Raymond James Financial Inc. Makes New Investment in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Raymond James Financial Inc. bought a new stake in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,484 shares of the energy company's stock, valued at approximately $783,000.

A number of other institutional investors have also modified their holdings of DMLP. JPMorgan Chase & Co. lifted its stake in Dorchester Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock worth $44,000 after acquiring an additional 556 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth about $228,000. Flagship Harbor Advisors LLC boosted its stake in shares of Dorchester Minerals by 3.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 8,787 shares of the energy company's stock valued at $293,000 after purchasing an additional 302 shares during the period. HighTower Advisors LLC boosted 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 valued at $348,000 after purchasing an additional 3,192 shares during the period. Finally, MADDEN SECURITIES Corp increased its stake in Dorchester Minerals by 54.2% during the 4th quarter. MADDEN SECURITIES Corp now owns 11,382 shares of the energy company's stock worth $379,000 after buying an additional 4,000 shares during the period. 19.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dorchester Minerals Stock Performance

DMLP stock traded down $1.10 during mid-day trading on Thursday, reaching $27.23. The company had a trading volume of 107,275 shares, compared to its average volume of 95,413. The firm has a fifty day simple moving average of $30.18 and a 200 day simple moving average of $31.77. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.84 and a beta of 0.79. Dorchester Minerals, L.P. has a fifty-two week low of $25.84 and a fifty-two week high of $35.25.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share (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 firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 10.86%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals's dividend payout ratio is presently 139.15%.

Insiders Place Their Bets

In other news, insider Minerals Operating Dorchester acquired 6,500 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $30.90 per share, with a total value of $200,850.00. Following the completion of the acquisition, the insider now owns 47,682 shares of the company's stock, valued at $1,473,373.80. The trade was a 15.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bradley J. Ehrman bought 3,356 shares of the stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the completion of the transaction, the chief executive officer now owns 117,710 shares of the company's stock, valued at approximately $3,507,758. The trade was a 2.93 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 17,691 shares of company stock valued at $548,939 in the last ninety days. Insiders own 5.90% of the company's stock.

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.