Trust Co. of Vermont Increases Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Trust Co. of Vermont increased its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,461 shares of the energy company’s stock after buying an additional 3,045 shares during the period. Trust Co. of Vermont’s holdings in Dorchester Minerals were worth $482,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in Dorchester Minerals during the 2nd quarter worth approximately $30,000. JPMorgan Chase & Co. grew its stake in shares of Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Dorchester Minerals during the third quarter worth $166,000. MADDEN SECURITIES Corp purchased a new position in Dorchester Minerals in the third quarter valued at $223,000. Finally, Atomi Financial Group Inc. raised its stake in Dorchester Minerals by 29.0% in the third quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after buying an additional 1,954 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP opened at $33.11 on Friday. The business has a 50-day moving average of $33.31 and a two-hundred day moving average of $31.86. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.91 and a beta of 1.09. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74.

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

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester bought 954 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $33.19 per share, for a total transaction of $31,663.26. Following the completion of the transaction, the insider now owns 33,682 shares of the company’s stock, valued at approximately $1,117,905.58. This trade represents a 2.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Leslie A. Moriyama bought 3,218 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $32.60 per share, with a total value of $104,906.80. Following the completion of the transaction, the chief financial officer now owns 71,400 shares in the company, valued at approximately $2,327,640. This trade represents a 4.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 41,152 shares of company stock worth $1,388,552. 7.10% of the stock is currently owned by insiders.

Dorchester Minerals Company 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.