Towerpoint Wealth LLC Trims Stock Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Towerpoint Wealth LLC trimmed its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 75.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,329 shares of the energy company's stock after selling 22,774 shares during the quarter. Towerpoint Wealth LLC's holdings in Dorchester Minerals were worth $220,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Graney & King LLC purchased a new position in shares of Dorchester Minerals in the 4th quarter valued at approximately $28,000. Tower Research Capital LLC TRC raised its position in Dorchester Minerals by 638.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock worth $37,000 after buying an additional 952 shares during the last quarter. JPMorgan Chase & Co. raised its position in Dorchester Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock worth $44,000 after buying an additional 556 shares during the last quarter. Virtus ETF Advisers LLC raised its position in Dorchester Minerals by 7.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock worth $191,000 after buying an additional 402 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in Dorchester Minerals during the 4th quarter worth approximately $200,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 10,000 shares of the stock in a transaction on Wednesday, April 30th. The shares were bought at an average price of $28.76 per share, with a total value of $287,600.00. Following the purchase, the insider now directly owns 58,017 shares in the company, valued at $1,668,568.92. This trade represents a 20.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.90% of the stock is owned by corporate insiders.

Dorchester Minerals Price Performance

DMLP traded up $0.04 during trading on Thursday, reaching $27.38. 23,977 shares of the company's stock were exchanged, compared to its average volume of 100,648. Dorchester Minerals, L.P. has a 1 year low of $25.84 and a 1 year high of $34.88. The stock has a market capitalization of $1.30 billion, a P/E ratio of 12.92 and a beta of 0.62. The company's fifty day simple moving average is $28.32 and its 200-day simple moving average is $30.79.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy company reported $0.36 EPS for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.7258 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.90 dividend on an annualized basis and a yield of 10.60%. Dorchester Minerals's dividend payout ratio is currently 142.16%.

Wall Street Analysts Forecast Growth

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

Dorchester Minerals 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.