Acadian Asset Management LLC Has $503,000 Stake in Dorchester Minerals LP (NASDAQ:DMLP)
Acadian Asset Management LLC decreased its position in shares of Dorchester Minerals LP (NASDAQ:DMLP) by 23.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,496 shares of the energy company’s stock after selling 8,609 shares during the quarter. Acadian Asset Management LLC’s holdings in Dorchester Minerals were worth $503,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in DMLP. SCW Capital Management LP acquired a new position in shares of Dorchester Minerals during the fourth quarter valued at $11,395,000. JPMorgan Chase & Co. lifted its holdings in Dorchester Minerals by 276.7% in the third quarter. JPMorgan Chase & Co. now owns 210,764 shares of the energy company’s stock worth $4,300,000 after purchasing an additional 154,812 shares during the period. Private Wealth Partners LLC acquired a new stake in Dorchester Minerals in the first quarter worth about $959,000. Joseph P. Lucia & Associates LLC acquired a new stake in Dorchester Minerals in the first quarter worth about $1,470,000. Finally, Morgan Stanley lifted its holdings in Dorchester Minerals by 8.5% in the third quarter. Morgan Stanley now owns 233,170 shares of the energy company’s stock worth $4,757,000 after purchasing an additional 18,228 shares during the period. 16.71% of the stock is owned by institutional investors.
Separately, BidaskClub raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th.
DMLP stock opened at $18.28 on Thursday. The stock has a market capitalization of $637.42 million, a P/E ratio of 11.17 and a beta of 1.02. Dorchester Minerals LP has a fifty-two week low of $14.11 and a fifty-two week high of $21.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 12.50 and a quick ratio of 12.50.
Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.42 earnings per share for the quarter. The business had revenue of $19.03 million during the quarter. Dorchester Minerals had a net margin of 74.48% and a return on equity of 58.74%.
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Dorchester Minerals 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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