Principal Street Partners LLC Raises Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Principal Street Partners LLC increased its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 100.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,361 shares of the energy company's stock after buying an additional 9,711 shares during the quarter. Principal Street Partners LLC's holdings in Dorchester Minerals were worth $645,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Graney & King LLC purchased a new stake in shares of Dorchester Minerals in the 4th quarter valued at $28,000. Tower Research Capital LLC TRC boosted its holdings in Dorchester Minerals by 638.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock valued at $37,000 after purchasing an additional 952 shares during the last quarter. JPMorgan Chase & Co. grew its position in Dorchester Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock worth $44,000 after purchasing an additional 556 shares during the period. Virtus ETF Advisers LLC raised its stake in shares of Dorchester Minerals by 7.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock valued at $191,000 after buying an additional 402 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Dorchester Minerals during the 4th quarter valued at about $200,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Minerals Operating Dorchester acquired 10,000 shares of the business's stock in a transaction on Wednesday, April 30th. The stock was bought at an average cost of $28.76 per share, for a total transaction of $287,600.00. Following the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bradley J. Ehrman bought 3,356 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the transaction, the chief executive officer now owns 117,710 shares of the company's stock, valued at approximately $3,507,758. This represents a 2.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company's stock.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP opened at $28.23 on Tuesday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.32 and a beta of 0.62. The firm's 50 day simple moving average is $28.90 and its 200-day simple moving average is $31.21. Dorchester Minerals, L.P. has a 12 month low of $25.84 and a 12 month high of $34.88.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $0.36 EPS for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a $0.7258 dividend. This represents a $2.90 annualized dividend and a yield of 10.28%. The ex-dividend date was Monday, May 5th. Dorchester Minerals's payout ratio is currently 142.16%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.

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