Inscription Capital LLC Acquires New Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Inscription Capital LLC purchased a new stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 40,500 shares of the energy company's stock, valued at approximately $1,218,000. Inscription Capital LLC owned about 0.09% of Dorchester Minerals as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Dorchester Minerals during the fourth quarter valued at $3,829,000. Invesco Ltd. purchased a new position in shares of Dorchester Minerals during the 4th quarter valued at about $1,524,000. Cresset Asset Management LLC acquired a new position in shares of Dorchester Minerals in the 4th quarter valued at about $1,432,000. Jane Street Group LLC purchased a new stake in shares of Dorchester Minerals in the fourth quarter worth about $871,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Dorchester Minerals in the fourth quarter worth about $837,000. Hedge funds and other institutional investors own 19.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

Dorchester Minerals Stock Down 0.6%

Shares of NASDAQ:DMLP traded down $0.18 during trading on Friday, hitting $27.73. 95,659 shares of the stock traded hands, compared to its average volume of 102,235. The company has a fifty day moving average price of $28.19 and a two-hundred day moving average price of $30.35. Dorchester Minerals, L.P. has a 52-week low of $25.84 and a 52-week high of $34.88. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 13.59 and a beta of 0.60.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $0.36 earnings per share 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 firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.7258 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.90 annualized dividend and a dividend yield of 10.47%. Dorchester Minerals's dividend payout ratio is presently 142.16%.

Insider Buying and Selling

In related news, insider Minerals Operating Dorchester purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was bought at an average price of $28.76 per share, with a total value of $287,600.00. Following the acquisition, the insider now owns 58,017 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 5.90% of the stock is currently owned by insiders.

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.