StockNews.com Downgrades Dorchester Minerals (NASDAQ:DMLP) to Hold

Dorchester Minerals (NASDAQ:DMLP) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Dorchester Minerals Stock Up 4.2 %

DMLP opened at $31.94 on Monday. The stock has a fifty day moving average of $33.09 and a 200-day moving average of $31.23. The firm has a market capitalization of $1.28 billion, a P/E ratio of 12.43 and a beta of 1.10. Dorchester Minerals has a 12-month low of $27.16 and a 12-month high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 59.35% and a net margin of 66.57%. The business had revenue of $50.42 million during the quarter.

Institutional Investors Weigh In On Dorchester Minerals

Institutional investors have recently added to or reduced their stakes in the company. Greenwich Investment Management Inc. raised its position in Dorchester Minerals by 7.5% in the 4th quarter. Greenwich Investment Management Inc. now owns 532,089 shares of the energy company’s stock worth $16,936,000 after purchasing an additional 36,965 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Dorchester Minerals in the 1st quarter valued at $15,347,000. ING Groep NV grew its holdings in shares of Dorchester Minerals by 36.0% in the 4th quarter. ING Groep NV now owns 121,000 shares of the energy company’s stock valued at $3,851,000 after buying an additional 32,000 shares during the period. GraniteShares Advisors LLC increased its holdings in Dorchester Minerals by 14.6% during the 1st quarter. GraniteShares Advisors LLC now owns 53,166 shares of the energy company’s stock worth $1,793,000 after purchasing an additional 6,762 shares in the last quarter. Finally, Inscription Capital LLC increased its holdings in Dorchester Minerals by 20.9% during the 1st quarter. Inscription Capital LLC now owns 40,500 shares of the energy company’s stock worth $1,394,000 after purchasing an additional 7,000 shares in the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

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.