MADDEN SECURITIES Corp Has $379,000 Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

MADDEN SECURITIES Corp raised its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 54.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,382 shares of the energy company’s stock after buying an additional 4,000 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Dorchester Minerals were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC boosted its position in shares of Dorchester Minerals by 0.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock valued at $27,041,000 after acquiring an additional 5,210 shares during the period. Round Rock Advisors LLC bought a new stake in Dorchester Minerals in the 4th quarter valued at about $3,877,000. Moors & Cabot Inc. boosted its holdings in Dorchester Minerals by 0.6% in the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after purchasing an additional 639 shares during the period. Independent Advisor Alliance increased its holdings in shares of Dorchester Minerals by 1.4% during the third quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock worth $2,211,000 after purchasing an additional 1,000 shares during the period. Finally, Inscription Capital LLC increased its holdings in shares of Dorchester Minerals by 14.8% during the third quarter. Inscription Capital LLC now owns 46,500 shares of the energy company’s stock worth $1,402,000 after purchasing an additional 6,000 shares during the period. 19.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 6,500 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $30.90 per share, for a total transaction of $200,850.00. Following the purchase, the insider now owns 47,682 shares in the company, valued at approximately $1,473,373.80. This trade represents a 15.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Leslie A. Moriyama purchased 3,218 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $32.60 per share, with a total value of $104,906.80. Following the acquisition, the chief financial officer now directly owns 71,400 shares in the company, valued at $2,327,640. This represents a 4.72 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 55,487 shares of company stock worth $1,837,482. Company insiders own 7.10% of the company’s stock.

Dorchester Minerals Trading Up 2.0 %

Shares of DMLP stock opened at $31.96 on Tuesday. The stock has a market cap of $1.51 billion, a P/E ratio of 11.50 and a beta of 1.07. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74. The stock has a 50 day simple moving average of $32.77 and a 200 day simple moving average of $31.87.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.7394 per share. This represents a $2.96 annualized dividend and a dividend yield of 9.25%. The ex-dividend date of this dividend is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is currently 106.47%.

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.