Cambridge Investment Research Advisors Inc. Invests $445,000 in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Cambridge Investment Research Advisors Inc. acquired a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,796 shares of the energy company's stock, valued at approximately $445,000.

A number of other hedge funds also recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC lifted its position in shares of Dorchester Minerals by 1.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company's stock worth $30,285,000 after buying an additional 11,753 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Dorchester Minerals in the fourth quarter worth about $3,829,000. GraniteShares Advisors LLC lifted its position in shares of Dorchester Minerals by 6.5% in the first quarter. GraniteShares Advisors LLC now owns 78,002 shares of the energy company's stock worth $2,346,000 after buying an additional 4,730 shares in the last quarter. Texas Yale Capital Corp. raised its position in Dorchester Minerals by 2.8% during the fourth quarter. Texas Yale Capital Corp. now owns 77,300 shares of the energy company's stock valued at $2,576,000 after purchasing an additional 2,100 shares during the period. Finally, Canton Hathaway LLC raised its position in Dorchester Minerals by 249.9% during the first quarter. Canton Hathaway LLC now owns 64,640 shares of the energy company's stock valued at $1,944,000 after purchasing an additional 46,165 shares during the period. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Dorchester Minerals Stock Performance

DMLP stock traded up $0.08 during midday trading on Monday, reaching $27.62. 87,194 shares of the company traded hands, compared to its average volume of 104,187. Dorchester Minerals, L.P. has a 52-week low of $25.84 and a 52-week high of $34.88. The business has a 50 day moving average of $27.75 and a 200-day moving average of $29.73. 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 (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $0.36 earnings per share (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 business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given 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 yield of 10.51%. Dorchester Minerals's dividend payout ratio (DPR) is presently 142.16%.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 10,000 shares of Dorchester Minerals stock in a transaction dated Wednesday, April 30th. The shares were purchased at an average cost of $28.76 per share, for a total transaction of $287,600.00. Following the completion of the acquisition, the insider owned 58,017 shares in the company, valued at $1,668,568.92. This represents a 20.83% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

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

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.