Newbridge Financial Services Group Inc. Buys Shares of 1,000 Dorchester Minerals, L.P. (NASDAQ:DMLP)

Newbridge Financial Services Group Inc. purchased a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLPFree Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,000 shares of the energy company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DMLP. Commonwealth Equity Services LLC raised its holdings in Dorchester Minerals by 1.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,170 shares of the energy company’s stock valued at $644,000 after acquiring an additional 421 shares during the last quarter. Raymond James & Associates lifted its position in Dorchester Minerals by 2.9% during the third quarter. Raymond James & Associates now owns 23,499 shares of the energy company’s stock worth $683,000 after buying an additional 671 shares during the period. Jump Financial LLC boosted its stake in Dorchester Minerals by 35.4% in the 3rd quarter. Jump Financial LLC now owns 10,700 shares of the energy company’s stock worth $311,000 after buying an additional 2,800 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Dorchester Minerals in the 3rd quarter valued at about $272,000. Finally, Pathstone Family Office LLC purchased a new stake in Dorchester Minerals in the third quarter valued at approximately $246,000. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Dorchester Minerals from a “buy” rating to a “hold” rating in a report on Monday, May 6th.

Check Out Our Latest Analysis on DMLP

Dorchester Minerals Trading Down 1.2 %

Shares of Dorchester Minerals stock traded down $0.40 during trading hours on Tuesday, reaching $31.72. The stock had a trading volume of 78,163 shares, compared to its average volume of 78,517. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.34 and a beta of 1.10. Dorchester Minerals, L.P. has a 1 year low of $27.16 and a 1 year high of $35.74. The firm has a 50 day simple moving average of $33.28 and a two-hundred day simple moving average of $31.48.

Dorchester Minerals (NASDAQ:DMLPGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share for the quarter. Dorchester Minerals had a net margin of 66.57% and a return on equity of 59.35%. The firm had revenue of $50.42 million for the quarter.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Monday, April 29th were given a $0.782 dividend. This represents a $3.13 annualized dividend and a yield of 9.86%. The ex-dividend date of this dividend was Friday, April 26th. Dorchester Minerals’s dividend payout ratio (DPR) is 121.79%.

Insider Activity

In other Dorchester Minerals news, CFO Leslie A. Moriyama bought 2,430 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of $31.74 per share, with a total value of $77,128.20. Following the completion of the transaction, the chief financial officer now owns 68,182 shares in the company, valued at $2,164,096.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.10% of the company’s stock.

About Dorchester Minerals

(Free Report)

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.

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Institutional Ownership by Quarter for Dorchester Minerals (NASDAQ:DMLP)

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