Dorchester Minerals, L.P. $DMLP Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA lifted its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 58.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,502 shares of the energy company’s stock after acquiring an additional 20,000 shares during the quarter. Glenmede Trust Co. NA owned 0.11% of Dorchester Minerals worth $1,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of DMLP. Geneos Wealth Management Inc. boosted its holdings in Dorchester Minerals by 59.9% in 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 during the period. Farther Finance Advisors LLC purchased a new stake in Dorchester Minerals during the 4th quarter worth about $36,000. EverSource Wealth Advisors LLC increased its holdings in Dorchester Minerals by 4,918.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after purchasing an additional 3,000 shares during the period. Kestra Advisory Services LLC acquired a new stake in Dorchester Minerals in the 4th quarter valued at about $68,000. Finally, Osaic Holdings Inc. raised its position in Dorchester Minerals by 14.1% in the 2nd 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.

Insider Activity at Dorchester Minerals

In related news, CEO Bradley J. Ehrman acquired 4,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $26.78 per share, with a total value of $107,120.00. Following the completion of the acquisition, the chief executive officer owned 142,723 shares in the company, valued at $3,822,121.94. This trade represents a 2.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals 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 transaction, the insider directly owned 70,017 shares in the company, valued at approximately $1,929,668.52. The trade was a 12.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have purchased 19,000 shares of company stock valued at $526,070. 5.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DMLP has been the subject of a number of analyst reports. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Dorchester Minerals Price Performance

NASDAQ:DMLP opened at $25.51 on Thursday. The firm has a market capitalization of $1.23 billion, a PE ratio of 18.35 and a beta of 0.54. The business’s fifty day moving average price is $26.57 and its 200 day moving average price is $26.60. Dorchester Minerals, L.P. has a 12 month low of $20.85 and a 12 month 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 return on equity of 22.11% and a net margin of 40.85%.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, August 3rd will be paid a dividend of $1.2729 per share. The ex-dividend date is Monday, August 3rd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.48. This represents a $5.09 annualized dividend and a yield of 20.0%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 366.19%.

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.