Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock Holdings Lessened by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 5.6% during the third quarter, HoldingsChannel.com reports. The firm owned 18,521 shares of the energy company’s stock after selling 1,091 shares during the period. GSA Capital Partners LLP’s holdings in Dorchester Minerals were worth $558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DMLP. Freestone Capital Holdings LLC grew its holdings in shares of Dorchester Minerals by 182.5% during the 1st quarter. Freestone Capital Holdings LLC now owns 46,619 shares of the energy company’s stock valued at $1,572,000 after acquiring an additional 30,119 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in shares of Dorchester Minerals during the 2nd quarter valued at $482,000. Hsbc Holdings PLC purchased a new position in shares of Dorchester Minerals during the 2nd quarter valued at $308,000. Exchange Traded Concepts LLC purchased a new position in shares of Dorchester Minerals during the 3rd quarter valued at $300,000. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of Dorchester Minerals during the 2nd quarter valued at $276,000. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Dorchester Minerals Trading Up 0.0 %

Shares of NASDAQ:DMLP opened at $33.30 on Wednesday. The stock has a market capitalization of $1.58 billion, a PE ratio of 11.98 and a beta of 1.09. Dorchester Minerals, L.P. has a 1 year low of $27.90 and a 1 year high of $35.74. The firm has a fifty day moving average price of $31.64 and a 200 day moving average price of $31.34.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. The firm had revenue of $53.47 million during the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were given a dividend of $0.996 per share. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, October 28th. This represents a $3.98 dividend on an annualized basis and a yield of 11.96%. Dorchester Minerals’s payout ratio is currently 143.17%.

Insiders Place Their Bets

In other news, CFO Leslie A. Moriyama bought 3,218 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of $32.60 per share, with a total value of $104,906.80. Following the transaction, the chief financial officer now directly owns 71,400 shares in the company, valued at approximately $2,327,640. The trade was a 4.72 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.

About Dorchester Minerals

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.