ArchPoint Investors Has $12.51 Million Stock Position in Dorchester Minerals, L.P. $DMLP

ArchPoint Investors raised its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 559,260 shares of the energy company’s stock after acquiring an additional 22,201 shares during the period. Dorchester Minerals makes up approximately 3.0% of ArchPoint Investors’ investment portfolio, making the stock its 9th largest position. ArchPoint Investors owned about 1.16% of Dorchester Minerals worth $12,505,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings 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 acquiring an additional 440 shares during the period. Creative Planning boosted its holdings in shares of Dorchester Minerals by 4.6% during the third quarter. Creative Planning now owns 10,163 shares of the energy company’s stock worth $263,000 after acquiring an additional 450 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. boosted its holdings in shares of Dorchester Minerals by 1.5% during the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after acquiring an additional 450 shares during the period. Osaic Holdings Inc. boosted its holdings 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 acquiring an additional 463 shares during the period. Finally, Lido Advisors LLC boosted its holdings in shares of Dorchester Minerals by 4.7% during the fourth quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock worth $366,000 after acquiring an additional 738 shares during the period. Institutional investors own 19.21% of the company’s stock.

Insider Buying and Selling

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 7,500 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $27.56 per share, for a total transaction of $206,700.00. Following the completion of the transaction, the insider owned 70,017 shares in the company, valued at approximately $1,929,668.52. This represents a 12.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bradley J. Ehrman acquired 4,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. This represents a 2.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 19,000 shares of company stock valued at $526,070. 5.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. 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 research report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Dorchester Minerals Trading Down 0.6%

NASDAQ DMLP opened at $26.71 on Friday. Dorchester Minerals, L.P. has a 1-year low of $20.85 and a 1-year high of $28.95. The company has a 50 day moving average of $27.63 and a 200-day moving average of $25.54. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 19.22 and a beta of 0.54.

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 net margin of 40.85% and a return on equity of 22.11%. The company had revenue of $58.88 million during 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 given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Monday, May 4th. Dorchester Minerals’s payout ratio is presently 136.69%.

Dorchester Minerals Profile

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.