Dorchester Minerals (NASDAQ:DMLP) Downgraded to Hold at StockNews.com

Dorchester Minerals (NASDAQ:DMLP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Dorchester Minerals Stock Down 0.7 %

Shares of DMLP stock traded down $0.23 during mid-day trading on Monday, hitting $30.65. 266,864 shares of the stock were exchanged, compared to its average volume of 81,505. The firm has a fifty day moving average of $33.05 and a 200 day moving average of $31.21. Dorchester Minerals has a 52-week low of $27.16 and a 52-week high of $35.74. The company has a market cap of $1.23 billion, a PE ratio of 11.93 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 66.57% and a return on equity of 59.35%. The business had revenue of $50.42 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. purchased a new position in Dorchester Minerals in the 1st quarter valued at about $25,000. Newbridge Financial Services Group Inc. purchased a new position in Dorchester Minerals in the 1st quarter valued at about $34,000. Tower Research Capital LLC TRC lifted its stake in Dorchester Minerals by 240.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock valued at $34,000 after buying an additional 754 shares in the last quarter. Citigroup Inc. lifted its stake in Dorchester Minerals by 4,306.7% in the 3rd quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock valued at $77,000 after buying an additional 2,584 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Dorchester Minerals in the 1st quarter valued at about $110,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Dorchester Minerals Company 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.