GSA Capital Partners LLP lessened its stake in shares of Dorchester Minerals LP (NASDAQ:DMLP) by 40.0% during the second quarter, HoldingsChannel.com reports. The fund owned 28,828 shares of the energy company’s stock after selling 19,226 shares during the period. GSA Capital Partners LLP’s holdings in Dorchester Minerals were worth $594,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Independent Advisor Alliance increased its stake in Dorchester Minerals by 14.5% during the 2nd quarter. Independent Advisor Alliance now owns 51,462 shares of the energy company’s stock worth $1,060,000 after acquiring an additional 6,515 shares during the period. Botty Investors LLC increased its stake in Dorchester Minerals by 18.1% during the 1st quarter. Botty Investors LLC now owns 265,383 shares of the energy company’s stock worth $4,273,000 after acquiring an additional 40,751 shares during the period. JPMorgan Chase & Co. increased its stake in Dorchester Minerals by 819.7% during the 1st quarter. JPMorgan Chase & Co. now owns 25,292 shares of the energy company’s stock worth $407,000 after acquiring an additional 22,542 shares during the period. Bessemer Group Inc. bought a new position in Dorchester Minerals during the 2nd quarter worth $773,000. Finally, Wexford Capital LP bought a new position in Dorchester Minerals during the 1st quarter worth $262,000. Hedge funds and other institutional investors own 17.82% of the company’s stock.
In other Dorchester Minerals news, COO Bradley J. Ehrman purchased 2,747 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were bought at an average price of $18.98 per share, for a total transaction of $52,138.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.80% of the company’s stock.
Shares of DMLP opened at $18.70 on Friday. Dorchester Minerals LP has a 52-week low of $14.30 and a 52-week high of $20.92. The firm has a market capitalization of $608.47 million, a PE ratio of 12.82 and a beta of 0.72.
Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Monday, August 6th. The energy company reported $0.49 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 54.69% and a net margin of 70.68%. The company had revenue of $21.12 million for the quarter.
The firm also recently declared a dividend, which will be paid on Monday, October 8th. Stockholders of record on Monday, July 30th will be paid a $0.5373 dividend. This is a positive change from Dorchester Minerals’s previous dividend of $0.47. The ex-dividend date is Friday, July 27th.
Separately, BidaskClub lowered Dorchester Minerals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th.
Dorchester Minerals Company Profile
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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