Dorchester Minerals, L.P. (NASDAQ:DMLP) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 237,305 shares of the energy company's stock after selling 16,449 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.50% of Dorchester Minerals worth $7,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DMLP. Round Rock Advisors LLC boosted its position in shares of Dorchester Minerals by 140.0% during the 1st quarter. Round Rock Advisors LLC now owns 279,153 shares of the energy company's stock worth $8,397,000 after purchasing an additional 162,828 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Dorchester Minerals during the 4th quarter worth approximately $3,829,000. GraniteShares Advisors LLC lifted its holdings in Dorchester Minerals by 6.5% during the 1st quarter. GraniteShares Advisors LLC now owns 78,002 shares of the energy company's stock worth $2,346,000 after buying an additional 4,730 shares in the last quarter. Texas Yale Capital Corp. lifted its holdings in Dorchester Minerals by 2.8% during the 4th quarter. Texas Yale Capital Corp. now owns 77,300 shares of the energy company's stock worth $2,576,000 after buying an additional 2,100 shares in the last quarter. Finally, Canton Hathaway LLC lifted its holdings in Dorchester Minerals by 249.9% during the 1st quarter. Canton Hathaway LLC now owns 64,640 shares of the energy company's stock worth $1,944,000 after buying an additional 46,165 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Dorchester Minerals from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

Insider Activity

In related news, insider Minerals Operating Dorchester bought 10,000 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were bought at an average cost of $28.76 per share, for a total transaction of $287,600.00. Following the transaction, the insider owned 58,017 shares of the company's stock, valued at approximately $1,668,568.92. This trade represents a 20.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 5.90% of the stock is currently owned by company insiders.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP traded down $0.20 during trading hours on Friday, reaching $27.50. The stock had a trading volume of 77,141 shares, compared to its average volume of 104,711. Dorchester Minerals, L.P. has a 1 year low of $25.84 and a 1 year high of $34.88. The firm's 50 day moving average is $27.73 and its 200-day moving average is $29.58. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.48 and a beta of 0.59.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $0.36 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 52.49% and a return on equity of 28.67%.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $0.7258 per share. The ex-dividend date was Monday, May 5th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 10.56%. Dorchester Minerals's dividend payout ratio (DPR) is 142.16%.

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.