Garner Asset Management Corp Buys Shares of 21,803 Dorchester Minerals, L.P. $DMLP

Garner Asset Management Corp purchased a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,803 shares of the energy company’s stock, valued at approximately $564,000.

A number of other hedge funds also recently modified their holdings of DMLP. Horizon Kinetics Asset Management LLC grew its position in shares of Dorchester Minerals by 0.5% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 916,849 shares of the energy company’s stock valued at $25,543,000 after purchasing an additional 4,386 shares during the period. Adams Asset Advisors LLC lifted its stake in Dorchester Minerals by 21.0% in the third quarter. Adams Asset Advisors LLC now owns 746,675 shares of the energy company’s stock valued at $19,331,000 after buying an additional 129,567 shares in the last quarter. Delta Investment Management LLC lifted its stake in Dorchester Minerals by 0.5% in the third quarter. Delta Investment Management LLC now owns 295,677 shares of the energy company’s stock valued at $7,655,000 after buying an additional 1,417 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Dorchester Minerals by 20.6% in the second quarter. Bank of America Corp DE now owns 183,697 shares of the energy company’s stock valued at $5,118,000 after buying an additional 31,344 shares during the period. Finally, Texas Yale Capital Corp. increased its position in shares of Dorchester Minerals by 0.5% during the third quarter. Texas Yale Capital Corp. now owns 174,000 shares of the energy company’s stock worth $4,505,000 after acquiring an additional 850 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama purchased 3,041 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were purchased at an average cost of $21.50 per share, with a total value of $65,381.50. Following the transaction, the chief financial officer directly owned 83,673 shares of the company’s stock, valued at $1,798,969.50. This represents a 3.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Minerals Operating Dorchester acquired 10,000 shares of Dorchester Minerals stock in a transaction dated Monday, December 22nd. The shares were acquired at an average price of $22.30 per share, with a total value of $223,000.00. Following the completion of the purchase, the insider owned 35,017 shares in the company, valued at approximately $780,879.10. The trade was a 39.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 31,338 shares of company stock valued at $687,283 in the last three months. 5.90% of the stock is currently owned by insiders.

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $25.36 on Friday. Dorchester Minerals, L.P. has a 52 week low of $20.85 and a 52 week high of $32.10. The stock’s 50 day moving average price is $23.69 and its two-hundred day moving average price is $24.11. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 23.48 and a beta of 0.65.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd were given a $0.7557 dividend. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.69. This represents a $3.02 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend was Monday, February 2nd. Dorchester Minerals’s payout ratio is presently 279.63%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Dorchester Minerals in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Dorchester Minerals presently has a consensus rating of “Sell”.

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.