Dorchester Minerals, L.P. $DMLP Stock Position Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Round Rock Advisors LLC raised its holdings in shares of Dorchester Minerals by 140.0% in the 1st quarter. Round Rock Advisors LLC now owns 279,153 shares of the energy company's stock worth $8,397,000 after purchasing an additional 162,828 shares in the last quarter. Texas Yale Capital Corp. raised its holdings in shares of Dorchester Minerals by 57.8% during the first quarter. Texas Yale Capital Corp. now owns 121,950 shares of the energy company's stock valued at $3,668,000 after acquiring an additional 44,650 shares during the period. GraniteShares Advisors LLC raised its holdings in shares of Dorchester Minerals by 6.5% during the first quarter. GraniteShares Advisors LLC now owns 78,002 shares of the energy company's stock valued at $2,346,000 after acquiring an additional 4,730 shares during the period. Royal Bank of Canada raised its holdings in shares of Dorchester Minerals by 5.4% during the first quarter. Royal Bank of Canada now owns 74,470 shares of the energy company's stock valued at $2,240,000 after acquiring an additional 3,785 shares during the period. Finally, Canton Hathaway LLC raised its holdings in shares of 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 acquiring an additional 46,165 shares during the period. 19.21% of the stock is currently owned by institutional investors.

Dorchester Minerals Stock Down 0.6%

Shares of DMLP stock traded down $0.15 during trading hours on Friday, reaching $25.34. 67,458 shares of the stock traded hands, compared to its average volume of 122,446. Dorchester Minerals, L.P. has a 1-year low of $24.01 and a 1-year high of $34.88. The business has a fifty day moving average price of $26.16 and a 200 day moving average price of $27.76. The firm has a market capitalization of $1.20 billion, a PE ratio of 14.73 and a beta of 0.65.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $0.25 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%. The business had revenue of $32.40 million for the quarter.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were issued a dividend of $0.6202 per share. The ex-dividend date was Monday, August 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 9.8%. Dorchester Minerals's payout ratio is currently 144.19%.

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.