Dorchester Minerals, L.P. $DMLP Shares Bought by ING Groep NV

ING Groep NV grew its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 38.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 131,500 shares of the energy company’s stock after acquiring an additional 36,400 shares during the period. ING Groep NV’s holdings in Dorchester Minerals were worth $2,940,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Lido Advisors LLC lifted its position in shares of Dorchester Minerals by 4.7% during the 4th quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock valued at $366,000 after acquiring an additional 738 shares during the period. Resolute Capital LLC acquired a new stake in shares of Dorchester Minerals during the 4th quarter valued at approximately $1,058,000. Peapack Gladstone Financial Corp lifted its position in shares of Dorchester Minerals by 14.7% during the 4th quarter. Peapack Gladstone Financial Corp now owns 17,532 shares of the energy company’s stock valued at $392,000 after acquiring an additional 2,250 shares during the period. Texas Yale Capital Corp. lifted its position in shares of Dorchester Minerals by 15.8% during the 4th quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company’s stock valued at $4,506,000 after acquiring an additional 27,500 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Dorchester Minerals during the 4th quarter valued at approximately $267,000. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Dorchester Minerals Price Performance

Shares of Dorchester Minerals stock opened at $27.53 on Wednesday. Dorchester Minerals, L.P. has a 1 year low of $20.85 and a 1 year high of $28.95. The company has a market capitalization of $1.33 billion, a P/E ratio of 19.81 and a beta of 0.54. The business has a 50 day moving average price of $27.66 and a 200 day moving average price of $25.47.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.The firm had revenue of $58.88 million during the quarter.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Monday, May 4th. Dorchester Minerals’s payout ratio is currently 136.69%.

Insider Activity at Dorchester Minerals

In related news, CEO Bradley J. Ehrman acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average cost of $26.78 per share, for a total transaction of $107,120.00. Following the transaction, the chief executive officer directly owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. This trade represents a 2.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $27.56 per share, with a total value of $206,700.00. Following the completion of the transaction, the insider directly owned 70,017 shares in the company, valued at approximately $1,929,668.52. The trade was a 12.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have purchased a total of 19,000 shares of company stock valued at $526,070 over the last 90 days. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DMLP. Wall Street Zen upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Dorchester Minerals presently has a consensus rating of “Hold”.

Dorchester Minerals Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.