Horizon Kinetics Asset Management recently announced the acquisition of new stake in Dorchester Minerals L.P. (NASDAQ:DMLP). The institutional investor has increased its shareholding in the Energy company by 0.01% to 1.03 million shares with purchase of 70.0 shares. This fresh investment now brings its stake to 2.68% valued currently at $30.81 million. In addition, Greenwich Investment Management, raised its holdings by 30125.0 to 0.53 million shares. And Bank of America, NA has lifted its position by 0.15% or 257.0 shares – to 0.17 million shares.
With over 0.13 million Dorchester Minerals L.P. (DMLP) shares trading Friday and a closing price of $31.37 on the day, the dollar volume was approximately $4.11 million. The shares have shown a positive half year performance of 12.60% and its price on 01/20/23 gained nearly 2.68%. Currently, there are 37.56M common shares owned by the public and among those 35.54M shares have been available to trade.
Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 70,099 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 43,050 shares.
The top 3 mutual fund holders in Dorchester Minerals L.P. are Invesco Markets Plc – Morningstar, Royce Value Trust, and Horizon Kinetics Inflation Benefi. Invesco Markets Plc – Morningstar owns 0.4 million shares of the company’s stock, all valued at over $11.94 million. The company sold 39.0 shares recently to bring their total holdings to about 1.04% of the shares outstanding. Horizon Kinetics Inflation Benefi now owns shares totaling to 0.71% of the shares outstanding.
Shares of Dorchester Minerals L.P. (NASDAQ: DMLP) opened at $30.86, up $0.31 from a prior closing price of $30.55. However, the script later moved the day high at 31.37, up 2.68%. The company’s stock has a 5-day price change of 4.57% and 4.36% over the past three months. DMLP shares are trading 4.81% year to date (YTD), with the 12-month market performance up to 42.59% higher. It has a 12-month low price of $21.30 and touched a high of $32.61 over the same period. DMLP has an average intraday trading volume of 94.13K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.09%, 8.05%, and 12.19% respectively.
Institutional ownership of Dorchester Minerals L.P. (NASDAQ: DMLP) shares accounts for 20.60% of the company’s 37.56M shares outstanding. Mutual fund holders own 23.28%, while other institutional holders and individual stakeholders account for 4.08% and 13.85% respectively.
It has a market capitalization of $1.17B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 9.55, while the earnings-per-share (ttm) stands at $3.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.82% over the week and 3.43% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.