Fisher Asset Management LLC Purchases New Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Fisher Asset Management LLC purchased a new stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) during the 4th quarter, HoldingsChannel reports. The firm purchased 19,511 shares of the energy company’s stock, valued at approximately $650,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Dorchester Minerals by 62.6% during 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 during the period. LGT Financial Advisors LLC acquired a new stake in Dorchester Minerals during the third quarter valued at $166,000. Apollon Wealth Management LLC acquired a new stake in Dorchester Minerals during the fourth quarter valued at $228,000. Principal Street Partners LLC acquired a new stake in Dorchester Minerals during the third quarter valued at $291,000. Finally, Flagship Harbor Advisors LLC grew its position in shares of Dorchester Minerals by 3.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 8,787 shares of the energy company’s stock valued at $293,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Trading Down 0.9 %

DMLP opened at $29.62 on Friday. The firm has a market capitalization of $1.40 billion, a PE ratio of 13.97 and a beta of 1.07. Dorchester Minerals, L.P. has a twelve month low of $28.25 and a twelve month high of $35.74. The firm’s 50-day moving average price is $32.23 and its 200 day moving average price is $31.96.

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

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were paid a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.99%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is 139.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research report on Monday, February 24th.

Insider Activity

In other news, CEO Bradley J. Ehrman acquired 3,356 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the transaction, the chief executive officer now owns 117,710 shares in the company, valued at $3,507,758. This represents a 2.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Minerals Operating Dorchester acquired 4,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were purchased at an average price of $32.86 per share, with a total value of $131,440.00. Following the transaction, the insider now owns 32,728 shares in the company, valued at $1,075,442.08. The trade was a 13.92 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 29,145 shares of company stock valued at $921,407. Company insiders own 7.10% of the company’s stock.

Dorchester Minerals 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.