Dorchester Minerals, L.P. (NASDAQ:DMLP) Shares Bought by Burford Brothers Inc.

Burford Brothers Inc. grew its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 43.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,072 shares of the energy company's stock after purchasing an additional 12,800 shares during the period. Burford Brothers Inc. owned approximately 0.09% of Dorchester Minerals worth $1,266,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Dorchester Minerals in the 4th quarter valued at about $783,000. HighTower Advisors LLC increased its position in shares of Dorchester Minerals by 137.7% during the fourth quarter. HighTower Advisors LLC now owns 27,375 shares of the energy company's stock valued at $912,000 after acquiring an additional 15,860 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Dorchester Minerals by 9.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,902 shares of the energy company's stock valued at $430,000 after acquiring an additional 1,163 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Dorchester Minerals in the 4th quarter worth approximately $219,000. Finally, Horizon Kinetics Asset Management LLC boosted its position in shares of Dorchester Minerals by 1.3% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company's stock worth $30,285,000 after purchasing an additional 11,753 shares during the period. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 10,000 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was acquired at an average price of $28.76 per share, for a total transaction of $287,600.00. Following the completion of the purchase, the insider directly owned 58,017 shares in the company, valued at approximately $1,668,568.92. The trade was a 20.83% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by insiders.

Dorchester Minerals Stock Performance

Shares of NASDAQ DMLP traded down $0.07 during trading on Friday, reaching $27.54. The stock had a trading volume of 85,936 shares, compared to its average volume of 103,967. The company has a market cap of $1.30 billion, a P/E ratio of 13.50 and a beta of 0.59. Dorchester Minerals, L.P. has a fifty-two week low of $25.84 and a fifty-two week high of $34.88. The business's 50-day moving average price is $27.75 and its 200-day moving average price is $29.77.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy company reported $0.36 EPS 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. Investors 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 10.54%. The ex-dividend date of this dividend was Monday, May 5th. Dorchester Minerals's dividend payout ratio (DPR) is currently 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.