Dorchester Minerals, L.P. $DMLP Stock: Global Strategic Management Inc. Increases Stake

Global Strategic Management Inc. boosted its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 74.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 47,250 shares of the energy company’s stock after buying an additional 20,200 shares during the quarter. Dorchester Minerals accounts for approximately 0.9% of Global Strategic Management Inc.’s portfolio, making the stock its 17th biggest position. Global Strategic Management Inc.’s holdings in Dorchester Minerals were worth $1,324,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Pin Oak Investment Advisors Inc. purchased a new position in Dorchester Minerals during the 2nd quarter worth $25,000. Bank of New York Mellon Corp purchased a new stake in shares of Dorchester Minerals in the first quarter valued at about $209,000. Azzad Asset Management Inc. ADV purchased a new stake in shares of Dorchester Minerals in the first quarter valued at about $252,000. Trust Co. of Vermont bought a new position in shares of Dorchester Minerals during the second quarter valued at about $348,000. Finally, Cetera Investment Advisers lifted its position in shares of Dorchester Minerals by 33.8% during the first quarter. Cetera Investment Advisers now owns 13,057 shares of the energy company’s stock valued at $354,000 after purchasing an additional 3,298 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Dorchester Minerals from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Dorchester Minerals Trading Down 0.4%

Shares of Dorchester Minerals stock opened at $29.87 on Friday. The business’s fifty day simple moving average is $28.91 and its 200 day simple moving average is $27.70. The firm has a market capitalization of $1.47 billion, a P/E ratio of 16.97 and a beta of 0.64. Dorchester Minerals, L.P. has a 12 month low of $20.85 and a 12 month high of $30.54.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $0.62 earnings per share for the quarter. The business had revenue of $56.08 million for the quarter. Dorchester Minerals had a return on equity of 28.43% and a net margin of 45.45%.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 3rd were paid a dividend of $1.2729 per share. This represents a $5.09 dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date was Monday, August 3rd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.4750. Dorchester Minerals’s dividend payout ratio (DPR) is presently 289.20%.

Insider Activity at Dorchester Minerals

In related news, CFO Leslie Moriyama purchased 5,197 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average cost of $28.30 per share, with a total value of $147,075.10. Following the acquisition, the chief financial officer owned 103,405 shares of the company’s stock, valued at $2,926,361.50. This represents a 5.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.90% of the stock is owned by insiders.

Dorchester Minerals Profile

Dorchester Minerals, L.P. is a publicly traded master limited partnership that owns and manages oil and natural gas mineral interests in the United States. Its assets include producing and non-producing mineral and royalty interests, overriding royalty interests, net profits interests, leasehold interests and other related energy properties.

The partnership generally leases its mineral interests to exploration and production companies rather than directly developing most properties. It earns revenue primarily from royalties and other payments associated with oil and natural gas production, as well as lease bonuses and related interests.