Dorchester Minerals, L.P. (NASDAQ:DMLP) Shares Bought by Canton Hathaway LLC

Canton Hathaway LLC boosted its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 249.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,640 shares of the energy company's stock after purchasing an additional 46,165 shares during the quarter. Dorchester Minerals comprises 0.4% of Canton Hathaway LLC's investment portfolio, making the stock its 29th largest holding. Canton Hathaway LLC owned 0.14% of Dorchester Minerals worth $1,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DMLP. Virtus ETF Advisers LLC raised its position in Dorchester Minerals by 7.5% during 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. GraniteShares Advisors LLC raised its position in Dorchester Minerals by 1.0% during the 4th quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company's stock worth $2,442,000 after buying an additional 743 shares during the last quarter. Graney & King LLC purchased a new position in Dorchester Minerals during the 4th quarter worth $28,000. Tower Research Capital LLC TRC raised its position in Dorchester Minerals by 638.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock worth $37,000 after buying an additional 952 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Dorchester Minerals by 9.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,902 shares of the energy company's stock worth $430,000 after buying an additional 1,163 shares during the last quarter. Hedge funds and other institutional investors own 19.21% of the company's stock.

Wall Street Analyst Weigh In

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.

Insider Activity

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 10,000 shares of the stock in a transaction that occurred on 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 purchase, the insider now owns 58,017 shares in the company, valued at approximately $1,668,568.92. The trade was a 20.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.90% of the company's stock.

Dorchester Minerals Stock Performance

Dorchester Minerals stock traded down $0.18 during trading hours on Friday, reaching $27.73. 95,659 shares of the stock were exchanged, compared to its average volume of 102,521. The firm's 50 day moving average is $28.18 and its 200 day moving average is $30.26. The stock has a market cap of $1.31 billion, a P/E ratio of 13.59 and a beta of 0.60. Dorchester Minerals, L.P. has a 52-week low of $25.84 and a 52-week high of $34.88.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $0.36 earnings per share (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 business 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. 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 10.47%. Dorchester Minerals's dividend payout ratio is presently 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.