Geode Capital Management LLC Boosts Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Geode Capital Management LLC grew its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,834 shares of the energy company’s stock after purchasing an additional 1,109 shares during the period. Geode Capital Management LLC’s holdings in Dorchester Minerals were worth $749,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in Dorchester Minerals by 38.4% during the third quarter. HighTower Advisors LLC now owns 11,515 shares of the energy company’s stock valued at $348,000 after purchasing an additional 3,192 shares during the last quarter. Principal Street Partners LLC bought a new stake in Dorchester Minerals in the 3rd quarter worth approximately $291,000. Horizon Kinetics Asset Management LLC grew its position in Dorchester Minerals by 0.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock valued at $27,041,000 after acquiring an additional 5,210 shares during the last quarter. Independent Advisor Alliance lifted its holdings in shares of Dorchester Minerals by 1.4% in 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 during the last quarter. Finally, One Charles Private Wealth Services LLC purchased a new position in Dorchester Minerals in the 3rd quarter worth $331,000. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Price Performance

DMLP opened at $33.78 on Friday. The stock’s 50 day simple moving average is $33.19 and its 200 day simple moving average is $31.75. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 12.15 and a beta of 1.09. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%. The company had revenue of $53.47 million during the quarter.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were given a $0.996 dividend. The ex-dividend date was Monday, October 28th. This represents a $3.98 annualized dividend and a dividend yield of 11.79%. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s dividend payout ratio is currently 143.17%.

Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama bought 3,218 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the purchase, the chief financial officer now owns 71,400 shares in the company, valued at approximately $2,327,640. This trade represents a 4.72 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Minerals Operating Dorchester purchased 6,500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $32.21 per share, with a total value of $209,365.00. Following the purchase, the insider now directly owns 28,728 shares of the company’s stock, 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. Insiders have bought 41,152 shares of company stock worth $1,388,552 over the last ninety days. 7.10% of the stock is owned by corporate insiders.

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.