Segment Wealth Management LLC raised its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 100.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,000 shares of the energy company’s stock after acquiring an additional 10,000 shares during the period. Segment Wealth Management LLC owned 0.06% of Dorchester Minerals, L.P. worth $301,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Adams Asset Advisors LLC increased its stake in shares of Dorchester Minerals, L.P. by 7.3% in the third quarter. Adams Asset Advisors LLC now owns 519,281 shares of the energy company’s stock valued at $7,815,000 after purchasing an additional 35,286 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Dorchester Minerals, L.P. during the 2nd quarter valued at $274,000. Virtu KCG Holdings LLC bought a new position in shares of Dorchester Minerals, L.P. during the 2nd quarter valued at $201,000. Ameriprise Financial Inc. bought a new position in Dorchester Minerals, L.P. in the 2nd quarter worth $161,000. Finally, Stephens Inc. AR raised its holdings in Dorchester Minerals, L.P. by 6.3% in the 2nd quarter. Stephens Inc. AR now owns 27,196 shares of the energy company’s stock worth $393,000 after acquiring an additional 1,613 shares during the period. Institutional investors own 13.18% of the company’s stock.
Dorchester Minerals, L.P. (NASDAQ DMLP) traded down $0.05 during trading on Tuesday, hitting $15.55. 60,500 shares of the stock traded hands, compared to its average volume of 67,376. The firm has a market capitalization of $503.56, a PE ratio of 16.25 and a beta of 0.83. Dorchester Minerals, L.P. has a 12 month low of $13.90 and a 12 month high of $19.30.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last issued its quarterly earnings data on Friday, November 3rd. The energy company reported $0.22 earnings per share for the quarter. Dorchester Minerals, L.P. had a net margin of 64.05% and a return on equity of 40.04%. The company had revenue of $12.48 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 30th were issued a dividend of $0.2847 per share. The ex-dividend date was Friday, October 27th. This represents a $1.14 annualized dividend and a yield of 7.32%. Dorchester Minerals, L.P.’s payout ratio is 118.75%.
DMLP has been the topic of several recent research reports. BidaskClub lowered shares of Dorchester Minerals, L.P. from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. TheStreet downgraded shares of Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th.
In related news, insider Minerals Operating Dorchester acquired 18,900 shares of the stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $14.48 per share, for a total transaction of $273,672.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.20% of the company’s stock.
Dorchester Minerals, L.P. Profile
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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