Cresset Asset Management LLC Invests $1.43 Million in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Cresset Asset Management LLC acquired a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 42,978 shares of the energy company's stock, valued at approximately $1,432,000. Cresset Asset Management LLC owned about 0.09% of Dorchester Minerals at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers purchased a new position in shares of Dorchester Minerals in the fourth quarter worth approximately $200,000. Mercer Global Advisors Inc. ADV lifted its position in Dorchester Minerals by 17.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,250 shares of the energy company's stock valued at $275,000 after purchasing an additional 1,250 shares in the last quarter. Jane Street Group LLC purchased a new position in Dorchester Minerals during the fourth quarter valued at $871,000. Beacon Pointe Advisors LLC lifted its position in Dorchester Minerals by 27.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 46,453 shares of the energy company's stock valued at $1,548,000 after purchasing an additional 10,006 shares in the last quarter. Finally, Virtus ETF Advisers LLC lifted its position in Dorchester Minerals by 7.5% during the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock valued at $191,000 after purchasing an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 19.21% of the company's stock.

Insider Activity

In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 3,356 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $29.80 per share, for a total transaction of $100,008.80. Following the completion of the transaction, the chief executive officer now directly owns 117,710 shares of the company's stock, valued at approximately $3,507,758. The trade was a 2.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Minerals Operating Dorchester acquired 10,000 shares of the stock in a transaction dated Wednesday, April 30th. The stock was acquired at an average price of $28.76 per share, for a total transaction 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. This represents a 20.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Dorchester Minerals from a "hold" rating to a "buy" rating in a research report on Tuesday.

Dorchester Minerals Trading Up 0.1%

NASDAQ DMLP traded up $0.04 on Friday, hitting $28.36. 32,431 shares of the company traded hands, compared to its average volume of 134,263. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.37 and a beta of 0.62. The business's 50 day moving average price is $28.96 and its 200-day moving average price is $31.26. Dorchester Minerals, L.P. has a 52-week low of $25.84 and a 52-week high of $34.88.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its earnings results on Thursday, May 8th. The energy company reported $0.36 earnings per share for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.7258 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.90 annualized dividend and a dividend yield of 10.24%. Dorchester Minerals's payout ratio is 142.16%.

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.