Dorchester Minerals, L.P. (NASDAQ:DMLP) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 62.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,444 shares of the energy company’s stock after purchasing an additional 556 shares during the quarter. JPMorgan Chase & Co.’s holdings in Dorchester Minerals were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of DMLP. Geode Capital Management LLC raised its stake in shares of Dorchester Minerals by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company’s stock worth $749,000 after buying an additional 1,109 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Dorchester Minerals by 38.4% in the third quarter. HighTower Advisors LLC now owns 11,515 shares of the energy company’s stock valued at $348,000 after purchasing an additional 3,192 shares during the last quarter. Principal Street Partners LLC purchased a new position in shares of Dorchester Minerals during the 3rd quarter worth approximately $291,000. Horizon Kinetics Asset Management LLC boosted its stake in shares of Dorchester Minerals by 0.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock valued at $27,041,000 after acquiring an additional 5,210 shares during the last quarter. Finally, Independent Advisor Alliance increased its position in Dorchester Minerals by 1.4% during the 3rd quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock worth $2,211,000 after purchasing an additional 1,000 shares in the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Price Performance

NASDAQ:DMLP opened at $31.00 on Wednesday. Dorchester Minerals, L.P. has a 1-year low of $28.41 and a 1-year high of $35.74. The firm has a 50 day simple moving average of $33.00 and a 200-day simple moving average of $31.87. The firm has a market cap of $1.47 billion, a PE ratio of 11.15 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.7394 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.96 annualized dividend and a yield of 9.54%. Dorchester Minerals’s dividend payout ratio is presently 143.17%.

Insider Transactions at Dorchester Minerals

In other news, CFO Leslie A. Moriyama bought 3,218 shares of Dorchester Minerals stock in a transaction dated Thursday, November 14th. The shares were acquired 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $32.21 per share, with a total value of $209,365.00. Following the acquisition, the insider now directly owns 28,728 shares of the company’s stock, valued at $925,328.88. The trade was a 29.24 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 55,152 shares of company stock worth $1,827,077. 7.10% of the stock is currently owned by company insiders.

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.