MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $12.39 Million Stock Holdings in Dorchester Minerals, L.P. $DMLP

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dorchester Minerals by 258.6%, now holding 411,908 shares valued at approximately $12.39 million.
• Wall Street analysts upgraded Dorchester Minerals' rating from "hold" to "buy", signaling anticipated growth.
• Dorchester Minerals' recent quarterly earnings reported $0.25 EPS and a net margin of 47.35%, despite a high dividend payout ratio of 144.19%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 258.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 411,908 shares of the energy company's stock after purchasing an additional 297,029 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.87% of Dorchester Minerals worth $12,390,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Round Rock Advisors LLC lifted its holdings in shares of Dorchester Minerals by 140.0% in the first quarter. Round Rock Advisors LLC now owns 279,153 shares of the energy company's stock valued at $8,397,000 after purchasing an additional 162,828 shares in the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of Dorchester Minerals by 57.8% in the first quarter. Texas Yale Capital Corp. now owns 121,950 shares of the energy company's stock valued at $3,668,000 after purchasing an additional 44,650 shares in the last quarter. GraniteShares Advisors LLC lifted its holdings 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 valued at $2,346,000 after purchasing an additional 4,730 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Dorchester Minerals by 5.4% in the first quarter. Royal Bank of Canada now owns 74,470 shares of the energy company's stock valued at $2,240,000 after purchasing an additional 3,785 shares in the last quarter. Finally, Canton Hathaway LLC lifted its holdings in shares of Dorchester Minerals by 249.9% in 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 in the last quarter. Hedge funds and other institutional investors own 19.21% of the company's stock.

Dorchester Minerals Stock Down 0.6%

Shares of DMLP traded down $0.15 during mid-day trading on Friday, reaching $25.34. The company's stock had a trading volume of 67,458 shares, compared to its average volume of 94,554. The business has a fifty day moving average of $26.10 and a 200 day moving average of $27.68. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 14.73 and a beta of 0.65. Dorchester Minerals, L.P. has a 1 year low of $24.01 and a 1 year high of $34.88.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $0.25 earnings per share (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 business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were paid a $0.6202 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 9.8%. Dorchester Minerals's dividend payout ratio is 144.19%.

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.