2 weeks Ago By ABMN Staff
Commonwealth Equity Services LLC lifted its holdings in shares of Dorchester Minerals, L.P. ( NASDAQ:DMLP – Free Report ) by 9.
9% in the 4th quarter, Holdings Channel reports. The firm owned 12,902 shares of the energy company’s stock after acquiring an additional 1,163 shares during the period. Commonwealth Equity Services LLC’s holdings in Dorchester Minerals were worth $430,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Dorchester Minerals by 62.
6% in the third 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 last quarter.
Apollon Wealth Management LLC bought a new position in shares of Dorchester Minerals during the 4th quarter valued at about $228,000. Flagship Harbor Advisors LLC raised its holdings in shares of Dorchester Minerals by 3.6% during the 4th quarter.
Flagship Harbor Advisors LLC now owns 8,787 shares of the energy company’s stock valued at $293,000 after buying an additional 302 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Dorchester Minerals by 38.4% during the 3rd quarter.
HighTower Advisors LLC now owns 11,515 shares of the energy company’s stock valued at $348,000 after buying an additional 3,192 shares in the last quarter. Finally, MADDEN SECURITIES Corp lifted its position in Dorchester Minerals by 54.2% in the 4th quarter.
MADDEN SECURITIES Corp now owns 11,382 shares of the energy company’s stock worth $379,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.
Insider Buying and Selling at Dorchester Minerals In other Dorchester Minerals news, CEO Bradley J. Ehrman bought 3,356 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost 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 of the company’s stock, valued at $3,507,758.
This trade represents a 2.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link .
Also, insider Minerals Operating Dorchester purchased 6,500 shares of the stock in a transaction on Tuesday, February 4th. The shares were acquired at an average cost of $30.90 per share, with a total value of $200,850.
00. Following the transaction, the insider now directly owns 47,682 shares in the company, valued at $1,473,373.80.
The trade was a 15.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Over the last 90 days, insiders purchased 17,691 shares of company stock worth $548,939. 5.90% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In Check Out Our Latest Report on DMLP Dorchester Minerals Stock Down 5.1 % Shares of NASDAQ:DMLP opened at $28.13 on Friday.
The stock has a market cap of $1.33 billion, a PE ratio of 13.27 and a beta of 1.
08. The company’s fifty day moving average is $30.68 and its 200 day moving average is $31.
92. Dorchester Minerals, L.P.
has a 52 week low of $28.09 and a 52 week high of $35.25.
Dorchester Minerals ( NASDAQ:DMLP – Get Free Report ) last announced its quarterly earnings data 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 firm 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 paid a $0.7394 dividend. The ex-dividend date of this dividend was Monday, February 3rd.
This represents a $2.96 dividend on an annualized basis and a yield of 10.51%.
Dorchester Minerals’s dividend payout ratio (DPR) is currently 139.15%. Dorchester Minerals Profile ( Free Report ) 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.
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