Bard Associates Inc. maintained its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,735 shares of the energy company’s stock at the end of the second quarter. Bard Associates Inc. owned about 0.18% of Dorchester Minerals, L.P. worth $805,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mraz Amerine & Associates Inc. boosted its stake in 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 acquiring an additional 10,354 shares during the last quarter. Lee Financial Co boosted its stake in 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 acquiring an additional 2,000 shares during the last quarter. Finally, First Manhattan Co. boosted its stake in 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 acquiring an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 13.33% of the company’s stock.
In other news, COO Bradley J. Ehrman acquired 3,208 shares of the company’s stock in a transaction on Friday, June 30th. The stock was bought at an average cost of $14.98 per share, with a total value of $48,055.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Casey Mcmanemin acquired 150,808 shares of the company’s stock in a transaction on Friday, June 30th. The shares were purchased at an average cost of $14.98 per share, with a total value of $2,259,103.84. Following the completion of the purchase, the chief executive officer now directly owns 660,570 shares of the company’s stock, valued at $9,895,338.60. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 264,019 shares of company stock worth $3,944,521. Company insiders own 9.20% of the company’s stock.
Shares of Dorchester Minerals, L.P. (NASDAQ DMLP) opened at 14.40 on Tuesday. The stock has a 50 day moving average of $14.52 and a 200 day moving average of $15.88. Dorchester Minerals, L.P. has a 52-week low of $13.90 and a 52-week high of $19.30. The company 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 issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.26 earnings per share for the quarter. Dorchester Minerals, L.P. had a net margin of 65.28% and a return on equity of 41.71%. The business had revenue of $12.55 million for the quarter.
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DMLP has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. TheStreet upgraded shares of Dorchester Minerals, L.P. from a “c+” rating to a “b” rating in a research note on Friday, May 26th.
Dorchester Minerals, L.P. 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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