Burford Brothers Inc. Sells 5,862 Shares of Dorchester Minerals, L.P. $DMLP

Burford Brothers Inc. lessened its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 13.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,210 shares of the energy company’s stock after selling 5,862 shares during the quarter. Burford Brothers Inc.’s holdings in Dorchester Minerals were worth $1,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DMLP. CWM LLC raised its stake in shares of Dorchester Minerals by 1,784.5% during the second quarter. CWM LLC now owns 20,541 shares of the energy company’s stock valued at $572,000 after acquiring an additional 19,451 shares during the last quarter. MADDEN SECURITIES Corp boosted its stake in Dorchester Minerals by 3.9% during the second quarter. MADDEN SECURITIES Corp now owns 13,382 shares of the energy company’s stock worth $373,000 after acquiring an additional 500 shares in the last quarter. Autumn Glory Partners LLC bought a new position in shares of Dorchester Minerals during the 2nd quarter worth about $446,000. GraniteShares Advisors LLC increased its holdings in shares of Dorchester Minerals by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 83,205 shares of the energy company’s stock valued at $2,318,000 after acquiring an additional 5,203 shares in the last quarter. Finally, Adams Asset Advisors LLC grew its holdings in shares of Dorchester Minerals by 10.3% during the second quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company’s stock valued at $17,193,000 after buying an additional 57,600 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dorchester Minerals in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Dorchester Minerals has an average rating of “Hold”.

Dorchester Minerals Price Performance

Shares of DMLP opened at $23.82 on Friday. Dorchester Minerals, L.P. has a 1-year low of $23.63 and a 1-year high of $34.88. The firm’s 50 day simple moving average is $25.02 and its 200 day simple moving average is $26.87. The company has a market capitalization of $1.13 billion, a P/E ratio of 13.85 and a beta of 0.61.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $0.25 EPS for the quarter. The business had revenue of $32.40 million for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were given a dividend of $0.6202 per share. This represents a $2.48 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date of this dividend was Monday, August 4th. Dorchester Minerals’s payout ratio is presently 144.19%.

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.