45,713 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Purchased by Invesco Ltd.

Invesco Ltd. bought a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 45,713 shares of the energy company's stock, valued at approximately $1,524,000. Invesco Ltd. owned 0.10% of Dorchester Minerals as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

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

Dorchester Minerals Trading Up 3.6 %

NASDAQ DMLP traded up $1.05 on Friday, hitting $29.82. 217,783 shares of the company were exchanged, compared to its average volume of 96,209. The company has a market cap of $1.41 billion, a PE ratio of 14.07 and a beta of 0.79. The stock has a fifty day moving average of $29.32 and a 200-day moving average of $31.53. Dorchester Minerals, L.P. has a 12 month low of $25.84 and a 12 month high of $34.88.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted 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 during the quarter.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.7258 per share. This represents a $2.90 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date of this dividend is Monday, May 5th. Dorchester Minerals's dividend payout ratio is 136.79%.

Insiders Place Their Bets

In related news, CEO Bradley J. Ehrman bought 3,356 shares of the company's stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $29.80 per share, for a total transaction 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. The trade was a 2.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Minerals Operating Dorchester bought 10,000 shares of the firm's stock in a transaction on Wednesday, April 30th. The stock was purchased at an average cost of $28.76 per share, with a total value of $287,600.00. Following the completion of the transaction, the insider now directly owns 58,017 shares of the company's stock, valued at approximately $1,668,568.92. The trade was a 20.83 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 20,191 shares of company stock valued at $598,864. Corporate insiders own 5.90% of the company's stock.

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.