HUB Investment Partners LLC Buys New Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

HUB Investment Partners LLC bought a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,360 shares of the energy company’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Dorchester Minerals by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company’s stock worth $749,000 after purchasing an additional 1,109 shares during the period. Capital Advisory Group Advisory Services LLC acquired a new stake in Dorchester Minerals during the 4th quarter worth $837,000. Fisher Asset Management LLC acquired a new stake in shares of Dorchester Minerals in the 4th quarter worth $650,000. Round Rock Advisors LLC acquired a new stake in shares of Dorchester Minerals in the 4th quarter worth $3,877,000. Finally, Horizon Kinetics Asset Management LLC lifted its stake in shares of Dorchester Minerals by 1.3% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company’s stock worth $30,285,000 after acquiring an additional 11,753 shares during the period. 19.21% of the stock is owned by hedge funds and other institutional investors.

Dorchester Minerals Stock Down 0.3 %

Shares of NASDAQ DMLP opened at $30.12 on Friday. Dorchester Minerals, L.P. has a 52 week low of $28.25 and a 52 week high of $35.74. The firm has a 50-day moving average price of $31.32 and a 200 day moving average price of $31.90. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.21 and a beta of 1.08.

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

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were paid a $0.7394 dividend. This represents a $2.96 annualized dividend and a dividend yield of 9.82%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is 139.15%.

Insider Buying and Selling at Dorchester Minerals

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

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.