Dorchester Minerals, L.P. (NASDAQ:DMLP) Shares Acquired by Texas Yale Capital Corp.

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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Virtus ETF Advisers LLC raised its position in Dorchester Minerals by 7.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock worth $191,000 after buying an additional 402 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Dorchester Minerals by 9.1% during the first quarter. Flagship Harbor Advisors LLC now owns 9,583 shares of the energy company's stock worth $288,000 after acquiring an additional 796 shares during the period. Tower Research Capital LLC TRC raised its holdings in Dorchester Minerals by 638.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock worth $37,000 after purchasing an additional 952 shares in the last quarter. HWG Holdings LP purchased a new position in Dorchester Minerals during the first quarter worth about $29,000. Finally, Commonwealth Equity Services LLC lifted its position in Dorchester Minerals by 9.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,902 shares of the energy company's stock valued at $430,000 after purchasing an additional 1,163 shares during the period. Institutional investors and hedge funds own 19.21% of the company's stock.

Insider Activity at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 10,000 shares of the stock in a transaction on Wednesday, April 30th. The stock was purchased at an average price of $28.76 per share, with a total value of $287,600.00. Following the completion of the transaction, the insider owned 58,017 shares in the company, valued at approximately $1,668,568.92. The trade was a 20.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.90% of the stock is currently owned by corporate insiders.

Dorchester Minerals Stock Up 1.4%

Shares of NASDAQ:DMLP traded up $0.39 during midday trading on Monday, reaching $27.91. The company's stock had a trading volume of 82,646 shares, compared to its average volume of 64,573. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 13.49 and a beta of 0.59. Dorchester Minerals, L.P. has a 1 year low of $25.84 and a 1 year high of $34.88. The business has a 50 day moving average price of $27.61 and a 200 day moving average price of $29.25.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced 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 28.67% and a net margin of 52.49%.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 4th will be given a $0.6202 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date is Monday, August 4th. Dorchester Minerals's dividend payout ratio is currently 142.16%.

Wall Street Analysts Forecast Growth

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.

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.