Requisite Capital Management LLC Buys 3,600 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Requisite Capital Management LLC grew its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 12.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 31,600 shares of the energy company’s stock after purchasing an additional 3,600 shares during the period. Dorchester Minerals comprises approximately 0.2% of Requisite Capital Management LLC’s portfolio, making the stock its 26th biggest position. Requisite Capital Management LLC’s holdings in Dorchester Minerals were worth $1,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Towerpoint Wealth LLC grew its holdings in shares of Dorchester Minerals by 3.4% in the first quarter. Towerpoint Wealth LLC now owns 30,423 shares of the energy company’s stock valued at $1,026,000 after acquiring an additional 989 shares in the last quarter. Inscription Capital LLC grew its holdings in shares of Dorchester Minerals by 20.9% in the first quarter. Inscription Capital LLC now owns 40,500 shares of the energy company’s stock valued at $1,394,000 after acquiring an additional 7,000 shares in the last quarter. Mather Group LLC. bought a new position in shares of Dorchester Minerals in the first quarter valued at approximately $25,000. Greenwich Investment Management Inc. grew its holdings in shares of Dorchester Minerals by 7.5% in the fourth quarter. Greenwich Investment Management Inc. now owns 532,089 shares of the energy company’s stock valued at $16,936,000 after acquiring an additional 36,965 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted 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 during the last quarter. 19.21% of the stock is owned by institutional investors.

Dorchester Minerals Stock Up 1.1 %

Dorchester Minerals stock traded up $0.34 during trading on Tuesday, hitting $31.58. The stock had a trading volume of 58,455 shares, compared to its average volume of 72,131. Dorchester Minerals, L.P. has a 1 year low of $27.16 and a 1 year high of $35.74. The stock’s 50 day moving average is $31.85 and its two-hundred day moving average is $32.01. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 12.29 and a beta of 1.11.

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

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Monday, April 29th were given a dividend of $0.782 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $3.13 annualized dividend and a dividend yield of 9.91%. Dorchester Minerals’s dividend payout ratio is currently 121.79%.

Insiders Place Their Bets

In related news, CEO Bradley J. Ehrman bought 2,800 shares of the company’s stock in a transaction on Monday, June 17th. The shares were purchased at an average price of $29.50 per share, for a total transaction of $82,600.00. Following the completion of the transaction, the chief executive officer now directly owns 102,737 shares in the company, valued at approximately $3,030,741.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Bradley J. Ehrman bought 2,800 shares of the company’s stock in a transaction on Monday, June 17th. The shares were purchased at an average price of $29.50 per share, for a total transaction of $82,600.00. Following the completion of the transaction, the chief executive officer now directly owns 102,737 shares in the company, valued at approximately $3,030,741.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Leslie A. Moriyama bought 2,430 shares of the company’s stock in a transaction on Friday, May 17th. The shares were bought at an average price of $31.74 per share, for a total transaction of $77,128.20. Following the transaction, the chief financial officer now owns 68,182 shares of the company’s stock, valued at $2,164,096.68. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,230 shares of company stock worth $351,008 over the last 90 days. Corporate insiders own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dorchester Minerals Profile

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.