Adams Asset Advisors buys $7,409,334 stake in Dorchester Minerals LP (DMLP)

Dorchester Minerals LP (DMLP) : Adams Asset Advisors scooped up 9,000 additional shares in Dorchester Minerals LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 565,598 shares of Dorchester Minerals LP which is valued at $7,409,334.Dorchester Minerals LP makes up approximately 1.34% of Adams Asset Advisors’s portfolio.

Dorchester Minerals LP closed down -0.05 points or -0.38% at $13.05 with 40,892 shares getting traded on Monday. Post opening the session at $12.7, the shares hit an intraday low of $12.32 and an intraday high of $13.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Simplex Trading added DMLP to its portfolio by purchasing 635 company shares during the most recent quarter which is valued at $8,319.

Dorchester Minerals L.P. is engaged in the acquisition ownership and administration of Royalty Properties and Net Profits Interests (NPIs). The Royalty Properties consist of producing and non-producing mineral royalty overriding royalty net profits and leasehold interests located in approximately 574 counties and parishes in 25 states. The NPIs represent net profits overriding royalty interests in various properties owned by the Company. Wells with such overlapping interests are counted in both categories. It owns NPIs in 12 states and 65 counties/parishes covering 144000 gross acres and 81000 net acres. . In some wells the Company owns both a royalty interest and a net profits interest. The Company owns varying undivided perpetual mineral interests in approximately 70000/9000 gross/net acres located in Burke Divide Dunn McKenzie Mountrail and Williams Counties North Dakota of Horizontal Bakken Williston Basin.

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