Segment Wealth Management LLC increased its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 100.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the energy company’s stock after purchasing an additional 10,000 shares during the period. Segment Wealth Management LLC owned 0.06% of Dorchester Minerals, L.P. worth $301,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Adams Asset Advisors LLC grew its stake in Dorchester Minerals, L.P. by 7.3% in the third quarter. Adams Asset Advisors LLC now owns 519,281 shares of the energy company’s stock worth $7,815,000 after purchasing an additional 35,286 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Dorchester Minerals, L.P. in the second quarter worth $274,000. Virtu KCG Holdings LLC purchased a new stake in shares of Dorchester Minerals, L.P. in the second quarter worth $201,000. Ameriprise Financial Inc. purchased a new stake in shares of Dorchester Minerals, L.P. in the second quarter worth $161,000. Finally, Stephens Inc. AR grew its stake in shares of Dorchester Minerals, L.P. by 6.3% in the second quarter. Stephens Inc. AR now owns 27,196 shares of the energy company’s stock worth $393,000 after acquiring an additional 1,613 shares during the last quarter. 13.44% of the stock is currently owned by institutional investors.
Dorchester Minerals, L.P. (DMLP) traded up 0.51% during midday trading on Monday, hitting $14.65. The stock had a trading volume of 11,226 shares. The stock has a market cap of $472.89 million, a PE ratio of 15.29 and a beta of 0.80. The company’s 50 day moving average price is $14.77 and its 200-day moving average price is $15.32. Dorchester Minerals, L.P. has a 52-week low of $13.90 and a 52-week high of $19.30.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.26 earnings per share for the quarter. Dorchester Minerals, L.P. had a return on equity of 41.71% and a net margin of 65.28%. The firm had revenue of $12.55 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Monday, October 30th will be paid a dividend of $0.2847 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $1.14 annualized dividend and a yield of 7.81%. Dorchester Minerals, L.P.’s dividend payout ratio (DPR) is 120.00%.
DMLP has been the topic of a number of recent research reports. TheStreet cut Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. BidaskClub raised Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th.
In other Dorchester Minerals, L.P. news, insider Minerals Operating Dorchester bought 18,900 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average cost of $14.48 per share, for a total transaction of $273,672.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.20% of the stock is owned by insiders.
Dorchester Minerals, L.P. Profile
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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