Dorchester Minerals, L.P. $DMLP Position Boosted by Global Strategic Management Inc.

by · The Markets Daily

Global Strategic Management Inc. grew its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP – Free Report) by 74.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,250 shares of the energy company’s stock after buying an additional 20,200 shares during the period. Dorchester Minerals makes up 0.9% of Global Strategic Management Inc.’s investment portfolio, making the stock its 17th largest holding. Global Strategic Management Inc. owned about 0.10% of Dorchester Minerals worth $1,324,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Ulland Investment Advisors LLC grew its holdings in Dorchester Minerals by 6.2% in the third quarter. Ulland Investment Advisors LLC now owns 17,000 shares of the energy company’s stock worth $477,000 after purchasing an additional 1,000 shares during the period. Adams Asset Advisors LLC raised its holdings in shares of Dorchester Minerals by 1.6% during the third quarter. Adams Asset Advisors LLC now owns 925,684 shares of the energy company’s stock valued at $25,956,000 after purchasing an additional 14,750 shares during the period. Baker Tilly Wealth Management LLC raised its holdings in shares of Dorchester Minerals by 4.6% during the third quarter. Baker Tilly Wealth Management LLC now owns 14,750 shares of the energy company’s stock valued at $414,000 after purchasing an additional 650 shares during the period. Tidal Investments LLC boosted its position in shares of Dorchester Minerals by 34.6% during the 2nd quarter. Tidal Investments LLC now owns 15,855 shares of the energy company’s stock worth $400,000 after purchasing an additional 4,079 shares in the last quarter. Finally, Burford Brothers Inc. boosted its position in shares of Dorchester Minerals by 73.1% during the 2nd quarter. Burford Brothers Inc. now owns 51,761 shares of the energy company’s stock worth $1,307,000 after purchasing an additional 21,865 shares in the last quarter. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Trading Down 0.4%

NASDAQ DMLP opened at $29.87 on Friday. The company has a fifty day simple moving average of $28.91 and a 200 day simple moving average of $27.70. Dorchester Minerals, L.P. has a 12-month low of $20.85 and a 12-month high of $30.54. The company has a market cap of $1.47 billion, a P/E ratio of 16.97 and a beta of 0.64.

Dorchester Minerals (NASDAQ:DMLP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $0.62 EPS for the quarter. Dorchester Minerals had a net margin of 45.45% and a return on equity of 28.43%. The business had revenue of $56.08 million during the quarter.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 3rd were issued a dividend of $1.2729 per share. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.4750. This represents a $5.09 dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date was Monday, August 3rd. Dorchester Minerals’s dividend payout ratio is 289.20%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Dorchester Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Dorchester Minerals currently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Dorchester Minerals

Insider Activity

In other Dorchester Minerals news, CFO Leslie Moriyama bought 5,197 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of $28.30 per share, for a total transaction of $147,075.10. Following the acquisition, the chief financial officer directly owned 103,405 shares of the company’s stock, valued at approximately $2,926,361.50. The trade was a 5.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.90% of the stock is owned by corporate insiders.

About Dorchester Minerals

(Free Report)

Dorchester Minerals, L.P. is a publicly traded master limited partnership that owns and manages oil and natural gas mineral interests in the United States. Its assets include producing and non-producing mineral and royalty interests, overriding royalty interests, net profits interests, leasehold interests and other related energy properties.

The partnership generally leases its mineral interests to exploration and production companies rather than directly developing most properties. It earns revenue primarily from royalties and other payments associated with oil and natural gas production, as well as lease bonuses and related interests.

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