GraniteShares Advisors LLC Increases Position in Dorchester Minerals, L.P. $DMLP

GraniteShares Advisors LLC boosted its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 34.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,472 shares of the energy company’s stock after acquiring an additional 31,226 shares during the period. Dorchester Minerals accounts for 2.4% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. GraniteShares Advisors LLC owned approximately 0.25% of Dorchester Minerals worth $2,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DMLP. Adams Asset Advisors LLC boosted its stake in Dorchester Minerals by 9.1% during the fourth quarter. Adams Asset Advisors LLC now owns 814,852 shares of the energy company’s stock worth $18,220,000 after buying an additional 68,177 shares in the last quarter. Hollow Brook Wealth Management LLC acquired a new position in Dorchester Minerals in the third quarter worth about $20,790,000. Delta Investment Management LLC lifted its stake in Dorchester Minerals by 0.5% during the third quarter. Delta Investment Management LLC now owns 295,677 shares of the energy company’s stock worth $7,655,000 after purchasing an additional 1,417 shares during the period. First Trust Advisors LP lifted its stake in Dorchester Minerals by 15.8% during the third quarter. First Trust Advisors LP now owns 189,500 shares of the energy company’s stock worth $4,906,000 after purchasing an additional 25,923 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Dorchester Minerals by 20.6% during the second quarter. Bank of America Corp DE now owns 183,697 shares of the energy company’s stock valued at $5,118,000 after purchasing an additional 31,344 shares in the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP opened at $27.97 on Friday. Dorchester Minerals, L.P. has a twelve month low of $20.85 and a twelve month high of $30.13. The firm has a market cap of $1.35 billion, a PE ratio of 24.11 and a beta of 0.61. The business has a fifty day moving average of $26.22 and a 200-day moving average of $24.50.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Tuesday, February 24th. The energy company reported $0.32 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 37.53% and a return on equity of 17.76%. The company had revenue of $41.86 million for the quarter.

Dorchester Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.7557 per share. This represents a $3.02 annualized dividend and a dividend yield of 10.8%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, February 2nd. Dorchester Minerals’s payout ratio is currently 260.34%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Dorchester Minerals

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.