Adams Asset Advisors LLC Raises Position in Dorchester Minerals LP (DMLP)

Adams Asset Advisors LLC boosted its stake in Dorchester Minerals LP (NASDAQ:DMLP) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 535,003 shares of the energy company’s stock after acquiring an additional 15,722 shares during the quarter. Dorchester Minerals makes up about 1.0% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Adams Asset Advisors LLC’s holdings in Dorchester Minerals were worth $8,132,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its stake in Dorchester Minerals by 11.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 44,449 shares of the energy company’s stock valued at $669,000 after purchasing an additional 4,500 shares during the last quarter. Commonwealth Equity Services Inc lifted its stake in Dorchester Minerals by 55.8% in the 3rd quarter. Commonwealth Equity Services Inc now owns 20,370 shares of the energy company’s stock valued at $306,000 after purchasing an additional 7,293 shares during the last quarter. Lee Financial Co lifted its stake in Dorchester Minerals by 251.1% in the 3rd quarter. Lee Financial Co now owns 80,757 shares of the energy company’s stock valued at $1,216,000 after purchasing an additional 57,756 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its stake in Dorchester Minerals by 27.5% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 47,399 shares of the energy company’s stock valued at $713,000 after purchasing an additional 10,229 shares during the last quarter. Finally, Segment Wealth Management LLC lifted its stake in Dorchester Minerals by 100.0% in the 3rd quarter. Segment Wealth Management LLC now owns 20,000 shares of the energy company’s stock valued at $301,000 after purchasing an additional 10,000 shares during the last quarter. 13.43% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th.

In other Dorchester Minerals news, Director Robert C. Vaughn purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average price of $14.60 per share, with a total value of $73,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bradley J. Ehrman purchased 1,700 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $15.05 per share, with a total value of $25,585.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 12,886 shares of company stock valued at $189,643. 9.20% of the stock is owned by insiders.

Shares of Dorchester Minerals LP (NASDAQ DMLP) traded up $0.35 during trading hours on Thursday, reaching $15.65. 145,558 shares of the company traded hands, compared to its average volume of 112,607. The company has a market cap of $500.34, a P/E ratio of 16.30 and a beta of 0.82. Dorchester Minerals LP has a fifty-two week low of $13.90 and a fifty-two week high of $19.10.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Friday, November 3rd. The energy company reported $0.22 EPS for the quarter. The business had revenue of $12.48 million during the quarter. Dorchester Minerals had a net margin of 64.05% and a return on equity of 40.04%.

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Dorchester Minerals 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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Institutional Ownership by Quarter for Dorchester Minerals (NASDAQ:DMLP)

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