Horizon Kinetics Asset Management LLC Has $30.29 Million Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Horizon Kinetics Asset Management LLC grew its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 908,646 shares of the energy company's stock after purchasing an additional 11,753 shares during the quarter. Dorchester Minerals comprises about 0.4% of Horizon Kinetics Asset Management LLC's investment portfolio, making the stock its 26th largest position. Horizon Kinetics Asset Management LLC owned 1.92% of Dorchester Minerals worth $30,285,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Round Rock Advisors LLC acquired a new position in Dorchester Minerals during the 4th quarter worth about $3,877,000. Moors & Cabot Inc. lifted its position in shares of Dorchester Minerals by 0.6% during the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company's stock worth $3,092,000 after purchasing an additional 639 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of Dorchester Minerals by 1.4% during the third quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company's stock valued at $2,211,000 after purchasing an additional 1,000 shares during the last quarter. GraniteShares Advisors LLC increased its holdings in shares of Dorchester Minerals by 1.0% in the fourth quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company's stock valued at $2,442,000 after purchasing an additional 743 shares in the last quarter. Finally, Albert D Mason Inc. increased its holdings in shares of Dorchester Minerals by 1.8% in the fourth quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company's stock valued at $998,000 after purchasing an additional 525 shares in the last quarter. Institutional investors own 19.21% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com lowered Dorchester Minerals from a "buy" rating to a "hold" rating in a research report on Monday, February 24th.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average cost of $32.86 per share, for a total transaction of $131,440.00. Following the transaction, the insider now directly owns 32,728 shares of the company's stock, valued at approximately $1,075,442.08. The trade was a 13.92 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Bradley J. Ehrman acquired 3,356 shares of Dorchester Minerals stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $29.80 per share, for a total transaction of $100,008.80. Following the purchase, the chief executive officer now directly owns 117,710 shares in the company, valued at $3,507,758. The trade was a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 29,145 shares of company stock worth $921,407 in the last three months. Insiders own 5.90% of the company's stock.

Dorchester Minerals Stock Down 0.3 %

DMLP stock traded down $0.10 during midday trading on Friday, reaching $30.12. The stock had a trading volume of 145,591 shares, compared to its average volume of 90,576. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 14.21 and a beta of 1.08. Dorchester Minerals, L.P. has a twelve month low of $28.25 and a twelve month high of $35.74. The business has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $31.88.

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

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were given a $0.7394 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 annualized dividend and a dividend yield of 9.82%. Dorchester Minerals's dividend payout ratio is currently 139.15%.

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.