Howland Capital Management LLC Acquires Shares of 10,257 Dorchester Minerals, L.P. (NASDAQ:DMLP)

Howland Capital Management LLC acquired a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,257 shares of the energy company’s stock, valued at approximately $346,000.

Other large investors also recently bought and sold shares of the company. Greenwich Investment Management Inc. boosted its stake in Dorchester Minerals by 7.5% in the fourth quarter. Greenwich Investment Management Inc. now owns 532,089 shares of the energy company’s stock valued at $16,936,000 after acquiring an additional 36,965 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Dorchester Minerals in the first quarter valued at $15,347,000. ING Groep NV boosted its stake in shares of Dorchester Minerals by 36.0% during the fourth quarter. ING Groep NV now owns 121,000 shares of the energy company’s stock worth $3,851,000 after buying an additional 32,000 shares during the period. Citigroup Inc. boosted its stake in shares of Dorchester Minerals by 4,306.7% during the third quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock worth $77,000 after buying an additional 2,584 shares during the period. Finally, HWG Holdings LP acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth about $318,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Trading Down 0.0 %

Shares of DMLP traded down $0.01 during mid-day trading on Friday, hitting $32.05. 13 shares of the company’s stock were exchanged, compared to its average volume of 70,338. Dorchester Minerals, L.P. has a fifty-two week low of $27.16 and a fifty-two week high of $35.74. The firm has a market capitalization of $1.28 billion, a P/E ratio of 12.47 and a beta of 1.11. The business’s 50 day moving average is $31.60 and its two-hundred day moving average is $32.01.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $30.98 million during the quarter. Dorchester Minerals had a net margin of 66.57% and a return on equity of 59.35%.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Monday, April 29th were issued a dividend of $0.782 per share. The ex-dividend date was Friday, April 26th. This represents a $3.13 annualized dividend and a yield of 9.76%. Dorchester Minerals’s dividend payout ratio is currently 121.79%.

Insider Buying and Selling

In other news, CEO Bradley J. Ehrman purchased 2,800 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average cost of $29.50 per share, with a total value of $82,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 102,737 shares of the company’s stock, valued at approximately $3,030,741.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Leslie A. Moriyama bought 2,430 shares of the company’s stock in a transaction on Friday, May 17th. The stock was bought at an average cost of $31.74 per share, with a total value of $77,128.20. Following the completion of the acquisition, the chief financial officer now owns 68,182 shares in the company, valued at approximately $2,164,096.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley J. Ehrman bought 2,800 shares of the company’s stock in a transaction on Monday, June 17th. The stock was bought at an average cost of $29.50 per share, with a total value of $82,600.00. Following the completion of the acquisition, the chief executive officer now owns 102,737 shares of the company’s stock, valued at approximately $3,030,741.50. The disclosure for this purchase can be found here. Insiders bought 11,230 shares of company stock valued at $351,008 over the last ninety days. Corporate insiders own 7.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

Dorchester Minerals Company 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.