Principal Street Partners LLC Raises Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Principal Street Partners LLC grew its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 100.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,361 shares of the energy company’s stock after acquiring an additional 9,711 shares during the quarter. Principal Street Partners LLC’s holdings in Dorchester Minerals were worth $645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Horizon Kinetics Asset Management LLC increased its position in Dorchester Minerals by 1.3% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company’s stock worth $30,285,000 after purchasing an additional 11,753 shares during the last quarter. Round Rock Advisors LLC purchased a new stake in shares of Dorchester Minerals in the 4th quarter valued at approximately $3,877,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Dorchester Minerals during the 4th quarter worth approximately $3,829,000. Texas Yale Capital Corp. raised its position in shares of Dorchester Minerals by 2.8% during the 4th quarter. Texas Yale Capital Corp. now owns 77,300 shares of the energy company’s stock valued at $2,576,000 after buying an additional 2,100 shares during the period. Finally, GraniteShares Advisors LLC grew its position in Dorchester Minerals by 1.0% in the fourth quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company’s stock worth $2,442,000 after acquiring an additional 743 shares during the period. Institutional investors and hedge funds own 19.21% of the company’s stock.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The stock was purchased at an average price of $28.76 per share, for a total transaction of $287,600.00. Following the completion of the acquisition, the insider now owns 58,017 shares of the company’s stock, valued at approximately $1,668,568.92. This trade represents a 20.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Bradley J. Ehrman bought 3,356 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $29.80 per share, for a total transaction 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. This trade represents a 2.93% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th.

Dorchester Minerals Price Performance

NASDAQ DMLP opened at $28.23 on Tuesday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 13.32 and a beta of 0.62. The firm’s 50-day moving average is $28.90 and its two-hundred day moving average is $31.21. 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 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 company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.7258 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.90 annualized dividend and a dividend yield of 10.28%. Dorchester Minerals’s dividend payout ratio is currently 142.16%.

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.