Round Rock Advisors LLC Takes $3.88 Million Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Round Rock Advisors LLC bought a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 116,325 shares of the energy company's stock, valued at approximately $3,877,000. Dorchester Minerals comprises 0.8% of Round Rock Advisors LLC's investment portfolio, making the stock its 22nd largest position. Round Rock Advisors LLC owned 0.25% of Dorchester Minerals at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Horizon Kinetics Asset Management LLC lifted its stake in Dorchester Minerals by 0.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company's stock valued at $27,041,000 after buying an additional 5,210 shares during the period. Moors & Cabot Inc. increased its holdings in shares of Dorchester Minerals by 0.6% in the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company's stock worth $3,092,000 after acquiring an additional 639 shares in the last quarter. Independent Advisor Alliance increased its holdings in shares of Dorchester Minerals by 1.4% in the third quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company's stock worth $2,211,000 after acquiring an additional 1,000 shares in the last quarter. Inscription Capital LLC increased its holdings in shares of Dorchester Minerals by 14.8% in the third quarter. Inscription Capital LLC now owns 46,500 shares of the energy company's stock worth $1,402,000 after acquiring an additional 6,000 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 worth $998,000 after acquiring an additional 525 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company's stock.

Dorchester Minerals Price Performance

Shares of Dorchester Minerals stock traded up $0.02 during trading hours on Wednesday, hitting $31.02. The company's stock had a trading volume of 113,636 shares, compared to its average volume of 183,979. Dorchester Minerals, L.P. has a 12 month low of $28.41 and a 12 month high of $35.74. The stock has a 50 day moving average of $33.00 and a 200 day moving average of $31.87. The company has a market capitalization of $1.47 billion, a PE ratio of 11.16 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be issued a dividend of $0.7394 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.53%. Dorchester Minerals's payout ratio is presently 143.17%.

Insider Buying and Selling

In related news, CFO Leslie A. Moriyama purchased 12,050 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $34.41 per share, for a total transaction of $414,640.50. Following the completion of the purchase, the chief financial officer now directly owns 83,450 shares in the company, valued at $2,871,514.50. This trade represents a 16.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Minerals Operating Dorchester purchased 6,500 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $32.21 per share, with a total value of $209,365.00. Following the completion of the purchase, the insider now owns 28,728 shares of the company's stock, valued at approximately $925,328.88. This represents a 29.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 55,152 shares of company stock worth $1,827,077. 7.10% of the stock is owned by corporate insiders.

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.