Dorchester Minerals, L.P. (NASDAQ:DMLP) Shares Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC raised its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 81.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,133 shares of the energy company’s stock after acquiring an additional 6,360 shares during the period. TCG Advisory Services LLC’s holdings in Dorchester Minerals were worth $450,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of Dorchester Minerals by 4,306.7% in the third quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock valued at $77,000 after purchasing an additional 2,584 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of Dorchester Minerals during the 4th quarter worth $108,000. Samalin Investment Counsel LLC acquired a new position in shares of Dorchester Minerals during the 3rd quarter valued at about $224,000. Pathstone Family Office LLC purchased a new position in Dorchester Minerals during the third quarter worth about $246,000. Finally, Kovack Advisors Inc. raised its stake in Dorchester Minerals by 7.0% during the fourth quarter. Kovack Advisors Inc. now owns 8,025 shares of the energy company’s stock worth $255,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Stock Performance

Shares of NASDAQ DMLP traded down $2.30 during mid-day trading on Friday, reaching $30.88. 212,382 shares of the company’s stock were exchanged, compared to its average volume of 65,568. The company’s 50-day moving average is $33.04 and its 200-day moving average is $31.18. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 12.02 and a beta of 1.10. Dorchester Minerals, L.P. has a 52-week low of $27.02 and a 52-week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share for the quarter. The company had revenue of $50.42 million during the quarter. Dorchester Minerals had a net margin of 66.57% and a return on equity of 60.04%.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, April 29th will be paid a dividend of $0.782 per share. This represents a $3.13 dividend on an annualized basis and a yield of 10.13%. The ex-dividend date of this dividend is Friday, April 26th. Dorchester Minerals’s dividend payout ratio (DPR) is 121.79%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, January 6th.

About Dorchester Minerals

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.