Community Bank N.A. bought a new position in Dorchester Minerals LP (NASDAQ:DMLP) in the second quarter, HoldingsChannel reports. The fund bought 60,860 shares of the energy company’s stock, valued at approximately $778,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mraz Amerine & Associates Inc. grew its stake in shares of Dorchester Minerals by 1.4% in the first quarter. Mraz Amerine & Associates Inc. now owns 69,976 shares of the energy company’s stock worth $651,000 after acquiring an additional 1,000 shares during the period. Everett Harris & Co. CA increased its position in Dorchester Minerals by 9.6% during the first quarter. Everett Harris & Co. CA now owns 12,500 shares of the energy company’s stock valued at $116,000 after acquiring an additional 1,100 shares during the last quarter. Towerpoint Wealth LLC increased its position in Dorchester Minerals by 12.4% during the first quarter. Towerpoint Wealth LLC now owns 19,235 shares of the energy company’s stock valued at $179,000 after acquiring an additional 2,116 shares during the last quarter. Creative Planning lifted its holdings in Dorchester Minerals by 4.3% in the second quarter. Creative Planning now owns 57,775 shares of the energy company’s stock valued at $738,000 after acquiring an additional 2,357 shares during the period. Finally, Royal Bank of Canada boosted its position in Dorchester Minerals by 55.4% in the first quarter. Royal Bank of Canada now owns 8,692 shares of the energy company’s stock worth $81,000 after purchasing an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 18.27% of the company’s stock.
Separately, BidaskClub downgraded shares of Dorchester Minerals from a “hold” rating to a “sell” rating in a report on Friday, July 10th.
Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, May 7th. The energy company reported $0.25 earnings per share for the quarter. The company had revenue of $15.48 million for the quarter. Dorchester Minerals had a return on equity of 41.17% and a net margin of 63.19%.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.2263 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 8.31%.
In other news, COO Bradley J. Ehrman bought 4,000 shares of Dorchester Minerals stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average cost of $11.13 per share, with a total value of $44,520.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 8.80% of the company’s stock.
Dorchester Minerals Profile
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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