Jane Street Group LLC Purchases Shares of 26,140 Dorchester Minerals, L.P. (NASDAQ:DMLP)

Jane Street Group LLC purchased a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,140 shares of the energy company's stock, valued at approximately $871,000. Jane Street Group LLC owned about 0.06% of Dorchester Minerals as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Dorchester Minerals in the fourth quarter valued at about $783,000. HighTower Advisors LLC lifted its stake in Dorchester Minerals by 137.7% in the fourth quarter. HighTower Advisors LLC now owns 27,375 shares of the energy company's stock valued at $912,000 after buying an additional 15,860 shares during the period. Invesco Ltd. acquired a new position in Dorchester Minerals in the fourth quarter valued at about $1,524,000. Horizon Kinetics Asset Management LLC lifted its stake in 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 valued at $30,285,000 after buying an additional 11,753 shares during the period. Finally, Capital Advisory Group Advisory Services LLC acquired a new position in Dorchester Minerals in the fourth quarter valued at about $837,000. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dorchester Minerals

In other news, CEO Bradley J. Ehrman bought 3,356 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $29.80 per share, with a total value of $100,008.80. Following the acquisition, the chief executive officer now directly owns 117,710 shares in the company, valued at approximately $3,507,758. This trade represents a 2.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Minerals Operating Dorchester bought 10,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was purchased at an average cost 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 approximately $1,668,568.92. This represents a 20.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.90% of the stock is currently owned by corporate insiders.

Dorchester Minerals Trading Up 0.8%

Shares of NASDAQ DMLP traded up $0.23 during mid-day trading on Thursday, reaching $27.46. 117,472 shares of the company's stock were exchanged, compared to its average volume of 97,679. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.95 and a beta of 0.62. The business has a fifty day simple moving average of $28.54 and a 200 day simple moving average of $30.95. Dorchester Minerals, L.P. has a twelve month low of $25.84 and a twelve month high of $34.88.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its earnings results 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 36.86% and a net margin of 56.77%.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $0.7258 per share. The ex-dividend date was Monday, May 5th. This represents a $2.90 annualized dividend and a dividend yield of 10.57%. Dorchester Minerals's dividend payout ratio is currently 142.16%.

Analyst Ratings Changes

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

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.