MADDEN SECURITIES Corp Buys 4,000 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

MADDEN SECURITIES Corp lifted its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 54.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,382 shares of the energy company’s stock after purchasing an additional 4,000 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Dorchester Minerals were worth $379,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Horizon Kinetics Asset Management LLC grew its position in Dorchester Minerals by 0.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock worth $27,041,000 after acquiring an additional 5,210 shares during the last quarter. Round Rock Advisors LLC bought a new position in Dorchester Minerals in the fourth quarter valued at about $3,877,000. Moors & Cabot Inc. boosted its stake in shares of Dorchester Minerals by 0.6% during the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after purchasing an additional 639 shares in the last quarter. Independent Advisor Alliance grew its holdings in shares of Dorchester Minerals by 1.4% during the third quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock worth $2,211,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Inscription Capital LLC increased its stake in shares of Dorchester Minerals by 14.8% in the third quarter. Inscription Capital LLC now owns 46,500 shares of the energy company’s stock valued at $1,402,000 after buying an additional 6,000 shares during the period. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Dorchester Minerals Price Performance

NASDAQ:DMLP opened at $31.96 on Tuesday. Dorchester Minerals, L.P. has a one year low of $28.41 and a one year high of $35.74. The company has a market cap of $1.51 billion, a PE ratio of 11.50 and a beta of 1.07. The firm’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $31.87.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.7394 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.25%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 106.47%.

Insider Buying and Selling

In other news, CFO Leslie A. Moriyama purchased 3,218 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of $32.60 per share, for a total transaction of $104,906.80. Following the acquisition, the chief financial officer now owns 71,400 shares in the company, valued at $2,327,640. This trade represents a 4.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Minerals Operating Dorchester acquired 954 shares of Dorchester Minerals stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of $33.19 per share, for a total transaction of $31,663.26. Following the completion of the purchase, the insider now owns 33,682 shares in the company, valued at approximately $1,117,905.58. The trade was a 2.91 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 55,487 shares of company stock valued at $1,837,482 over the last 90 days. 7.10% of the stock is owned by insiders.

About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.