Texas Yale Capital Corp. Purchases 27,500 Shares of Dorchester Minerals, L.P. $DMLP

Texas Yale Capital Corp. increased its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 15.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 201,500 shares of the energy company’s stock after acquiring an additional 27,500 shares during the quarter. Texas Yale Capital Corp.’s holdings in Dorchester Minerals were worth $4,506,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Adams Asset Advisors LLC boosted its stake in Dorchester Minerals by 9.1% in the 4th quarter. Adams Asset Advisors LLC now owns 814,852 shares of the energy company’s stock worth $18,220,000 after purchasing an additional 68,177 shares in the last quarter. Hollow Brook Wealth Management LLC bought a new position in Dorchester Minerals in the 3rd quarter worth about $20,790,000. First Trust Advisors LP raised its position in Dorchester Minerals by 15.8% in the 3rd quarter. First Trust Advisors LP now owns 189,500 shares of the energy company’s stock worth $4,906,000 after buying an additional 25,923 shares during the last quarter. Bank of America Corp DE raised its position in Dorchester Minerals by 20.6% in the 2nd quarter. Bank of America Corp DE now owns 183,697 shares of the energy company’s stock worth $5,118,000 after buying an additional 31,344 shares during the last quarter. Finally, GraniteShares Advisors LLC raised its position in Dorchester Minerals by 34.2% in the 4th quarter. GraniteShares Advisors LLC now owns 122,472 shares of the energy company’s stock worth $2,738,000 after buying an additional 31,226 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

Insider Activity

In other Dorchester Minerals news, CEO Bradley J. Ehrman purchased 4,000 shares of Dorchester Minerals stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $26.78 per share, with a total value of $107,120.00. Following the transaction, the chief executive officer directly owned 142,723 shares of the company’s stock, valued at $3,822,121.94. This trade represents a 2.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $28.30 per share, with a total value of $212,250.00. Following the transaction, the insider directly owned 62,517 shares in the company, valued at approximately $1,769,231.10. The trade was a 13.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 5.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP opened at $27.08 on Friday. Dorchester Minerals, L.P. has a fifty-two week low of $20.85 and a fifty-two week high of $28.95. The business has a 50-day simple moving average of $27.63 and a two-hundred day simple moving average of $25.24. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 19.48 and a beta of 0.56.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. Dorchester Minerals had a net margin of 40.85% and a return on equity of 22.11%. The firm had revenue of $58.88 million during the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 4th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.90 annualized dividend and a dividend yield of 7.0%. Dorchester Minerals’s dividend payout ratio is presently 136.69%.

About Dorchester Minerals

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.