9,650 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Acquired by Principal Street Partners LLC

Principal Street Partners LLC purchased a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,650 shares of the energy company’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Albert D Mason Inc. boosted its holdings in shares of Dorchester Minerals by 1.3% in the 2nd quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock worth $907,000 after acquiring an additional 382 shares in the last quarter. Atomi Financial Group Inc. raised its position in Dorchester Minerals by 7.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after purchasing an additional 459 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Dorchester Minerals by 0.6% in the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after purchasing an additional 639 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Dorchester Minerals by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock worth $734,000 after purchasing an additional 688 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its stake in shares of Dorchester Minerals by 7.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after buying an additional 701 shares in the last quarter. 19.21% of the stock is owned by institutional investors.

Insider Activity at Dorchester Minerals

In related news, CFO Leslie A. Moriyama acquired 3,218 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $32.60 per share, with a total value of $104,906.80. Following the completion of the purchase, the chief financial officer now directly owns 71,400 shares in the company, valued at approximately $2,327,640. This trade represents a 4.72 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Dorchester Minerals Price Performance

DMLP stock opened at $33.69 on Wednesday. The company has a 50 day moving average price of $31.96 and a 200 day moving average price of $31.39. Dorchester Minerals, L.P. has a fifty-two week low of $28.40 and a fifty-two week high of $35.74. The stock has a market capitalization of $1.59 billion, a PE ratio of 12.12 and a beta of 1.09.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. The business had revenue of $53.47 million for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a dividend of $0.996 per share. This represents a $3.98 dividend on an annualized basis and a dividend yield of 11.83%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, October 28th. Dorchester Minerals’s payout ratio is 143.17%.

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.