price is $31.87.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $0.57 EPS for the quarter. Dorchester Minerals had a return on equity of 59.40% and a net margin of 66.16%. The business had revenue of $37.36 million for the quarter.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Monday, July 29th were issued a $0.702 dividend. This represents a $2.81 annualized dividend and a dividend yield of 9.24%. The ex-dividend date of this dividend was Monday, July 29th. Dorchester Minerals’s payout ratio is 109.34%.

Insider Buying and Selling

In other news, CEO Bradley J. Ehrman acquired 2,800 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were purchased at an average cost of $29.50 per share, with a total value of $82,600.00. Following the completion of the purchase, the chief executive officer now owns 102,737 shares of the company’s stock, valued at $3,030,741.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Minerals Operating Dorchester bought 2,900 shares of Dorchester Minerals stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of $32.23 per share, for a total transaction of $93,467.00. Following the completion of the transaction, the insider now owns 66,352 shares of the company’s stock, valued at $2,138,524.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley J. Ehrman acquired 2,800 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was purchased at an average price of $29.50 per share, for a total transaction of $82,600.00. Following the completion of the transaction, the chief executive officer now directly owns 102,737 shares in the company, valued at approximately $3,030,741.50. The disclosure for this purchase can be found here. Insiders bought 8,700 shares of company stock worth $273,027 in the last quarter. 7.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

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.