Dorchester Minerals, L.P. $DMLP Shares Acquired by ArchPoint Investors

ArchPoint Investors raised its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 559,260 shares of the energy company’s stock after acquiring an additional 22,201 shares during the period. Dorchester Minerals accounts for approximately 3.0% of ArchPoint Investors’ holdings, making the stock its 9th largest position. ArchPoint Investors’ holdings in Dorchester Minerals were worth $12,505,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Dorchester Minerals during the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its position in Dorchester Minerals by 4,918.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock valued at $68,000 after purchasing an additional 3,000 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Dorchester Minerals during the fourth quarter valued at approximately $68,000. Finally, Osaic Holdings Inc. raised its position in Dorchester Minerals by 14.1% during the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after purchasing an additional 463 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP opened at $26.71 on Friday. The company has a fifty day moving average of $27.63 and a 200-day moving average of $25.54. The company has a market capitalization of $1.29 billion, a PE ratio of 19.22 and a beta of 0.54. Dorchester Minerals, L.P. has a 52-week low of $20.85 and a 52-week high of $28.95.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $58.88 million during the quarter. Dorchester Minerals had a net margin of 40.85% and a return on equity of 22.11%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 4th were issued a dividend of $0.475 per share. The ex-dividend date was Monday, May 4th. This represents a $1.90 annualized dividend and a dividend yield of 7.1%. Dorchester Minerals’s dividend payout ratio is 136.69%.

Insider Buying and Selling at Dorchester Minerals

In related news, CEO Bradley J. Ehrman purchased 4,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $26.78 per share, for a total transaction of $107,120.00. Following the completion of the acquisition, the chief executive officer owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. This represents a 2.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Minerals Operating Dorchester purchased 7,500 shares of the stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $27.56 per share, with a total value of $206,700.00. Following the completion of the acquisition, the insider directly owned 70,017 shares of the company’s stock, valued at approximately $1,929,668.52. This represents a 12.00% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have bought 19,000 shares of company stock valued at $526,070 over the last quarter. Company insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

About Dorchester Minerals

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.