Dorchester Minerals, L.P. (NASDAQ:DMLP) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 62.6% during the 3rd quarter, Holdings Channel reports. The fund owned 1,444 shares of the energy company’s stock after acquiring an additional 556 shares during the quarter. JPMorgan Chase & Co.’s holdings in Dorchester Minerals were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. LGT Financial Advisors LLC bought a new stake in shares of Dorchester Minerals in the 3rd quarter worth $166,000. MADDEN SECURITIES Corp acquired a new stake in Dorchester Minerals during the 3rd quarter worth about $223,000. Atomi Financial Group Inc. raised its holdings in shares of Dorchester Minerals by 29.0% during the third quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after acquiring an additional 1,954 shares during the period. Principal Street Partners LLC acquired a new stake in shares of Dorchester Minerals in the third quarter worth $291,000. Finally, Redhawk Wealth Advisors Inc. boosted its position in Dorchester Minerals by 7.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock worth $291,000 after acquiring an additional 701 shares during the period. Institutional investors own 19.21% of the company’s stock.

Insider Activity

In other news, insider Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $30.90 per share, for a total transaction of $200,850.00. Following the completion of the transaction, the insider now directly owns 47,682 shares in the company, valued at approximately $1,473,373.80. This represents a 15.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley J. Ehrman acquired 14,430 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $34.41 per share, with a total value of $496,536.30. Following the acquisition, the chief executive officer now owns 29,622 shares of the company’s stock, valued at approximately $1,019,293.02. This represents a 94.98 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 55,152 shares of company stock valued at $1,827,077. Insiders own 7.10% of the company’s stock.

Dorchester Minerals Stock Down 0.4 %

Dorchester Minerals stock opened at $31.00 on Wednesday. Dorchester Minerals, L.P. has a 12 month low of $28.41 and a 12 month high of $35.74. The stock has a market cap of $1.47 billion, a P/E ratio of 11.15 and a beta of 1.07. The company’s fifty day simple moving average is $33.00 and its 200-day simple moving average is $31.87.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be paid a $0.7394 dividend. This represents a $2.96 annualized dividend and a dividend yield of 9.54%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s payout ratio is presently 143.17%.

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.