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

Requisite Capital Management LLC increased its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 12.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,600 shares of the energy company’s stock after buying an additional 3,600 shares during the quarter. Dorchester Minerals accounts for about 0.2% of Requisite Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Requisite Capital Management LLC owned 0.08% of Dorchester Minerals worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of DMLP. Greenwich Investment Management Inc. raised its position in Dorchester Minerals by 7.5% in the 4th quarter. Greenwich Investment Management Inc. now owns 532,089 shares of the energy company’s stock valued at $16,936,000 after purchasing an additional 36,965 shares during the last quarter. ING Groep NV raised its position in shares of Dorchester Minerals by 36.0% during the fourth quarter. ING Groep NV now owns 121,000 shares of the energy company’s stock worth $3,851,000 after acquiring an additional 32,000 shares during the last quarter. Citigroup Inc. raised its position in shares of Dorchester Minerals by 4,306.7% during the third quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock worth $77,000 after acquiring an additional 2,584 shares during the last quarter. HWG Holdings LP bought a new stake in shares of Dorchester Minerals during the fourth quarter worth $318,000. Finally, Alps Advisors Inc. raised its position in shares of Dorchester Minerals by 8.5% during the third quarter. Alps Advisors Inc. now owns 11,893 shares of the energy company’s stock worth $345,000 after acquiring an additional 933 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 6,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average cost of $31.88 per share, with a total value of $191,280.00. Following the completion of the purchase, the insider now owns 54,574 shares in the company, valued at $1,739,819.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Bradley J. Ehrman bought 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Minerals Operating Dorchester bought 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of $31.88 per share, for a total transaction of $191,280.00. Following the acquisition, the insider now directly owns 54,574 shares of the company’s stock, valued at approximately $1,739,819.12. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 11,230 shares of company stock valued at $351,008. Company insiders own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dorchester Minerals Stock Up 1.1 %

Shares of Dorchester Minerals stock traded up $0.34 during trading on Tuesday, reaching $31.58. 58,455 shares of the company were exchanged, compared to its average volume of 72,131. Dorchester Minerals, L.P. has a twelve month low of $27.16 and a twelve month high of $35.74. The business has a 50-day moving average price of $31.85 and a 200-day moving average price of $32.01. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.29 and a beta of 1.11.

Dorchester Minerals (NASDAQ:DMLP) last announced 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 during the quarter.

Dorchester Minerals Cuts Dividend

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