9,936 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC bought a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,936 shares of the energy company’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. MADDEN SECURITIES Corp bought a new stake in shares of Dorchester Minerals during the third quarter worth about $223,000. Atomi Financial Group Inc. grew its holdings in Dorchester Minerals by 29.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock worth $262,000 after acquiring an additional 1,954 shares during the last quarter. HWG Holdings LP acquired a new position in Dorchester Minerals in the 2nd quarter valued at approximately $30,000. Magnolia Capital Advisors LLC bought a new position in shares of Dorchester Minerals during the second quarter valued at $482,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Dorchester Minerals during the second quarter worth $308,000. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Trading Up 3.4 %

Shares of DMLP stock opened at $32.92 on Monday. Dorchester Minerals, L.P. has a 1-year low of $27.16 and a 1-year high of $35.74. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 12.81 and a beta of 1.10. The stock has a 50-day moving average of $30.68 and a 200-day moving average of $31.55.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, August 1st. The energy company reported $0.57 earnings per share for the quarter. The business had revenue of $37.36 million during the quarter. Dorchester Minerals had a net margin of 66.16% and a return on equity of 59.40%.

Dorchester Minerals Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Monday, October 28th will be given a dividend of $0.996 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $3.98 dividend on an annualized basis and a yield of 12.10%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s dividend payout ratio is 154.86%.

Analyst Ratings Changes

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

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.