Custom Index Systems LLC Takes Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Custom Index Systems LLC bought a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 39,451 shares of the energy company's stock, valued at approximately $1,256,000. Custom Index Systems LLC owned about 0.10% of Dorchester Minerals at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC acquired a new stake in Dorchester Minerals during the fourth quarter worth approximately $30,000. Pin Oak Investment Advisors Inc. grew its position in Dorchester Minerals by 45.0% during the second quarter. Pin Oak Investment Advisors Inc. now owns 1,450 shares of the energy company's stock worth $43,000 after buying an additional 450 shares in the last quarter. Citigroup Inc. grew its position in Dorchester Minerals by 4,306.7% during the third quarter. Citigroup Inc. now owns 2,644 shares of the energy company's stock worth $77,000 after buying an additional 2,584 shares in the last quarter. Cannell Capital LLC grew its position in Dorchester Minerals by 35.2% during the first quarter. Cannell Capital LLC now owns 3,399 shares of the energy company's stock worth $88,000 after buying an additional 885 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in Dorchester Minerals during the fourth quarter worth approximately $108,000. Institutional investors and hedge funds own 19.21% of the company's stock.

Dorchester Minerals Trading Down 0.3 %

NASDAQ DMLP traded down $0.10 on Wednesday, hitting $34.33. 63,604 shares of the company's stock were exchanged, compared to its average volume of 80,642. The stock has a 50-day moving average of $31.96 and a 200-day moving average of $30.64. Dorchester Minerals, L.P. has a 52 week low of $27.02 and a 52 week high of $35.74. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 12.09 and a beta of 1.11.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.90 EPS for the quarter. Dorchester Minerals had a return on equity of 66.48% and a net margin of 68.89%. The company had revenue of $50.42 million during the quarter.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Monday, January 29th were issued a $1.0079 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 11.74%. This is an increase from Dorchester Minerals's previous quarterly dividend of $0.54. The ex-dividend date was Friday, January 26th. Dorchester Minerals's dividend payout ratio is presently 141.90%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Dorchester Minerals from a "hold" rating to a "buy" rating in a research note on Saturday, January 6th.

Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 7,500 shares of the firm's stock in a transaction on Thursday, January 25th. The stock was purchased at an average cost of $33.46 per share, for a total transaction of $250,950.00. Following the acquisition, the insider now owns 42,299 shares in the company, valued at approximately $1,415,324.54. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 13,775 shares of company stock worth $448,648 over the last three months. Company insiders own 7.10% of the company's stock.

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.

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