21,774 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC has acquired 21,774 shares in Dorchester Minerals, L.P., valued at approximately $655,000, as per their recent 13F filing with the SEC.
• A number of institutional investors, including LPL Financial LLC and Geode Capital Management LLC, have increased their stakes in Dorchester Minerals, indicating increased interest from large investors.
• Dorchester Minerals recently cut its dividend to $0.6202, with a dividend yield of 10.1%, while its payout ratio stands at 144.19%.

Virtu Financial LLC bought a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,774 shares of the energy company's stock, valued at approximately $655,000.

A number of other large investors have also recently made changes to their positions in DMLP. LPL Financial LLC increased its stake in shares of Dorchester Minerals by 9.3% during the fourth quarter. LPL Financial LLC now owns 57,173 shares of the energy company's stock worth $1,906,000 after buying an additional 4,877 shares during the period. Geode Capital Management LLC increased its stake in Dorchester Minerals by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 32,261 shares of the energy company's stock valued at $1,075,000 after purchasing an additional 7,427 shares during the last quarter. Invesco Ltd. purchased a new position in Dorchester Minerals in the fourth quarter valued at approximately $1,524,000. Raymond James Financial Inc. purchased a new position in Dorchester Minerals in the fourth quarter valued at approximately $783,000. Finally, XTX Topco Ltd purchased a new position in Dorchester Minerals in the fourth quarter valued at approximately $237,000. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Dorchester Minerals Stock Down 2.3%

Shares of Dorchester Minerals stock opened at $24.66 on Wednesday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 14.34 and a beta of 0.65. Dorchester Minerals, L.P. has a 52 week low of $24.50 and a 52 week high of $34.88. The firm's 50 day moving average is $27.39 and its two-hundred day moving average is $28.78.

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

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 4th will be issued a $0.6202 dividend. This represents a $2.48 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend is Monday, August 4th. Dorchester Minerals's dividend payout ratio is presently 144.19%.

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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