Raymond James Financial Inc. Takes Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Raymond James Financial Inc. purchased a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,484 shares of the energy company’s stock, valued at approximately $783,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DMLP. Horizon Kinetics Asset Management LLC lifted its position in shares of Dorchester Minerals by 1.3% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company’s stock valued at $30,285,000 after acquiring an additional 11,753 shares in the last quarter. Round Rock Advisors LLC acquired a new stake in Dorchester Minerals during the 4th quarter valued at $3,877,000. Texas Yale Capital Corp. lifted its holdings in shares of Dorchester Minerals by 2.8% in the fourth quarter. Texas Yale Capital Corp. now owns 77,300 shares of the energy company’s stock valued at $2,576,000 after purchasing an additional 2,100 shares in the last quarter. GraniteShares Advisors LLC boosted its position in shares of Dorchester Minerals by 1.0% in the fourth quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company’s stock worth $2,442,000 after buying an additional 743 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Dorchester Minerals by 9.3% during the fourth quarter. LPL Financial LLC now owns 57,173 shares of the energy company’s stock valued at $1,906,000 after buying an additional 4,877 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The stock was purchased at an average cost of $28.76 per share, for a total transaction of $287,600.00. Following the completion of the acquisition, the insider now owns 58,017 shares of the company’s stock, valued at approximately $1,668,568.92. This trade represents a 20.83 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Bradley J. Ehrman purchased 3,356 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were 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 owns 117,710 shares in the company, valued at $3,507,758. This represents a 2.93 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 13,691 shares of company stock valued at $398,014 in the last three months. Insiders own 5.90% of the company’s stock.

Dorchester Minerals Stock Performance

DMLP stock opened at $27.67 on Wednesday. The stock has a market cap of $1.31 billion, a P/E ratio of 13.05 and a beta of 0.62. The firm has a 50 day simple moving average of $29.20 and a 200 day simple moving average of $31.47. Dorchester Minerals, L.P. has a 52 week low of $25.84 and a 52 week high of $34.88.

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

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a $0.7258 dividend. This represents a $2.90 annualized dividend and a yield of 10.49%. The ex-dividend date is Monday, May 5th. Dorchester Minerals’s payout ratio is currently 136.79%.

Analyst Ratings Changes

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

Dorchester Minerals Company 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.