Resolute Capital LLC Takes $1.06 Million Position in Dorchester Minerals, L.P. $DMLP

Resolute Capital LLC acquired a new stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 47,333 shares of the energy company’s stock, valued at approximately $1,058,000. Dorchester Minerals comprises approximately 0.4% of Resolute Capital LLC’s portfolio, making the stock its 27th biggest holding. Resolute Capital LLC owned about 0.10% of Dorchester Minerals at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Peapack Gladstone Financial Corp increased its stake in shares of Dorchester Minerals by 14.7% during the 4th quarter. Peapack Gladstone Financial Corp now owns 17,532 shares of the energy company’s stock valued at $392,000 after acquiring an additional 2,250 shares during the last quarter. Texas Yale Capital Corp. grew its holdings in shares of Dorchester Minerals by 15.8% during the 4th quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company’s stock worth $4,506,000 after purchasing an additional 27,500 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of Dorchester Minerals during the 4th quarter worth about $267,000. EverSource Wealth Advisors LLC grew its holdings in shares of Dorchester Minerals by 4,918.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after purchasing an additional 3,000 shares during the period. Finally, Americana Partners LLC grew its holdings in shares of Dorchester Minerals by 54.6% during the 4th quarter. Americana Partners LLC now owns 56,126 shares of the energy company’s stock worth $1,255,000 after purchasing an additional 19,820 shares during the period. Institutional investors and hedge funds own 19.21% of the company’s stock.

Insider Buying and Selling

In other news, CEO Bradley J. Ehrman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $26.78 per share, with a total value of $107,120.00. Following the purchase, the chief executive officer directly owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. This represents a 2.88% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $28.30 per share, for a total transaction of $212,250.00. Following the acquisition, the insider directly owned 62,517 shares in the company, valued at $1,769,231.10. This represents a 13.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.90% of the company’s stock.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP opened at $27.08 on Monday. The company has a market cap of $1.31 billion, a P/E ratio of 19.48 and a beta of 0.54. Dorchester Minerals, L.P. has a one year low of $20.85 and a one year high of $28.95. The business’s 50-day simple moving average is $27.63 and its 200 day simple moving average is $25.25.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.The firm had revenue of $58.88 million during the quarter.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 4th were paid a dividend of $0.475 per share. The ex-dividend date was Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 7.0%. Dorchester Minerals’s dividend payout ratio (DPR) is currently 136.69%.

Analyst Upgrades and Downgrades

DMLP has been the subject of a number of research reports. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Dorchester Minerals

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.