First Republic Investment Management Inc. lowered its stake in shares of Dorchester Minerals LP (NASDAQ:DMLP) by 11.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,891 shares of the energy company’s stock after selling 3,415 shares during the quarter. First Republic Investment Management Inc. owned about 0.08% of Dorchester Minerals worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its position in Dorchester Minerals by 1,228.0% in the second quarter. AdvisorNet Financial Inc now owns 3,984 shares of the energy company’s stock worth $73,000 after acquiring an additional 3,684 shares during the period. Gruss & Co. Inc. grew its stake in Dorchester Minerals by 39.0% during the first quarter. Gruss & Co. Inc. now owns 25,965 shares of the energy company’s stock valued at $474,000 after acquiring an additional 7,282 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Dorchester Minerals by 11.9% during the second quarter. Commonwealth Equity Services LLC now owns 27,323 shares of the energy company’s stock valued at $500,000 after acquiring an additional 2,912 shares in the last quarter. Geode Capital Management LLC grew its stake in Dorchester Minerals by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 51,588 shares of the energy company’s stock valued at $755,000 after acquiring an additional 4,943 shares in the last quarter. Finally, Albert D Mason Inc. grew its stake in Dorchester Minerals by 1.6% during the second quarter. Albert D Mason Inc. now owns 41,340 shares of the energy company’s stock valued at $757,000 after acquiring an additional 640 shares in the last quarter. Institutional investors and hedge funds own 19.66% of the company’s stock.
Separately, BidaskClub upgraded shares of Dorchester Minerals from a “sell” rating to a “hold” rating in a research report on Friday, July 12th.
In related news, insider Minerals Operating Dorchester bought 2,190 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $17.59 per share, with a total value of $38,522.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H C. Allen, Jr. purchased 4,470 shares of Dorchester Minerals stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $17.18 per share, for a total transaction of $76,794.60. The disclosure for this purchase can be found here. Insiders have bought 27,327 shares of company stock valued at $493,528 in the last ninety days. Insiders own 9.40% of the company’s stock.
NASDAQ:DMLP traded up $0.20 during trading hours on Friday, hitting $18.38. 35,629 shares of the company were exchanged, compared to its average volume of 40,428. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.92 and a quick ratio of 12.92. The company’s 50 day moving average price is $17.98 and its 200-day moving average price is $18.52. Dorchester Minerals LP has a 52-week low of $14.11 and a 52-week high of $21.15. The stock has a market capitalization of $641.93 million, a price-to-earnings ratio of 11.29 and a beta of 1.05.
Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $0.38 EPS for the quarter. Dorchester Minerals had a net margin of 71.35% and a return on equity of 51.58%. The company had revenue of $20.60 million during the quarter.
Dorchester Minerals Company Profile
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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