Autumn Glory Partners LLC Buys New Position in Dorchester Minerals, L.P. $DMLP

Key Points

• Autumn Glory Partners LLC has acquired a new position in Dorchester Minerals, L.P., purchasing 16,000 shares for about $446,000 in the 2nd quarter.
• Several hedge funds have significantly increased their stakes in Dorchester Minerals, with MIRAE ASSET GLOBAL ETFS HOLDINGS raising its holdings by 258.6% during the 1st quarter.
• Dorchester Minerals has announced a quarterly dividend of $0.6202 per share, which reflects a high annual yield of 9.8%, despite a payout ratio of 144.19%.

Autumn Glory Partners LLC bought a new stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 16,000 shares of the energy company's stock, valued at approximately $446,000.

Several other hedge funds have also modified their holdings of DMLP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dorchester Minerals by 258.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company's stock valued at $12,390,000 after buying an additional 297,029 shares during the period. Round Rock Advisors LLC raised its holdings in shares of Dorchester Minerals by 140.0% during the 1st quarter. Round Rock Advisors LLC now owns 279,153 shares of the energy company's stock valued at $8,397,000 after buying an additional 162,828 shares during the period. Adams Asset Advisors LLC raised its holdings in shares of Dorchester Minerals by 10.3% during the 2nd quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company's stock valued at $17,193,000 after buying an additional 57,600 shares during the period. Canton Hathaway LLC raised its holdings in shares of Dorchester Minerals by 249.9% during the 1st quarter. Canton Hathaway LLC now owns 64,640 shares of the energy company's stock valued at $1,944,000 after buying an additional 46,165 shares during the period. Finally, Texas Yale Capital Corp. raised its holdings in shares of Dorchester Minerals by 57.8% during the 1st quarter. Texas Yale Capital Corp. now owns 121,950 shares of the energy company's stock valued at $3,668,000 after buying an additional 44,650 shares during the period. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Dorchester Minerals Trading Up 0.5%

Shares of DMLP opened at $25.36 on Monday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 14.74 and a beta of 0.61. The stock has a 50 day moving average of $25.52 and a 200-day moving average of $27.24. Dorchester Minerals, L.P. has a 52 week low of $24.01 and a 52 week high of $34.88.

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

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were paid a dividend of $0.6202 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.48 annualized dividend and a yield of 9.8%. Dorchester Minerals's payout ratio is presently 144.19%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of Dorchester Minerals in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

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.

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