HighTower Advisors LLC Raises Stock Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

HighTower Advisors LLC lifted its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 38.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,515 shares of the energy company’s stock after acquiring an additional 3,192 shares during the period. HighTower Advisors LLC’s holdings in Dorchester Minerals were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DMLP. HWG Holdings LP purchased a new position in Dorchester Minerals during the 2nd quarter worth $30,000. LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals during the third quarter worth about $166,000. Atomi Financial Group Inc. grew its holdings in shares of Dorchester Minerals by 7.3% during the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after buying an additional 459 shares during the last quarter. MADDEN SECURITIES Corp acquired a new position in Dorchester Minerals in the 3rd quarter valued at about $223,000. Finally, Redhawk Wealth Advisors Inc. raised its stake in Dorchester Minerals by 7.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after acquiring an additional 701 shares during the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, CEO Bradley J. Ehrman purchased 14,430 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $34.41 per share, for a total transaction of $496,536.30. Following the completion of the purchase, the chief executive officer now directly owns 29,622 shares in the company, valued at $1,019,293.02. This represents a 94.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Leslie A. Moriyama acquired 3,218 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the acquisition, the chief financial officer now directly owns 71,400 shares of the company’s stock, valued at $2,327,640. This trade represents a 4.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 29,698 shares of company stock worth $1,016,084 over the last ninety days. 7.10% of the stock is currently owned by company insiders.

Dorchester Minerals Trading Down 0.4 %

Dorchester Minerals stock opened at $32.02 on Monday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 11.52 and a beta of 1.10. The stock has a 50 day moving average of $32.87 and a two-hundred day moving average of $31.54. Dorchester Minerals, L.P. has a twelve month low of $28.41 and a twelve month high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last issued 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 during the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were issued a $0.996 dividend. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.98 annualized dividend and a dividend yield of 12.44%. Dorchester Minerals’s payout ratio is presently 143.17%.

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.