Penn Davis Mcfarland Inc. Decreases Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Penn Davis Mcfarland Inc. trimmed its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 61.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,665 shares of the energy company’s stock after selling 18,280 shares during the period. Penn Davis Mcfarland Inc.’s holdings in Dorchester Minerals were worth $389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DMLP. Hsbc Holdings PLC bought a new stake in shares of Dorchester Minerals in the 2nd quarter worth approximately $308,000. Magnolia Capital Advisors LLC bought a new stake in shares of Dorchester Minerals in the second quarter valued at $482,000. HWG Holdings LP bought a new stake in shares of Dorchester Minerals in the second quarter valued at $30,000. Atomi Financial Group Inc. lifted its position in shares of Dorchester Minerals by 29.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after buying an additional 1,954 shares during the last quarter. Finally, MADDEN SECURITIES Corp bought a new position in shares of Dorchester Minerals during the 3rd quarter worth $223,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Dorchester Minerals Stock Performance

Shares of Dorchester Minerals stock opened at $33.11 on Monday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 11.91 and a beta of 1.09. Dorchester Minerals, L.P. has a 52-week low of $28.41 and a 52-week high of $35.74. The stock’s 50-day simple moving average is $33.31 and its 200 day simple moving average is $31.87.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. The firm had revenue of $53.47 million during the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%.

Insider Activity at Dorchester Minerals

In related news, CFO Leslie A. Moriyama bought 12,050 shares of Dorchester Minerals stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $34.41 per share, with a total value of $414,640.50. Following the acquisition, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at $2,871,514.50. This represents a 16.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Minerals Operating Dorchester purchased 6,500 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $32.21 per share, for a total transaction of $209,365.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 41,152 shares of company stock worth $1,388,552. Corporate insiders own 7.10% 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.