Burford Brothers Inc. Takes $976,000 Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Burford Brothers Inc. bought a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 29,272 shares of the energy company's stock, valued at approximately $976,000. Burford Brothers Inc. owned 0.06% of Dorchester Minerals as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock worth $44,000 after acquiring an additional 556 shares during the period. LGT Financial Advisors LLC bought a new stake in shares of Dorchester Minerals during the 3rd quarter valued at about $166,000. MADDEN SECURITIES Corp purchased a new position in shares of Dorchester Minerals during the third quarter valued at about $223,000. 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 worth $262,000 after buying an additional 1,954 shares in the last quarter. Finally, Principal Street Partners LLC purchased a new stake in Dorchester Minerals in the third quarter worth about $291,000. 19.21% of the stock is currently owned by institutional investors.

Dorchester Minerals Trading Up 1.3 %

Shares of DMLP stock traded up $0.39 during midday trading on Thursday, reaching $31.39. 116,686 shares of the stock were exchanged, compared to its average volume of 181,746. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74. The firm has a market cap of $1.49 billion, a PE ratio of 11.29 and a beta of 1.07. The company's 50 day moving average is $32.88 and its two-hundred day moving average is $31.86.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be issued a $0.7394 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.42%. Dorchester Minerals's dividend payout ratio (DPR) is 143.17%.

Insider Buying and Selling at Dorchester Minerals

In related news, CEO Bradley J. Ehrman purchased 14,430 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $34.41 per share, for a total transaction of $496,536.30. Following the purchase, the chief executive officer now directly owns 29,622 shares of the company's stock, valued at approximately $1,019,293.02. This represents a 94.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Minerals Operating Dorchester acquired 6,500 shares of the stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $30.90 per share, with a total value of $200,850.00. Following the purchase, the insider now directly owns 47,682 shares of the company's stock, valued at $1,473,373.80. The trade was a 15.78 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 55,152 shares of company stock valued at $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.