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

Burford Brothers Inc. lifted its position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 43.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,072 shares of the energy company's stock after purchasing an additional 12,800 shares during the period. Burford Brothers Inc. owned 0.09% of Dorchester Minerals worth $1,266,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DMLP. Graney & King LLC bought a new position in shares of Dorchester Minerals during the fourth quarter valued at approximately $28,000. HWG Holdings LP bought a new stake in Dorchester Minerals during the 1st quarter valued at $29,000. Tower Research Capital LLC TRC boosted its position in Dorchester Minerals by 638.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock valued at $37,000 after purchasing an additional 952 shares in the last quarter. Virtus ETF Advisers LLC grew its position in shares of 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 last quarter. Finally, Cetera Investment Advisers purchased a new position in Dorchester Minerals in the fourth quarter worth $200,000. Hedge funds and other institutional investors own 19.21% of the company's stock.

Insider Activity

In related news, insider Minerals Operating Dorchester acquired 10,000 shares of Dorchester Minerals stock in a transaction that occurred 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 completion of the purchase, the insider directly owned 58,017 shares of the company's stock, valued at approximately $1,668,568.92. This trade represents a 20.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.90% of the company's stock.

Wall Street Analyst Weigh In

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

Dorchester Minerals Trading Up 0.3%

DMLP traded up $0.08 during trading on Monday, hitting $27.62. The company's stock had a trading volume of 87,194 shares, compared to its average volume of 125,013. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.54 and a beta of 0.59. Dorchester Minerals, L.P. has a twelve month low of $25.84 and a twelve month high of $34.88. The business's fifty day simple moving average is $27.75 and its 200 day simple moving average is $29.73.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $0.36 EPS for the quarter. Dorchester Minerals had a net margin of 52.49% and a return on equity of 28.67%.

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 paid a dividend of $0.7258 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 10.51%. Dorchester Minerals's dividend payout ratio (DPR) 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.