42,978 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Bought by Cresset Asset Management LLC

Cresset Asset Management LLC bought a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 42,978 shares of the energy company’s stock, valued at approximately $1,432,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DMLP. Graney & King LLC bought a new position in shares of Dorchester Minerals in the fourth quarter worth about $28,000. Tower Research Capital LLC TRC increased its position in Dorchester Minerals by 638.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock worth $37,000 after buying an additional 952 shares during the period. JPMorgan Chase & Co. increased its position in Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after buying an additional 556 shares during the period. Virtus ETF Advisers LLC lifted its holdings in shares of Dorchester Minerals by 7.5% during the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock worth $191,000 after buying an additional 402 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Dorchester Minerals in the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Insiders Place Their Bets

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

Dorchester Minerals Price Performance

Shares of Dorchester Minerals stock opened at $27.84 on Friday. The company’s fifty day moving average price is $29.07 and its two-hundred day moving average price is $31.36. The firm has a market capitalization of $1.32 billion, a PE ratio of 13.13 and a beta of 0.62. Dorchester Minerals, L.P. has a 52-week low of $25.84 and a 52-week high of $34.88.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a $0.7258 dividend. This represents a $2.90 annualized dividend and a yield of 10.43%. The ex-dividend date of this dividend is Monday, May 5th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 136.79%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

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.