American National Bank & Trust Invests $639,000 in Dorchester Minerals, L.P. (NASDAQ:DMLP)

American National Bank & Trust purchased a new stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,241 shares of the energy company's stock, valued at approximately $639,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Penbrook Management LLC grew its position in Dorchester Minerals by 16.9% during the first quarter. Penbrook Management LLC now owns 14,550 shares of the energy company's stock valued at $438,000 after buying an additional 2,100 shares during the period. Principal Street Partners LLC boosted its position in Dorchester Minerals by 100.6% during the fourth quarter. Principal Street Partners LLC now owns 19,361 shares of the energy company's stock worth $645,000 after purchasing an additional 9,711 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Dorchester Minerals during the fourth quarter worth about $3,829,000. Focus Partners Wealth bought a new position in Dorchester Minerals during the fourth quarter worth about $208,000. Finally, Cresset Asset Management LLC bought a new position in Dorchester Minerals during the fourth quarter worth about $1,432,000. Institutional investors own 19.21% of the company's stock.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 10,000 shares of the stock in a transaction dated 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 completion of the acquisition, the insider now owns 58,017 shares in the company, valued at $1,668,568.92. This represents a 20.83% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.90% of the company's stock.

Analyst Ratings Changes

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

Dorchester Minerals Price Performance

NASDAQ:DMLP traded down $0.17 on Thursday, reaching $27.16. 56,781 shares of the company's stock were exchanged, compared to its average volume of 101,115. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 12.81 and a beta of 0.62. Dorchester Minerals, L.P. has a 52 week low of $25.84 and a 52 week high of $34.88. The stock has a fifty day simple moving average of $28.26 and a 200-day simple moving average of $30.75.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $0.36 earnings per share 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 company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.7258 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 10.69%. The ex-dividend date of this dividend was Monday, May 5th. Dorchester Minerals's payout ratio is 142.16%.

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.