Lee Financial Co Acquires 57,756 Shares of Dorchester Minerals, L.P. (DMLP)

Lee Financial Co increased its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 251.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,757 shares of the energy company’s stock after buying an additional 57,756 shares during the period. Lee Financial Co owned about 0.25% of Dorchester Minerals, L.P. worth $1,216,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DMLP. Adams Asset Advisors LLC lifted its position in shares of Dorchester Minerals, L.P. by 7.3% in the 3rd quarter. Adams Asset Advisors LLC now owns 519,281 shares of the energy company’s stock worth $7,815,000 after purchasing an additional 35,286 shares during the period. Segment Wealth Management LLC lifted its position in shares of Dorchester Minerals, L.P. by 100.0% in the 3rd quarter. Segment Wealth Management LLC now owns 20,000 shares of the energy company’s stock worth $301,000 after purchasing an additional 10,000 shares during the period. First Manhattan Co. lifted its position in shares of Dorchester Minerals, L.P. by 4.7% in the 2nd quarter. First Manhattan Co. now owns 16,650 shares of the energy company’s stock worth $240,000 after purchasing an additional 750 shares during the period. Mraz Amerine & Associates Inc. lifted its position in shares of Dorchester Minerals, L.P. by 38.6% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 37,170 shares of the energy company’s stock worth $537,000 after purchasing an additional 10,354 shares during the period. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Dorchester Minerals, L.P. in the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 13.18% of the company’s stock.

Dorchester Minerals, L.P. (DMLP) traded down $0.05 during trading hours on Tuesday, hitting $15.55. 60,500 shares of the stock traded hands, compared to its average volume of 67,376. The company has a market cap of $503.56, a price-to-earnings ratio of 16.25 and a beta of 0.83. Dorchester Minerals, L.P. has a 12 month low of $13.90 and a 12 month high of $19.30.

Dorchester Minerals, L.P. (NASDAQ:DMLP) last released its quarterly earnings data on Friday, November 3rd. The energy company reported $0.22 earnings per share for the quarter. The company had revenue of $12.48 million during the quarter. Dorchester Minerals, L.P. had a net margin of 64.05% and a return on equity of 40.04%.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Monday, October 30th were paid a $0.2847 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $1.14 annualized dividend and a dividend yield of 7.32%. Dorchester Minerals, L.P.’s dividend payout ratio is currently 118.75%.

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In related news, insider Minerals Operating Dorchester acquired 18,900 shares of the stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $14.48 per share, for a total transaction of $273,672.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.20% of the company’s stock.

A number of research analysts have recently issued reports on DMLP shares. BidaskClub downgraded shares of Dorchester Minerals, L.P. from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. TheStreet downgraded shares of Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 15th.

Dorchester Minerals, L.P. 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.

Institutional Ownership by Quarter for Dorchester Minerals, L.P. (NASDAQ:DMLP)

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