MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Takes Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and 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 filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Dorchester Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock valued at $44,000 after acquiring an additional 556 shares during the period. Flagship Harbor Advisors LLC grew its position in 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 purchasing an additional 302 shares during the period. Round Rock Advisors LLC acquired a new position in Dorchester Minerals during the 4th quarter valued at approximately $3,877,000. Burford Brothers Inc. acquired a new stake in Dorchester Minerals in the 4th quarter valued at about $976,000. Finally, Apollon Wealth Management LLC acquired a new stake in Dorchester Minerals during the 4th quarter worth about $228,000. 19.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised Dorchester Minerals from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Insider Buying and Selling

In other news, CEO Bradley J. Ehrman bought 3,356 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 117,710 shares of the company's stock, valued at $3,507,758. The trade was a 2.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Minerals Operating Dorchester acquired 10,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were bought at an average price 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 position. The disclosure for this purchase can be found here. 5.90% of the stock is owned by company insiders.

Dorchester Minerals Price Performance

NASDAQ:DMLP traded down $0.39 during trading hours on Friday, reaching $27.62. The company's stock had a trading volume of 174,355 shares, compared to its average volume of 97,258. Dorchester Minerals, L.P. has a one year low of $25.84 and a one year high of $34.88. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 13.03 and a beta of 0.62. The business's 50-day moving average is $28.75 and its 200-day moving average is $31.08.

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

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.7258 dividend. This represents a $2.90 annualized dividend and a dividend yield of 10.51%. The ex-dividend date was Monday, May 5th. Dorchester Minerals's dividend payout ratio is currently 142.16%.

About Dorchester Minerals

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.