Resolute Capital LLC Makes New Investment in Dorchester Minerals, L.P. $DMLP

Resolute Capital LLC acquired a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 47,333 shares of the energy company’s stock, valued at approximately $1,058,000. Dorchester Minerals makes up 0.4% of Resolute Capital LLC’s holdings, making the stock its 27th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in shares of Dorchester Minerals by 59.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after buying an additional 440 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth approximately $36,000. EverSource Wealth Advisors LLC grew its position in shares of Dorchester Minerals by 4,918.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after buying an additional 3,000 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Dorchester Minerals by 14.1% during the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after buying an additional 463 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Dorchester Minerals by 320.8% during the third quarter. Jones Financial Companies Lllp now owns 4,208 shares of the energy company’s stock worth $110,000 after buying an additional 3,208 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Stock Performance

DMLP stock opened at $27.08 on Monday. Dorchester Minerals, L.P. has a twelve month low of $20.85 and a twelve month high of $28.95. The company has a market capitalization of $1.31 billion, a P/E ratio of 19.48 and a beta of 0.54. The firm has a 50 day simple moving average of $27.63 and a 200-day simple moving average of $25.25.

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

Dorchester Minerals Cuts Dividend

The company also recently declared 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 7.0%. The ex-dividend date of this dividend was Monday, May 4th. Dorchester Minerals’s dividend payout ratio is currently 136.69%.

Analyst Upgrades and Downgrades

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

Insider Activity at Dorchester Minerals

In other news, CEO Bradley J. Ehrman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $26.78 per share, with a total value of $107,120.00. Following the transaction, the chief executive officer owned 142,723 shares in the company, valued at approximately $3,822,121.94. The trade was a 2.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Minerals Operating Dorchester purchased 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $28.30 per share, for a total transaction of $212,250.00. Following the completion of the transaction, the insider owned 62,517 shares in the company, valued at approximately $1,769,231.10. This represents a 13.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 5.90% of the company’s stock.

About Dorchester Minerals

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.