MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys New Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 114,879 shares of the energy company’s stock, valued at approximately $3,829,000.

Several other hedge funds have also recently made changes to their positions in DMLP. Graney & King LLC purchased a new stake in Dorchester Minerals in the fourth quarter valued at $28,000. Tower Research Capital LLC TRC boosted its holdings in Dorchester Minerals by 638.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock valued at $37,000 after purchasing an additional 952 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after purchasing an additional 556 shares during the last quarter. Virtus ETF Advisers LLC boosted its holdings in Dorchester Minerals by 7.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock valued at $191,000 after purchasing an additional 402 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Dorchester Minerals in the fourth quarter valued at $200,000. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Stock Performance

NASDAQ:DMLP opened at $28.23 on Tuesday. Dorchester Minerals, L.P. has a one year low of $25.84 and a one year high of $34.88. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 13.32 and a beta of 0.62. The firm’s fifty day moving average is $28.90 and its two-hundred day moving average is $31.21.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $0.36 EPS for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $0.7258 per share. This represents a $2.90 annualized dividend and a dividend yield of 10.28%. The ex-dividend date of this dividend was Monday, May 5th. Dorchester Minerals’s payout ratio is currently 142.16%.

Insider Transactions at Dorchester Minerals

In other news, CEO Bradley J. Ehrman bought 3,356 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $29.80 per share, with a total value of $100,008.80. Following the purchase, the chief executive officer now directly owns 117,710 shares in the company, valued at $3,507,758. The trade was a 2.93% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Minerals Operating Dorchester bought 10,000 shares of the stock in a transaction dated Wednesday, April 30th. The shares were purchased at an average cost of $28.76 per share, for a total transaction of $287,600.00. Following the completion of the purchase, the insider now owns 58,017 shares in the company, valued at approximately $1,668,568.92. This represents a 20.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

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.