Beacon Pointe Advisors LLC Invests $1.14 Million in Dorchester Minerals, L.P. $DMLP

Beacon Pointe Advisors LLC bought a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,809 shares of the energy company’s stock, valued at approximately $1,137,000. Beacon Pointe Advisors LLC owned approximately 0.09% of Dorchester Minerals as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its position in Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after purchasing an additional 440 shares during the last quarter. MADDEN SECURITIES Corp boosted its position in Dorchester Minerals by 3.9% in the 2nd quarter. MADDEN SECURITIES Corp now owns 13,382 shares of the energy company’s stock valued at $373,000 after buying an additional 500 shares during the period. Americana Partners LLC boosted its holdings in Dorchester Minerals by 1.5% in the second quarter. Americana Partners LLC now owns 33,306 shares of the energy company’s stock valued at $928,000 after purchasing an additional 500 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Dorchester Minerals by 5.3% during the second quarter. Flagship Harbor Advisors LLC now owns 10,090 shares of the energy company’s stock worth $281,000 after buying an additional 507 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in Dorchester Minerals by 0.6% during the 2nd quarter. Moors & Cabot Inc. now owns 85,400 shares of the energy company’s stock worth $2,379,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Trading Up 2.0%

NASDAQ:DMLP opened at $22.99 on Friday. The firm has a market cap of $1.11 billion, a P/E ratio of 21.29 and a beta of 0.61. Dorchester Minerals, L.P. has a 12-month low of $20.85 and a 12-month high of $34.88. The stock’s 50 day simple moving average is $23.82 and its 200-day simple moving average is $25.62.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, November 6th. The energy company reported $0.23 EPS for the quarter. Dorchester Minerals had a net margin of 36.27% and a return on equity of 16.22%.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were issued a $0.6899 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 12.0%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, November 3rd. Dorchester Minerals’s dividend payout ratio is 255.56%.

Insider Activity at Dorchester Minerals

In related news, CEO Bradley J. Ehrman acquired 2,487 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average price of $21.60 per share, with a total value of $53,719.20. Following the completion of the acquisition, the chief executive officer owned 121,197 shares in the company, valued at approximately $2,617,855.20. This represents a 2.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Damon Box purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average cost of $21.96 per share, for a total transaction of $109,800.00. Following the purchase, the director directly owned 9,000 shares in the company, valued at approximately $197,640. This represents a 125.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 16,338 shares of company stock worth $353,133 over the last three months. 5.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Dorchester Minerals in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Dorchester Minerals presently has a consensus rating of “Sell”.

Dorchester Minerals 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.