Mirae Asset Global Investments Co. Ltd. Purchases New Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 455,121 shares of the energy company’s stock, valued at approximately $15,347,000. Mirae Asset Global Investments Co. Ltd. owned approximately 1.15% of Dorchester Minerals at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DMLP. Alps Advisors Inc. boosted its stake in Dorchester Minerals by 8.5% in the third quarter. Alps Advisors Inc. now owns 11,893 shares of the energy company’s stock valued at $345,000 after acquiring an additional 933 shares during the last quarter. Citigroup Inc. boosted its position 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 purchasing an additional 2,584 shares in the last quarter. HWG Holdings LP bought a new position in shares of Dorchester Minerals during the fourth quarter worth $318,000. Penbrook Management LLC boosted its position in shares of Dorchester Minerals by 7.5% during the fourth quarter. Penbrook Management LLC now owns 15,050 shares of the energy company’s stock worth $479,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Requisite Capital Management LLC bought a new position in shares of Dorchester Minerals during the fourth quarter worth $891,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, CEO Bradley J. Ehrman purchased 2,800 shares of the stock in a transaction on Monday, June 17th. The shares were purchased at an average cost of $29.50 per share, for a total transaction of $82,600.00. Following the purchase, the chief executive officer now owns 102,737 shares of the company’s stock, valued at $3,030,741.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Leslie A. Moriyama acquired 2,430 shares of the stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $31.74 per share, for a total transaction of $77,128.20. Following the purchase, the chief financial officer now directly owns 68,182 shares of the company’s stock, valued at $2,164,096.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley J. Ehrman acquired 2,800 shares of the stock in a transaction dated Monday, June 17th. The shares were purchased at an average price of $29.50 per share, for a total transaction of $82,600.00. Following the completion of the purchase, the chief executive officer now directly owns 102,737 shares in the company, valued at $3,030,741.50. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 11,230 shares of company stock worth $351,008. Insiders own 7.10% of the company’s stock.

Dorchester Minerals Stock Down 1.1 %

DMLP traded down $0.36 during trading on Friday, hitting $31.06. The company had a trading volume of 48,584 shares, compared to its average volume of 50,126. The company has a market capitalization of $1.25 billion, a PE ratio of 12.09 and a beta of 1.11. Dorchester Minerals, L.P. has a one year low of $27.16 and a one year high of $35.74. The firm’s 50-day moving average price is $31.67 and its 200 day moving average price is $32.01.

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

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Monday, April 29th were paid a $0.782 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $3.13 annualized dividend and a yield of 10.07%. Dorchester Minerals’s payout ratio is currently 121.79%.

About Dorchester Minerals

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.