Texas Yale Capital Corp. Raises Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Key Points

• Texas Yale Capital Corp. increased its holdings in Dorchester Minerals, L.P. by 57.8% in the first quarter, totaling approximately $3.67 million with over 121,000 shares owned.
• Analysts from Wall Street Zen upgraded Dorchester Minerals from a "hold" to a "buy" rating, reflecting positive sentiment regarding the company's performance.
• The company has declared a quarterly dividend of $0.6202, resulting in an annualized yield of 9.01%, despite a payout ratio of 121.57%.

Texas Yale Capital Corp. lifted its position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 57.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,950 shares of the energy company's stock after acquiring an additional 44,650 shares during the quarter. Texas Yale Capital Corp. owned approximately 0.26% of Dorchester Minerals worth $3,668,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Round Rock Advisors LLC raised its position in Dorchester Minerals by 140.0% in the first quarter. Round Rock Advisors LLC now owns 279,153 shares of the energy company's stock worth $8,397,000 after acquiring an additional 162,828 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Dorchester Minerals during the fourth quarter valued at approximately $3,829,000. Canton Hathaway LLC grew its stake 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 acquiring an additional 46,165 shares in the last quarter. Invesco Ltd. purchased a new position in Dorchester Minerals during the fourth quarter valued at approximately $1,524,000. Finally, Cresset Asset Management LLC bought a new stake in Dorchester Minerals during the fourth quarter valued at approximately $1,432,000. Institutional investors own 19.21% of the company's stock.

Dorchester Minerals Trading Down 0.4%

NASDAQ DMLP traded down $0.11 during trading on Wednesday, hitting $27.85. The company had a trading volume of 29,896 shares, compared to its average volume of 120,294. Dorchester Minerals, L.P. has a one year low of $25.84 and a one year high of $34.88. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 13.65 and a beta of 0.59. The company's fifty day moving average is $27.61 and its 200-day moving average is $29.25.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its earnings results 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 business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 4th will be issued a dividend of $0.6202 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date of this dividend is Monday, August 4th. Dorchester Minerals's payout ratio is presently 121.57%.

Analyst Upgrades and Downgrades

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

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.