Dorchester Minerals LP (NASDAQ:DMLP) is Botty Investors LLC’s 9th Largest Position

Botty Investors LLC grew its position in Dorchester Minerals LP (NASDAQ:DMLP) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 308,380 shares of the energy company’s stock after purchasing an additional 1,150 shares during the period. Dorchester Minerals makes up 1.7% of Botty Investors LLC’s holdings, making the stock its 9th largest position. Botty Investors LLC owned approximately 0.89% of Dorchester Minerals worth $5,631,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Dorchester Minerals by 276.7% in the third quarter. JPMorgan Chase & Co. now owns 210,764 shares of the energy company’s stock valued at $4,300,000 after purchasing an additional 154,812 shares during the period. Morgan Stanley raised its position in Dorchester Minerals by 8.5% in the third quarter. Morgan Stanley now owns 233,170 shares of the energy company’s stock valued at $4,757,000 after purchasing an additional 18,228 shares during the period. Acadian Asset Management LLC raised its position in Dorchester Minerals by 5.1% in the fourth quarter. Acadian Asset Management LLC now owns 36,105 shares of the energy company’s stock valued at $529,000 after purchasing an additional 1,742 shares during the period. Mraz Amerine & Associates Inc. raised its position in Dorchester Minerals by 2.2% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 68,976 shares of the energy company’s stock valued at $1,010,000 after purchasing an additional 1,500 shares during the period. Finally, Advisor Group Inc. raised its position in Dorchester Minerals by 694.0% in the fourth quarter. Advisor Group Inc. now owns 4,780 shares of the energy company’s stock valued at $70,000 after purchasing an additional 4,178 shares during the period. 16.71% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO Bradley J. Ehrman acquired 5,773 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $18.89 per share, with a total value of $109,051.97. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Minerals Operating Dorchester acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was purchased at an average cost of $18.66 per share, with a total value of $37,320.00. The disclosure for this purchase can be found here. Insiders bought 23,940 shares of company stock valued at $445,313 over the last ninety days. Insiders own 9.40% of the company’s stock.

Separately, BidaskClub downgraded Dorchester Minerals from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st.

NASDAQ:DMLP traded up $0.16 on Wednesday, reaching $18.32. The company’s stock had a trading volume of 20,400 shares, compared to its average volume of 41,349. Dorchester Minerals LP has a 12-month low of $14.11 and a 12-month high of $21.15. The company has a current ratio of 12.50, a quick ratio of 12.50 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $18.63. The firm has a market capitalization of $638.11 million, a price-to-earnings ratio of 10.75 and a beta of 1.03.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.42 earnings per share for the quarter. Dorchester Minerals had a return on equity of 58.74% and a net margin of 74.48%. The business had revenue of $19.03 million during the quarter.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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Institutional Ownership by Quarter for Dorchester Minerals (NASDAQ:DMLP)

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