LPL Financial LLC Acquires 1,686 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

LPL Financial LLC lifted its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,596 shares of the energy company’s stock after buying an additional 1,686 shares during the period. LPL Financial LLC owned about 0.13% of Dorchester Minerals worth $1,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC acquired a new position in shares of Dorchester Minerals during the fourth quarter worth about $30,000. National Bank of Canada FI boosted its position in Dorchester Minerals by 59.2% during the second quarter. National Bank of Canada FI now owns 1,076 shares of the energy company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. US Bancorp DE boosted its position in Dorchester Minerals by 50.0% during the first quarter. US Bancorp DE now owns 3,000 shares of the energy company’s stock valued at $91,000 after purchasing an additional 1,000 shares during the last quarter. Cannell Capital LLC boosted its position in Dorchester Minerals by 35.2% during the first quarter. Cannell Capital LLC now owns 3,399 shares of the energy company’s stock valued at $88,000 after purchasing an additional 885 shares during the last quarter. Finally, Chilton Capital Management LLC acquired a new position in Dorchester Minerals during the first quarter valued at approximately $127,000. 20.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dorchester Minerals

In other news, CEO Bradley J. Ehrman bought 4,453 shares of the stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $28.03 per share, for a total transaction of $124,817.59. Following the completion of the purchase, the chief executive officer now owns 89,210 shares in the company, valued at $2,500,556.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Leslie A. Moriyama acquired 8,013 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $28.12 per share, for a total transaction of $225,325.56. Following the purchase, the chief financial officer now directly owns 57,116 shares in the company, valued at $1,606,101.92. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Bradley J. Ehrman acquired 4,453 shares of the stock in a transaction on Friday, November 10th. The shares were bought at an average price of $28.03 per share, for a total transaction of $124,817.59. Following the purchase, the chief executive officer now owns 89,210 shares in the company, valued at $2,500,556.30. The disclosure for this purchase can be found here. 7.20% of the stock is owned by corporate insiders.

Dorchester Minerals Stock Down 0.5 %

DMLP opened at $28.04 on Tuesday. Dorchester Minerals, L.P. has a 12-month low of $26.50 and a 12-month high of $33.18. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 10.58 and a beta of 1.21. The business has a 50 day moving average of $28.72 and a 200-day moving average of $29.32.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Monday, October 30th were given a $0.845 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 12.05%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, October 27th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 127.55%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Monday, November 6th.

About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty, net profits, and leasehold interests in 592 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.