Oppenheimer & Co. Inc. Increases Position in Dorchester Minerals, L.P. (DMLP)
Oppenheimer & Co. Inc. increased its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 11.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,449 shares of the energy company’s stock after purchasing an additional 4,500 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.14% of Dorchester Minerals worth $669,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in DMLP. First Manhattan Co. increased its position in Dorchester Minerals by 4.7% in the second quarter. First Manhattan Co. now owns 16,650 shares of the energy company’s stock worth $240,000 after purchasing an additional 750 shares during the last quarter. Stephens Inc. AR increased its position in Dorchester Minerals by 6.3% during the second quarter. Stephens Inc. AR now owns 27,196 shares of the energy company’s stock valued at $393,000 after acquiring an additional 1,613 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Dorchester Minerals during the second quarter valued at $161,000. Virtu KCG Holdings LLC bought a new position in Dorchester Minerals during the second quarter valued at $201,000. Finally, Goldman Sachs Group Inc. bought a new position in Dorchester Minerals during the second quarter valued at $274,000. Institutional investors own 13.51% of the company’s stock.
Separately, TheStreet cut shares of Dorchester Minerals from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th.
In related news, insider Minerals Operating Dorchester bought 18,900 shares of the stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost of $14.48 per share, with a total value of $273,672.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bradley J. Ehrman bought 1,700 shares of the stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of $15.05 per share, with a total value of $25,585.00. The disclosure for this purchase can be found here. Insiders own 9.20% of the company’s stock.
Dorchester Minerals, L.P. (NASDAQ DMLP) opened at $15.00 on Friday. Dorchester Minerals, L.P. has a 1 year low of $13.90 and a 1 year high of $19.30. The firm has a market cap of $480.97, a price-to-earnings ratio of 15.52 and a beta of 0.82.
Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings data on Friday, November 3rd. The energy company reported $0.22 earnings per share for the quarter. Dorchester Minerals had a net margin of 64.05% and a return on equity of 40.04%. The business had revenue of $12.48 million for the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 30th were given a dividend of $0.2847 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date of this dividend was Friday, October 27th. Dorchester Minerals’s dividend payout ratio (DPR) is 118.75%.
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Dorchester Minerals Company 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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