Dorchester Minerals' (DMLP) "Hold (C-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Dorchester Minerals (DMLP) has had its "hold (C-)" rating reaffirmed by Weiss Ratings.
• The company's stock opened at $25.31 and has a market capitalization of $1.20 billion.
• In the first quarter, several institutional investors increased their stakes in Dorchester Minerals, reflecting growing interest in the company.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Dorchester Minerals Price Performance

DMLP opened at $25.31 on Friday. Dorchester Minerals has a fifty-two week low of $23.63 and a fifty-two week high of $34.88. The firm's fifty day moving average price is $25.00 and its two-hundred day moving average price is $26.76. The company has a market capitalization of $1.20 billion, a P/E ratio of 14.72 and a beta of 0.61.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $32.40 million during the quarter. Dorchester Minerals had a return on equity of 22.49% and a net margin of 47.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DMLP. Cambridge Investment Research Advisors Inc. bought a new position in shares of Dorchester Minerals during the first quarter valued at $445,000. Round Rock Advisors LLC raised its holdings in shares of Dorchester Minerals by 140.0% in the first quarter. Round Rock Advisors LLC now owns 279,153 shares of the energy company's stock valued at $8,397,000 after buying an additional 162,828 shares during the last quarter. Burford Brothers Inc. raised its holdings in shares of Dorchester Minerals by 43.7% in the first quarter. Burford Brothers Inc. now owns 42,072 shares of the energy company's stock valued at $1,266,000 after buying an additional 12,800 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Dorchester Minerals by 25.9% in the first quarter. Apollon Wealth Management LLC now owns 8,623 shares of the energy company's stock valued at $259,000 after buying an additional 1,775 shares during the last quarter. Finally, Garner Asset Management Corp bought a new position in shares of Dorchester Minerals in the first quarter valued at about $656,000. 19.21% of the stock is owned by institutional investors.

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.

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