Dorchester Minerals, L.P. (DMLP) Holdings Maintained by Fiduciary Trust Co.
Fiduciary Trust Co. continued to hold its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,250 shares of the energy company’s stock at the close of the 2nd quarter. Fiduciary Trust Co.’s holdings in Dorchester Minerals, L.P. were worth $163,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Manhattan Co. grew its holdings in shares of Dorchester Minerals, L.P. by 4.7% in the second quarter. First Manhattan Co. now owns 16,650 shares of the energy company’s stock valued at $240,000 after purchasing an additional 750 shares during the period. Lee Financial Co grew its holdings in shares of Dorchester Minerals, L.P. by 9.5% in the second quarter. Lee Financial Co now owns 23,001 shares of the energy company’s stock valued at $332,000 after purchasing an additional 2,000 shares during the period. Finally, Mraz Amerine & Associates Inc. grew its holdings in shares of Dorchester Minerals, L.P. by 38.6% in the second quarter. Mraz Amerine & Associates Inc. now owns 37,170 shares of the energy company’s stock valued at $537,000 after purchasing an additional 10,354 shares during the period. 13.33% of the stock is owned by hedge funds and other institutional investors.
DMLP has been the subject of several research analyst reports. TheStreet lowered shares of Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. BidaskClub lowered shares of Dorchester Minerals, L.P. from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.
Dorchester Minerals, L.P. (NASDAQ:DMLP) opened at 14.40 on Wednesday. The firm’s 50-day moving average is $14.52 and its 200 day moving average is $15.87. Dorchester Minerals, L.P. has a 52 week low of $13.90 and a 52 week high of $19.30. The stock has a market cap of $464.82 million, a price-to-earnings ratio of 15.03 and a beta of 0.80.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.26 EPS for the quarter. Dorchester Minerals, L.P. had a net margin of 65.28% and a return on equity of 41.71%. The company had revenue of $12.55 million during the quarter.
In related news, Vice Chairman James E. Raley acquired 19,252 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was bought at an average price of $14.98 per share, with a total value of $288,394.96. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Minerals Operating Dorchester acquired 18,900 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of $14.48 per share, with a total value of $273,672.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 264,019 shares of company stock valued at $3,944,521. Corporate insiders own 9.20% of the company’s stock.
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Dorchester Minerals, L.P. Company Profile
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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