GraniteShares Advisors LLC Boosts Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

GraniteShares Advisors LLC lifted its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,272 shares of the energy company’s stock after acquiring an additional 743 shares during the quarter. GraniteShares Advisors LLC owned 0.15% of Dorchester Minerals worth $2,442,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Horizon Kinetics Asset Management LLC boosted its stake in shares of Dorchester Minerals by 0.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock worth $27,041,000 after acquiring an additional 5,210 shares in the last quarter. Round Rock Advisors LLC purchased a new stake in shares of Dorchester Minerals during the 4th quarter worth about $3,877,000. Moors & Cabot Inc. boosted its stake in shares of Dorchester Minerals by 0.6% during the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after acquiring an additional 639 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of Dorchester Minerals by 1.4% during the 3rd quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock worth $2,211,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Albert D Mason Inc. boosted its stake in shares of Dorchester Minerals by 1.8% during the 4th quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock worth $998,000 after acquiring an additional 525 shares in the last quarter. 19.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday.

Insider Activity at Dorchester Minerals

In related news, CEO Bradley J. Ehrman bought 14,430 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $34.41 per share, for a total transaction of $496,536.30. Following the acquisition, the chief executive officer now directly owns 29,622 shares in the company, valued at approximately $1,019,293.02. This trade represents a 94.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Minerals Operating Dorchester bought 6,500 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $32.21 per share, for a total transaction of $209,365.00. Following the completion of the acquisition, the insider now owns 28,728 shares in the company, valued at approximately $925,328.88. The trade was a 29.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 52,269 shares of company stock valued at $1,732,575. 7.10% of the stock is owned by corporate insiders.

Dorchester Minerals Trading Down 1.4 %

Shares of Dorchester Minerals stock opened at $30.63 on Wednesday. The firm has a market capitalization of $1.45 billion, a PE ratio of 14.45 and a beta of 1.07. Dorchester Minerals, L.P. has a twelve month low of $28.41 and a twelve month high of $35.74. The firm’s 50-day moving average price is $32.49 and its 200 day moving average price is $32.00.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share for the quarter. The firm had revenue of $39.71 million for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were paid a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 9.66%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is presently 139.15%.

Dorchester Minerals Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.