LGT Financial Advisors LLC Takes Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

LGT Financial Advisors LLC purchased a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 5,500 shares of the energy company’s stock, valued at approximately $166,000.

A number of other institutional investors have also made changes to their positions in DMLP. Albert D Mason Inc. raised its holdings in Dorchester Minerals by 1.3% in the second quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock worth $907,000 after purchasing an additional 382 shares during the period. Atomi Financial Group Inc. increased its position in shares of Dorchester Minerals by 7.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after buying an additional 459 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Dorchester Minerals by 2.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 23,114 shares of the energy company’s stock valued at $779,000 after buying an additional 505 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in Dorchester Minerals by 7.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock worth $291,000 after buying an additional 701 shares during the period. Finally, HWG Holdings LP bought a new position in Dorchester Minerals during the second quarter worth about $30,000. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $32.35 on Thursday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 11.64 and a beta of 1.09. The business has a 50 day simple moving average of $31.03 and a 200 day simple moving average of $31.37. Dorchester Minerals, L.P. has a 52-week low of $27.16 and a 52-week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%. The company had revenue of $53.47 million during the quarter.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Monday, October 28th will be issued a dividend of $0.996 per share. This represents a $3.98 dividend on an annualized basis and a yield of 12.32%. The ex-dividend date of this dividend is Monday, October 28th. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s dividend payout ratio is 143.17%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Dorchester Minerals Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.