Lafitte Capital Management LP bought a new position in shares of Dorchester Minerals LP (NASDAQ:DMLP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 521,600 shares of the energy company’s stock, valued at approximately $7,928,000. Dorchester Minerals accounts for 3.3% of Lafitte Capital Management LP’s portfolio, making the stock its 7th largest position. Lafitte Capital Management LP owned about 1.62% of Dorchester Minerals at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Deutsche Bank AG grew its holdings in shares of Dorchester Minerals by 56.6% during the 4th quarter. Deutsche Bank AG now owns 334,602 shares of the energy company’s stock worth $5,085,000 after acquiring an additional 120,957 shares during the period. Jefferies Group LLC grew its holdings in shares of Dorchester Minerals by 23.6% during the 4th quarter. Jefferies Group LLC now owns 389,386 shares of the energy company’s stock worth $5,919,000 after acquiring an additional 74,386 shares during the period. Sanctuary Wealth Advisors LLC grew its stake in shares of Dorchester Minerals by 8.0% in the 4th quarter. Sanctuary Wealth Advisors LLC now owns 241,609 shares of the energy company’s stock worth $3,672,000 after buying an additional 18,000 shares during the last quarter. Royce & Associates LP grew its stake in shares of Dorchester Minerals by 24.5% in the 4th quarter. Royce & Associates LP now owns 667,257 shares of the energy company’s stock worth $10,142,000 after buying an additional 131,470 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its stake in shares of Dorchester Minerals by 20.0% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 56,876 shares of the energy company’s stock worth $865,000 after buying an additional 9,477 shares during the last quarter. Hedge funds and other institutional investors own 16.06% of the company’s stock.
Shares of Dorchester Minerals LP (DMLP) opened at $15.90 on Wednesday. Dorchester Minerals LP has a 52 week low of $13.90 and a 52 week high of $19.10. The firm has a market capitalization of $516.48, a P/E ratio of 13.47 and a beta of 0.76.
Separately, BidaskClub downgraded Dorchester Minerals from a “hold” rating to a “sell” rating in a research note on Friday, March 9th.
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Dorchester Minerals Profile
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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