MGO One Seven LLC Acquires New Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

MGO One Seven LLC bought a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,436 shares of the energy company’s stock, valued at approximately $215,000.

Several other hedge funds have also modified their holdings of the company. Stifel Financial Corp raised its stake in shares of Dorchester Minerals by 2.6% during the 4th quarter. Stifel Financial Corp now owns 57,200 shares of the energy company’s stock worth $1,906,000 after acquiring an additional 1,432 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of Dorchester Minerals during the fourth quarter worth $201,000. Tower Research Capital LLC TRC lifted its holdings in shares of Dorchester Minerals by 638.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock valued at $37,000 after purchasing an additional 952 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Dorchester Minerals in the 4th quarter worth $237,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dorchester Minerals in the 4th quarter worth $783,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $30.90 per share, for a total transaction of $200,850.00. Following the completion of the transaction, the insider now directly owns 47,682 shares of the company’s stock, valued at approximately $1,473,373.80. This trade represents a 15.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bradley J. Ehrman purchased 3,356 shares of the stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $29.80 per share, for a total transaction of $100,008.80. Following the completion of the acquisition, the chief executive officer now owns 117,710 shares of the company’s stock, valued at $3,507,758. The trade was a 2.93 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 17,691 shares of company stock valued at $548,939 over the last quarter. 5.90% of the stock is currently owned by company insiders.

Dorchester Minerals Trading Down 0.7 %

Shares of Dorchester Minerals stock opened at $29.08 on Wednesday. The firm’s 50 day simple moving average is $29.43 and its two-hundred day simple moving average is $31.60. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 13.72 and a beta of 0.79. Dorchester Minerals, L.P. has a 12-month low of $25.84 and a 12-month high of $34.88.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%. The firm had revenue of $39.71 million for the quarter.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a $0.7258 dividend. This represents a $2.90 annualized dividend and a dividend yield of 9.98%. The ex-dividend date of this dividend is Monday, May 5th. Dorchester Minerals’s payout ratio is 136.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.