Commonwealth Equity Services LLC Purchases 688 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Commonwealth Equity Services LLC raised its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 3.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,802 shares of the energy company’s stock after purchasing an additional 688 shares during the period. Commonwealth Equity Services LLC’s holdings in Dorchester Minerals were worth $734,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenwich Investment Management Inc. raised its holdings in shares of Dorchester Minerals by 7.5% during the 4th quarter. Greenwich Investment Management Inc. now owns 532,089 shares of the energy company’s stock valued at $16,936,000 after buying an additional 36,965 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Dorchester Minerals during the first quarter worth approximately $15,347,000. Texas Yale Capital Corp. lifted its holdings in shares of Dorchester Minerals by 12.8% in the 1st quarter. Texas Yale Capital Corp. now owns 54,800 shares of the energy company’s stock worth $1,848,000 after acquiring an additional 6,200 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake in shares of Dorchester Minerals by 182.5% in the 1st quarter. Freestone Capital Holdings LLC now owns 46,619 shares of the energy company’s stock valued at $1,572,000 after purchasing an additional 30,119 shares in the last quarter. Finally, Inscription Capital LLC grew its holdings in shares of Dorchester Minerals by 20.9% during the 1st quarter. Inscription Capital LLC now owns 40,500 shares of the energy company’s stock valued at $1,394,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Price Performance

DMLP opened at $30.72 on Thursday. Dorchester Minerals, L.P. has a 1 year low of $27.16 and a 1 year high of $35.74. The stock’s 50 day simple moving average is $30.65 and its 200 day simple moving average is $31.81. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 11.95 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, August 1st. The energy company reported $0.57 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 66.16% and a return on equity of 59.40%. The firm had revenue of $37.36 million for the quarter.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Monday, July 29th were given a $0.702 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date of this dividend was Monday, July 29th. Dorchester Minerals’s payout ratio is 108.95%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Insider Activity

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 2,900 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average cost of $32.23 per share, with a total value of $93,467.00. Following the completion of the purchase, the insider now directly owns 66,352 shares of the company’s stock, valued at $2,138,524.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.10% of the company’s stock.

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.