Penn Davis Mcfarland Inc. Cuts Stock Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Penn Davis Mcfarland Inc. trimmed its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 61.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,665 shares of the energy company's stock after selling 18,280 shares during the quarter. Penn Davis Mcfarland Inc.'s holdings in Dorchester Minerals were worth $389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DMLP. Geode Capital Management LLC increased its holdings in Dorchester Minerals by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company's stock worth $749,000 after acquiring an additional 1,109 shares during the last quarter. HighTower Advisors LLC increased its stake 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 worth $348,000 after purchasing an additional 3,192 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Dorchester Minerals in the third quarter valued at approximately $300,000. Baker Tilly Wealth Management LLC lifted its stake in shares of Dorchester Minerals by 15.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 12,084 shares of the energy company's stock valued at $403,000 after buying an additional 1,613 shares in the last quarter. Finally, LGT Financial Advisors LLC purchased a new position in Dorchester Minerals in the 3rd quarter valued at approximately $166,000. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dorchester Minerals

In other news, CFO Leslie A. Moriyama purchased 3,218 shares of the company's stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of $32.60 per share, with a total value of $104,906.80. Following the completion of the purchase, the chief financial officer now directly owns 71,400 shares in the company, valued at approximately $2,327,640. This trade represents a 4.72 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bradley J. Ehrman acquired 14,430 shares of Dorchester Minerals stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $34.41 per share, for a total transaction of $496,536.30. Following the completion of the transaction, the chief executive officer now directly owns 29,622 shares in the company, valued at approximately $1,019,293.02. The trade was a 94.98 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 41,152 shares of company stock valued at $1,388,552. Company insiders own 7.10% of the company's stock.

Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP traded down $0.51 during trading on Monday, hitting $33.11. 251,464 shares of the company were exchanged, compared to its average volume of 113,549. The company has a market cap of $1.57 billion, a PE ratio of 11.91 and a beta of 1.09. Dorchester Minerals, L.P. has a 52-week low of $28.41 and a 52-week high of $35.74. The stock has a 50 day moving average of $33.31 and a 200 day moving average of $31.87.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. The firm had revenue of $53.47 million for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

About Dorchester Minerals

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.