33,077 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Purchased by Highlander Partners L.P.

Highlander Partners L.P. acquired a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,077 shares of the energy company's stock, valued at approximately $995,000. Dorchester Minerals makes up 0.6% of Highlander Partners L.P.'s portfolio, making the stock its 18th largest position. Highlander Partners L.P. owned about 0.07% of Dorchester Minerals at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Graney & King LLC bought a new position in Dorchester Minerals in the 4th quarter worth $28,000. HWG Holdings LP bought a new position in Dorchester Minerals in the 1st quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its position in Dorchester Minerals by 638.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock worth $37,000 after buying an additional 952 shares during the period. Virtus ETF Advisers LLC increased its position in Dorchester Minerals by 7.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock worth $191,000 after buying an additional 402 shares during the period. Finally, Cetera Investment Advisers bought a new position in Dorchester Minerals in the 4th quarter worth approximately $200,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 10,000 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was purchased at an average price of $28.76 per share, for a total transaction of $287,600.00. Following the transaction, the insider owned 58,017 shares in the company, valued at $1,668,568.92. This trade represents a 20.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.90% of the company's stock.

Dorchester Minerals Stock Up 0.2%

NASDAQ DMLP traded up $0.06 during trading on Tuesday, hitting $27.25. The company's stock had a trading volume of 17,145 shares, compared to its average volume of 104,456. The firm has a 50 day moving average price of $27.73 and a 200 day moving average price of $29.52. The firm has a market cap of $1.29 billion, a P/E ratio of 13.36 and a beta of 0.59. 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 announced its quarterly earnings data on Thursday, May 8th. The energy company reported $0.36 earnings per share for the quarter. Dorchester Minerals had a return on equity of 28.67% and a net margin of 52.49%.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 yield of 10.65%. Dorchester Minerals's payout ratio is 142.16%.

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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