Inscription Capital LLC Acquires 6,000 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Inscription Capital LLC grew its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 14.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,500 shares of the energy company’s stock after acquiring an additional 6,000 shares during the period. Inscription Capital LLC owned 0.12% of Dorchester Minerals worth $1,402,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in shares of Dorchester Minerals during the 2nd quarter worth $30,000. Perkins Coie Trust Co bought a new stake in shares of Dorchester Minerals during the 2nd quarter worth $31,000. TCTC Holdings LLC bought a new stake in shares of Dorchester Minerals during the 1st quarter worth $67,000. BNP Paribas Financial Markets bought a new stake in shares of Dorchester Minerals during the 1st quarter worth $110,000. Finally, InterOcean Capital Group LLC acquired a new position in Dorchester Minerals during the 1st quarter valued at $211,000. 19.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Dorchester Minerals Trading Down 1.3 %

NASDAQ:DMLP traded down $0.42 during trading hours on Monday, hitting $31.17. 45,079 shares of the company traded hands, compared to its average volume of 67,744. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.68 and a beta of 1.10. Dorchester Minerals, L.P. has a twelve month low of $27.16 and a twelve month high of $35.74. The firm has a 50-day moving average of $30.87 and a 200 day moving average of $31.46.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, August 1st. The energy company reported $0.57 EPS for the quarter. Dorchester Minerals had a net margin of 66.16% and a return on equity of 59.40%. The firm had revenue of $37.36 million during the quarter.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Monday, October 28th will be paid a $0.996 dividend. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Monday, October 28th. This represents a $3.98 dividend on an annualized basis and a dividend yield of 12.78%. Dorchester Minerals’s dividend payout ratio is currently 154.86%.

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.