16,000 Shares in Dorchester Minerals, L.P. $DMLP Bought by Autumn Glory Partners LLC

Autumn Glory Partners LLC bought a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,000 shares of the energy company’s stock, valued at approximately $446,000.

Other hedge funds have also modified their holdings of the company. GraniteShares Advisors LLC grew its holdings in shares of Dorchester Minerals by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 83,205 shares of the energy company’s stock valued at $2,318,000 after buying an additional 5,203 shares in the last quarter. Adams Asset Advisors LLC grew its holdings in shares of Dorchester Minerals by 10.3% during the second quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company’s stock valued at $17,193,000 after buying an additional 57,600 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Dorchester Minerals by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock valued at $1,073,000 after buying an additional 2,101 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after buying an additional 440 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dorchester Minerals by 258.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company’s stock valued at $12,390,000 after buying an additional 297,029 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dorchester Minerals in a report on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Dorchester Minerals Trading Up 0.5%

DMLP opened at $25.36 on Monday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 14.74 and a beta of 0.61. Dorchester Minerals, L.P. has a 1 year low of $24.01 and a 1 year high of $34.88. The stock has a fifty day moving average price of $25.52 and a 200 day moving average price of $27.24.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $0.25 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 22.49% and a net margin of 47.35%.The firm had revenue of $32.40 million during the quarter.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were given a $0.6202 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 9.8%. Dorchester Minerals’s payout ratio is currently 144.19%.

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.