Requisite Capital Management LLC Has $933,000 Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Requisite Capital Management LLC decreased its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,000 shares of the energy company’s stock after selling 3,600 shares during the quarter. Requisite Capital Management LLC owned approximately 0.06% of Dorchester Minerals worth $933,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. HWG Holdings LP acquired a new position in shares of Dorchester Minerals during the 2nd quarter worth approximately $30,000. JPMorgan Chase & Co. grew its stake in shares of Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after buying an additional 556 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in Dorchester Minerals during the third quarter worth $166,000. MADDEN SECURITIES Corp bought a new stake in Dorchester Minerals during the third quarter worth $223,000. Finally, Atomi Financial Group Inc. grew its position in shares of Dorchester Minerals by 29.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after acquiring an additional 1,954 shares during the period. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Price Performance

Shares of DMLP opened at $32.31 on Friday. The company has a market cap of $1.53 billion, a PE ratio of 11.62 and a beta of 1.09. The firm has a 50-day moving average of $33.27 and a 200-day moving average of $31.90. Dorchester Minerals, L.P. has a one year low of $28.41 and a one year high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. The firm had revenue of $53.47 million for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be paid a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is presently 143.17%.

Insider Activity at Dorchester Minerals

In other news, CFO Leslie A. Moriyama acquired 12,050 shares of Dorchester Minerals stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the completion of the acquisition, the chief financial officer now directly owns 83,450 shares in the company, valued at approximately $2,871,514.50. The trade was a 16.88 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Minerals Operating Dorchester bought 6,500 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $32.21 per share, for a total transaction of $209,365.00. Following the purchase, the insider now owns 28,728 shares of the company’s stock, valued at $925,328.88. This trade represents a 29.24 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 41,152 shares of company stock worth $1,388,552. Company insiders own 7.10% of the company’s stock.

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.