Texas Yale Capital Corp. Boosts Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Texas Yale Capital Corp. increased its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,300 shares of the energy company’s stock after purchasing an additional 2,100 shares during the period. Texas Yale Capital Corp. owned 0.16% of Dorchester Minerals worth $2,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Graney & King LLC purchased a new stake in Dorchester Minerals in the fourth quarter valued at $28,000. JPMorgan Chase & Co. boosted its stake in Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after buying an additional 556 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter valued at about $212,000. Corient Private Wealth LLC purchased a new stake in shares of Dorchester Minerals in the 4th quarter valued at approximately $219,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of Dorchester Minerals during the 4th quarter worth approximately $228,000. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

Insider Buying and Selling at Dorchester Minerals

In related news, insider Minerals Operating Dorchester bought 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $30.90 per share, with a total value of $200,850.00. Following the transaction, the insider now directly owns 47,682 shares of the company’s stock, valued at approximately $1,473,373.80. This represents a 15.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Bradley J. Ehrman acquired 3,356 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $29.80 per share, with a total value of $100,008.80. Following the purchase, the chief executive officer now directly owns 117,710 shares of the company’s stock, valued at $3,507,758. This represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,691 shares of company stock worth $548,939 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Dorchester Minerals Stock Down 1.3 %

Shares of DMLP stock opened at $26.79 on Wednesday. Dorchester Minerals, L.P. has a 52 week low of $25.84 and a 52 week high of $35.25. The firm has a 50 day moving average of $30.39 and a two-hundred day moving average of $31.83. The stock has a market capitalization of $1.27 billion, a PE ratio of 12.64 and a beta of 0.79.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%. The business had revenue of $39.71 million during the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were issued a $0.7394 dividend. This represents a $2.96 annualized dividend and a yield of 11.04%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is presently 139.15%.

Dorchester Minerals Profile

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.