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

Principal Street Partners LLC grew its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 100.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,361 shares of the energy company's stock after purchasing an additional 9,711 shares during the quarter. Principal Street Partners LLC's holdings in Dorchester Minerals were worth $645,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Round Rock Advisors LLC acquired a new stake in shares of Dorchester Minerals in the fourth quarter valued at approximately $3,877,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Dorchester Minerals in the 4th quarter valued at $3,829,000. Invesco Ltd. acquired a new stake in shares of Dorchester Minerals in the 4th quarter worth $1,524,000. Cresset Asset Management LLC acquired a new stake in shares of Dorchester Minerals in the 4th quarter worth $1,432,000. Finally, Burford Brothers Inc. purchased a new position in shares of Dorchester Minerals during the 4th quarter worth $976,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Minerals Operating Dorchester acquired 10,000 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were purchased at an average cost of $28.76 per share, for a total transaction 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bradley J. Ehrman acquired 3,356 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average cost of $29.80 per share, with a total value of $100,008.80. Following the transaction, the chief executive officer now directly owns 117,710 shares in the company, valued at $3,507,758. This trade represents a 2.93% increase in their position. The disclosure for this purchase can be found here. 5.90% of the stock is currently owned by insiders.

Dorchester Minerals Stock Down 1.4%

Shares of Dorchester Minerals stock traded down $0.39 during mid-day trading on Friday, hitting $27.62. The stock had a trading volume of 174,355 shares, compared to its average volume of 97,258. The firm has a 50-day moving average of $28.75 and a two-hundred day moving average of $31.10. The firm has a market cap of $1.31 billion, a P/E ratio of 13.03 and a beta of 0.62. 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 data on Thursday, May 8th. The energy company reported $0.36 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 business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a dividend of $0.7258 per share. This represents a $2.90 annualized dividend and a yield of 10.51%. The ex-dividend date was Monday, May 5th. Dorchester Minerals's dividend payout ratio (DPR) is presently 142.16%.

Wall Street Analyst Weigh In

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

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.