Dorchester Minerals, L.P. (NASDAQ:DMLP) Position Increased by Round Rock Advisors LLC

Round Rock Advisors LLC raised its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 140.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,153 shares of the energy company's stock after buying an additional 162,828 shares during the period. Dorchester Minerals comprises 1.6% of Round Rock Advisors LLC's investment portfolio, making the stock its 14th largest position. Round Rock Advisors LLC owned 0.59% of Dorchester Minerals worth $8,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Horizon Kinetics Asset Management LLC lifted its position in Dorchester Minerals by 1.3% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Dorchester Minerals during the fourth quarter valued at approximately $3,829,000. GraniteShares Advisors LLC lifted its position in 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 buying an additional 4,730 shares in the last quarter. Texas Yale Capital Corp. lifted its position in Dorchester Minerals by 2.8% during the fourth quarter. Texas Yale Capital Corp. now owns 77,300 shares of the energy company's stock valued at $2,576,000 after buying an additional 2,100 shares in the last quarter. Finally, Canton Hathaway LLC lifted its position in 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 buying an additional 46,165 shares in the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Stock Down 0.3%

Shares of NASDAQ DMLP traded down $0.07 during trading on Friday, reaching $27.54. 85,936 shares of the stock were exchanged, compared to its average volume of 104,255. The business's 50-day moving average price is $27.75 and its 200 day moving average price is $29.73. Dorchester Minerals, L.P. has a twelve month low of $25.84 and a twelve month high of $34.88. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.50 and a beta of 0.59.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported $0.36 EPS 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 business 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 of this dividend was Monday, May 5th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 10.54%. 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 research report on Tuesday, May 13th.

Insider Activity

In related news, insider Minerals Operating Dorchester purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, April 30th. The stock was acquired at an average price of $28.76 per share, for a total transaction of $287,600.00. Following the completion of the purchase, the insider owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.90% of the company's stock.

About Dorchester Minerals

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.