114,879 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 114,879 shares of the energy company's stock, valued at approximately $3,829,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.24% of Dorchester Minerals as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Graney & King LLC bought a new position in Dorchester Minerals in the fourth quarter worth approximately $28,000. Tower Research Capital LLC TRC increased its position in shares of Dorchester Minerals by 638.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock worth $37,000 after purchasing an additional 952 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock worth $44,000 after purchasing an additional 556 shares in the last quarter. Virtus ETF Advisers LLC increased its position 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 in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Dorchester Minerals during the fourth quarter worth $200,000. Institutional investors own 19.21% of the company's stock.

Dorchester Minerals Trading Down 0.3%

Shares of DMLP stock opened at $28.23 on Tuesday. The business's fifty day simple moving average is $28.90 and its 200-day simple moving average is $31.21. The company has a market cap of $1.34 billion, a PE ratio of 13.32 and a beta of 0.62. 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 issued its quarterly earnings results on Thursday, May 8th. The energy company reported $0.36 earnings per share (EPS) 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 company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $0.7258 dividend. This represents a $2.90 annualized dividend and a dividend yield of 10.28%. The ex-dividend date of this dividend was Monday, May 5th. Dorchester Minerals's payout ratio is 142.16%.

Insider Activity at Dorchester Minerals

In other news, insider Minerals Operating Dorchester bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were purchased at an average cost of $28.76 per share, with a total value of $287,600.00. Following the transaction, the insider now directly owns 58,017 shares in the company, valued at approximately $1,668,568.92. The trade was a 20.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bradley J. Ehrman bought 3,356 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased 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 owns 117,710 shares in the company, valued at $3,507,758. This trade represents a 2.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised Dorchester Minerals from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

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.

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