10,257 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Acquired by Howland Capital Management LLC

Howland Capital Management LLC purchased a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,257 shares of the energy company’s stock, valued at approximately $346,000.

A number of other institutional investors and hedge funds have also modified their holdings of DMLP. Mather Group LLC. bought a new stake in shares of Dorchester Minerals during the first quarter worth approximately $25,000. Newbridge Financial Services Group Inc. bought a new stake in Dorchester Minerals in the first quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its stake in Dorchester Minerals by 240.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock valued at $34,000 after purchasing an additional 754 shares in the last quarter. Citigroup Inc. increased its stake in Dorchester Minerals by 4,306.7% in the third quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock valued at $77,000 after purchasing an additional 2,584 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in Dorchester Minerals in the fourth quarter valued at approximately $108,000. 19.21% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Bradley J. Ehrman purchased 2,800 shares of Dorchester Minerals stock in a transaction dated Monday, June 17th. The stock was bought at an average price of $29.50 per share, for a total transaction of $82,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 102,737 shares of the company’s stock, valued at $3,030,741.50. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Dorchester Minerals news, CEO Bradley J. Ehrman bought 2,800 shares of Dorchester Minerals stock in a transaction that occurred on Monday, June 17th. The stock was acquired at an average price of $29.50 per share, for a total transaction of $82,600.00. Following the completion of the acquisition, the chief executive officer now owns 102,737 shares of the company’s stock, valued at approximately $3,030,741.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Leslie A. Moriyama bought 2,430 shares of Dorchester Minerals stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average price of $31.74 per share, with a total value of $77,128.20. Following the acquisition, the chief financial officer now directly owns 68,182 shares of the company’s stock, valued at approximately $2,164,096.68. The disclosure for this purchase can be found here. Insiders purchased 11,230 shares of company stock worth $351,008 over the last quarter. 7.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

Dorchester Minerals Stock Performance

NASDAQ:DMLP traded down $0.01 during trading hours on Friday, hitting $32.05. The stock had a trading volume of 13 shares, compared to its average volume of 70,338. Dorchester Minerals, L.P. has a one year low of $27.16 and a one year high of $35.74. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 12.47 and a beta of 1.11. The business’s 50 day moving average is $31.60 and its 200-day moving average is $32.01.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.44 earnings per share for the quarter. The company had revenue of $30.98 million during the quarter. Dorchester Minerals had a net margin of 66.57% and a return on equity of 59.35%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Monday, April 29th were issued a $0.782 dividend. This represents a $3.13 annualized dividend and a dividend yield of 9.76%. The ex-dividend date of this dividend was Friday, April 26th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 121.79%.

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.