Community Bank N.A. purchased a new stake in shares of Dorchester Minerals LP (NASDAQ:DMLP) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 60,860 shares of the energy company’s stock, valued at approximately $778,000. Community Bank N.A. owned 0.18% of Dorchester Minerals as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Creative Planning grew its stake in Dorchester Minerals by 4.3% during the second quarter. Creative Planning now owns 57,775 shares of the energy company’s stock valued at $738,000 after acquiring an additional 2,357 shares in the last quarter. Adams Asset Advisors LLC grew its position in shares of Dorchester Minerals by 3.2% during the 2nd quarter. Adams Asset Advisors LLC now owns 718,320 shares of the energy company’s stock valued at $9,180,000 after purchasing an additional 22,175 shares in the last quarter. Royal Bank of Canada grew its position in shares of Dorchester Minerals by 55.4% during the 1st quarter. Royal Bank of Canada now owns 8,692 shares of the energy company’s stock valued at $81,000 after purchasing an additional 3,100 shares in the last quarter. Advisor Group Holdings Inc. bought a new position in shares of Dorchester Minerals in the first quarter worth $42,000. Finally, JVL Advisors L.L.C. raised its position in shares of Dorchester Minerals by 934.9% in the first quarter. JVL Advisors L.L.C. now owns 18,110 shares of the energy company’s stock worth $169,000 after buying an additional 16,360 shares in the last quarter. 18.27% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub lowered Dorchester Minerals from a “hold” rating to a “sell” rating in a research note on Friday, July 10th.
DMLP traded down $0.18 on Friday, reaching $10.90. The company had a trading volume of 73,900 shares, compared to its average volume of 56,902. The business has a 50 day simple moving average of $11.52 and a 200 day simple moving average of $12.85. The company has a market cap of $378.01 million, a price-to-earnings ratio of 8.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 9.06 and a current ratio of 9.06. Dorchester Minerals LP has a 52-week low of $8.52 and a 52-week high of $21.46.
Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, May 7th. The energy company reported $0.25 EPS for the quarter. Dorchester Minerals had a net margin of 63.19% and a return on equity of 41.17%. The business had revenue of $15.48 million during the quarter.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.2263 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.91 dividend on an annualized basis and a yield of 8.31%.
In other news, COO Bradley J. Ehrman purchased 4,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of $11.13 per share, with a total value of $44,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.80% of the company’s stock.
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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