Burford Brothers Inc. Invests $808,000 in Dorchester Minerals, L.P. $DMLP

Burford Brothers Inc. acquired a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 36,150 shares of the energy company’s stock, valued at approximately $808,000. Burford Brothers Inc. owned approximately 0.07% of Dorchester Minerals as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position 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 worth $35,000 after purchasing an additional 440 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth $36,000. Osaic Holdings Inc. raised its position in shares of Dorchester Minerals by 14.1% during the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after purchasing an additional 463 shares during the period. Jones Financial Companies Lllp raised its position in shares of Dorchester Minerals by 320.8% during the third quarter. Jones Financial Companies Lllp now owns 4,208 shares of the energy company’s stock worth $110,000 after purchasing an additional 3,208 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in shares of Dorchester Minerals during the third quarter worth $119,000. Institutional investors own 19.21% of the company’s stock.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, CEO Bradley J. Ehrman purchased 4,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the completion of the acquisition, the chief executive officer owned 142,723 shares of the company’s stock, valued at $3,822,121.94. This represents a 2.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.90% of the company’s stock.

Dorchester Minerals Stock Up 1.6%

Shares of Dorchester Minerals stock opened at $27.66 on Friday. The stock’s fifty day moving average is $27.50 and its 200-day moving average is $25.00. The firm has a market capitalization of $1.33 billion, a PE ratio of 19.90 and a beta of 0.56. Dorchester Minerals, L.P. has a 12-month low of $20.85 and a 12-month high of $28.95.

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

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 4th were issued 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 6.9%. Dorchester Minerals’s payout ratio is currently 136.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DMLP shares. Weiss Ratings raised Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Dorchester Minerals has an average 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.