Stifel Financial Corp Buys 1,432 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Stifel Financial Corp increased its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 57,200 shares of the energy company’s stock after acquiring an additional 1,432 shares during the period. Stifel Financial Corp’s holdings in Dorchester Minerals were worth $1,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DMLP. Horizon Kinetics Asset Management LLC raised its stake in shares of Dorchester Minerals by 1.3% in the fourth 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 during the period. Round Rock Advisors LLC bought a new position in Dorchester Minerals during the 4th quarter valued at about $3,877,000. Texas Yale Capital Corp. raised its position in Dorchester Minerals by 2.8% in the 4th quarter. Texas Yale Capital Corp. now owns 77,300 shares of the energy company’s stock worth $2,576,000 after purchasing an additional 2,100 shares during the period. GraniteShares Advisors LLC lifted its stake in 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 purchasing an additional 743 shares during the last quarter. Finally, LPL Financial LLC boosted its position 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 during the period. 19.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 directly owns 58,017 shares of the company’s stock, valued at $1,668,568.92. The trade was a 20.83 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Bradley J. Ehrman acquired 3,356 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $29.80 per share, with a total value of $100,008.80. Following the completion of the purchase, the chief executive officer now owns 117,710 shares of the company’s stock, valued at $3,507,758. This trade represents a 2.93 % increase in their ownership of the stock. 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 over the last quarter. 5.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Dorchester Minerals Trading Down 4.8 %

NASDAQ:DMLP opened at $28.39 on Tuesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 13.39 and a beta of 0.79. Dorchester Minerals, L.P. has a twelve month low of $25.84 and a twelve month high of $34.88. The stock has a fifty day simple moving average of $29.26 and a 200-day simple moving average of $31.50.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 earnings per share for the quarter. The company had revenue of $39.71 million during 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 declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.7258 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 10.23%. Dorchester Minerals’s payout ratio is 136.79%.

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.