Beacon Pointe Advisors LLC Has $1.55 Million Stock Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Beacon Pointe Advisors LLC boosted its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,453 shares of the energy company's stock after acquiring an additional 10,006 shares during the quarter. Beacon Pointe Advisors LLC owned about 0.10% of Dorchester Minerals worth $1,548,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Flagship Harbor Advisors LLC lifted its position in shares of Dorchester Minerals by 3.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 8,787 shares of the energy company's stock worth $293,000 after acquiring an additional 302 shares during the period. Virtus ETF Advisers LLC grew its stake in shares of Dorchester Minerals by 7.5% during the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock worth $191,000 after purchasing an additional 402 shares during the period. Albert D Mason Inc. boosted its stake in Dorchester Minerals by 1.8% during the 4th quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company's stock worth $998,000 after acquiring an additional 525 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock worth $44,000 after acquiring an additional 556 shares in the last quarter. Finally, GraniteShares Advisors LLC raised its position in shares of Dorchester Minerals by 1.0% during the fourth quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company's stock worth $2,442,000 after purchasing an additional 743 shares during the period. 19.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Dorchester Minerals

In other news, CEO Bradley J. Ehrman bought 3,356 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $29.80 per share, for a total transaction of $100,008.80. Following the transaction, the chief executive officer now owns 117,710 shares of the company's stock, valued at $3,507,758. This represents a 2.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Minerals Operating Dorchester acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The shares were acquired at an average price of $28.76 per share, with a total value of $287,600.00. Following the completion of the transaction, the insider now owns 58,017 shares in the company, valued at $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. Over the last three months, insiders have acquired 20,191 shares of company stock worth $598,864. Corporate insiders own 5.90% of the company's stock.

Dorchester Minerals Stock Performance

Dorchester Minerals stock traded down $1.43 during midday trading on Monday, reaching $28.39. 92,253 shares of the company's stock were exchanged, compared to its average volume of 95,728. Dorchester Minerals, L.P. has a 52 week low of $25.84 and a 52 week high of $34.88. The stock's 50-day simple moving average is $29.32 and its 200 day simple moving average is $31.53. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 13.39 and a beta of 0.79.

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

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 10.23%. The ex-dividend date is Monday, May 5th. Dorchester Minerals's dividend payout ratio is currently 136.79%.

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.