Dorchester Minerals, L.P. (NASDAQ:DMLP) Stake Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Rating) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,029 shares of the energy company’s stock after purchasing an additional 4,040 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Dorchester Minerals were worth $480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edge Capital Group LLC bought a new position in shares of Dorchester Minerals in the fourth quarter valued at $5,934,000. Northern Trust Corp increased its holdings in shares of Dorchester Minerals by 507.9% in the second quarter. Northern Trust Corp now owns 100,725 shares of the energy company’s stock valued at $2,402,000 after buying an additional 84,156 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Dorchester Minerals by 354.9% in the third quarter. Bank of Montreal Can now owns 79,600 shares of the energy company’s stock valued at $2,316,000 after buying an additional 62,100 shares in the last quarter. Wexford Capital LP bought a new position in shares of Dorchester Minerals in the second quarter valued at $150,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Dorchester Minerals by 93.1% in the second quarter. Goldman Sachs Group Inc. now owns 82,938 shares of the energy company’s stock valued at $1,978,000 after buying an additional 39,997 shares in the last quarter. Institutional investors own 19.36% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Dorchester Minerals in a report on Thursday, May 18th. They issued a “buy” rating on the stock.

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $28.37 on Friday. Dorchester Minerals, L.P. has a twelve month low of $22.51 and a twelve month high of $32.61. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 8.70 and a beta of 1.23. The firm’s 50 day moving average price is $29.11 and its two-hundred day moving average price is $29.34.

Dorchester Minerals (NASDAQ:DMLP – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The energy company reported $0.71 EPS for the quarter. Dorchester Minerals had a net margin of 75.07% and a return on equity of 73.63%. The business had revenue of $38.88 million for the quarter.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 11th. Investors of record on Monday, May 1st were issued a $0.99 dividend. The ex-dividend date was Friday, April 28th. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.88. This represents a $3.96 dividend on an annualized basis and a yield of 13.96%. Dorchester Minerals’s dividend payout ratio is currently 121.47%.

Insider Buying and Selling

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The stock was purchased at an average cost of $28.12 per share, for a total transaction of $112,480.00. Following the completion of the acquisition, the insider now owns 24,967 shares of the company’s stock, valued at approximately $702,072.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.50% of the stock is currently owned by corporate insiders.

Dorchester Minerals Profile

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Dorchester Minerals LP engages in the acquisition, ownership, and administration of royalty properties and net profits interests (NPI). The NPI represents a net profits overriding royalty interest burdening various properties owned by its operating partnership. Royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests.