Burford Brothers Inc. Acquires 21,865 Shares of Dorchester Minerals, L.P. $DMLP

Burford Brothers Inc. boosted its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 73.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,761 shares of the energy company’s stock after buying an additional 21,865 shares during the period. Burford Brothers Inc. owned approximately 0.11% of Dorchester Minerals worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DMLP. Geneos Wealth Management Inc. lifted its position in shares of Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after acquiring an additional 440 shares in the last quarter. Creative Planning raised its stake in shares of Dorchester Minerals by 4.6% during the 3rd quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after purchasing an additional 450 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in shares of Dorchester Minerals by 1.5% during the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock valued at $776,000 after purchasing an additional 450 shares during the period. Osaic Holdings Inc. lifted its holdings in Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after purchasing an additional 463 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in Dorchester Minerals by 4.7% during the 4th quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock worth $366,000 after purchasing an additional 738 shares in the last quarter. Institutional investors own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

DMLP has been the subject of a number of recent analyst reports. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Dorchester Minerals currently has an average rating of “Hold”.

Dorchester Minerals Price Performance

DMLP opened at $29.25 on Friday. The firm has a market capitalization of $1.44 billion, a P/E ratio of 16.62 and a beta of 0.55. Dorchester Minerals, L.P. has a one year low of $20.85 and a one year high of $29.60. The company has a fifty day moving average price of $27.18 and a 200-day moving average price of $27.13.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $56.08 million for the quarter. Dorchester Minerals had a return on equity of 28.43% and a net margin of 45.45%.

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd were issued a $1.2729 dividend. This represents a $5.09 annualized dividend and a dividend yield of 17.4%. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s payout ratio is 289.20%.

Insider Activity

In other Dorchester Minerals news, CFO Leslie Moriyama purchased 5,197 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $28.30 per share, for a total transaction of $147,075.10. Following the transaction, the chief financial officer owned 103,405 shares in the company, valued at $2,926,361.50. The trade was a 5.29% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.90% of the company’s stock.

Dorchester Minerals Company 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.