Canton Hathaway LLC Invests $616,000 in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Canton Hathaway LLC purchased a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 18,475 shares of the energy company's stock, valued at approximately $616,000.

Several other large investors also recently modified their holdings of the stock. Round Rock Advisors LLC bought a new position in Dorchester Minerals during the fourth quarter worth about $3,877,000. Burford Brothers Inc. purchased a new stake in shares of Dorchester Minerals during the 4th quarter valued at approximately $976,000. Capital Advisory Group Advisory Services LLC bought a new position in Dorchester Minerals in the 4th quarter worth approximately $837,000. One Charles Private Wealth Services LLC purchased a new position in Dorchester Minerals in the 3rd quarter valued at approximately $331,000. Finally, Principal Street Partners LLC purchased a new position in Dorchester Minerals in the 3rd quarter valued at approximately $291,000. Hedge funds and other institutional investors own 19.21% of the company's stock.

Insider Activity

In related news, CEO Bradley J. Ehrman purchased 14,430 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $34.41 per share, with a total value of $496,536.30. Following the purchase, the chief executive officer now directly owns 29,622 shares in the company, valued at approximately $1,019,293.02. This represents a 94.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Minerals Operating Dorchester acquired 6,500 shares of the stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $30.90 per share, for a total transaction of $200,850.00. Following the transaction, the insider now owns 47,682 shares in the company, valued at approximately $1,473,373.80. This represents a 15.78 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 52,269 shares of company stock worth $1,732,575 in the last three months. Corporate insiders own 7.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Dorchester Minerals from a "buy" rating to a "hold" rating in a research report on Monday.

Dorchester Minerals Stock Performance

NASDAQ DMLP traded down $0.65 during trading hours on Friday, hitting $30.41. The company had a trading volume of 317,055 shares, compared to its average volume of 174,032. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.34 and a beta of 1.07. Dorchester Minerals, L.P. has a 52 week low of $28.41 and a 52 week high of $35.74. The firm has a 50 day simple moving average of $32.44 and a 200 day simple moving average of $31.99.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. The company had revenue of $39.71 million during the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were issued a $0.7394 dividend. This represents a $2.96 annualized dividend and a yield of 9.73%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals's payout ratio is 139.15%.

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.