Graney & King LLC Buys New Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Graney & King LLC purchased a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 855 shares of the energy company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after acquiring an additional 556 shares during the period. HUB Investment Partners LLC acquired a new position in Dorchester Minerals in the fourth quarter valued at $212,000. Corient Private Wealth LLC purchased a new stake in shares of Dorchester Minerals in the fourth quarter valued at about $219,000. Apollon Wealth Management LLC purchased a new position in shares of Dorchester Minerals during the fourth quarter worth about $228,000. Finally, Principal Street Partners LLC acquired a new position in Dorchester Minerals in the 3rd quarter valued at about $291,000. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Dorchester Minerals Stock Performance

Shares of DMLP opened at $29.89 on Thursday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 14.10 and a beta of 1.08. Dorchester Minerals, L.P. has a 1 year low of $28.25 and a 1 year high of $35.74. The company’s fifty day moving average is $31.10 and its two-hundred day moving average is $31.90.

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

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were issued a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is presently 139.15%.

Insiders Place Their Bets

In other news, CEO Bradley J. Ehrman purchased 3,356 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the acquisition, the chief executive officer now directly owns 117,710 shares in the company, valued at approximately $3,507,758. The trade was a 2.93 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $31.69 per share, with a total value of $237,675.00. Following the completion of the acquisition, the insider now owns 41,182 shares of the company’s stock, valued at $1,305,057.58. The trade was a 22.27 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 18,645 shares of company stock worth $580,602. 5.90% of the stock is owned by corporate insiders.

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.