GSA Capital Partners LLP Decreases Stock Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

GSA Capital Partners LLP trimmed its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,521 shares of the energy company’s stock after selling 1,091 shares during the quarter. GSA Capital Partners LLP’s holdings in Dorchester Minerals were worth $558,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Albert D Mason Inc. lifted its position in shares of Dorchester Minerals by 1.3% in the 2nd quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock worth $907,000 after buying an additional 382 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Dorchester Minerals by 7.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after acquiring an additional 459 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Dorchester Minerals by 3.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock worth $734,000 after acquiring an additional 688 shares during the period. Redhawk Wealth Advisors Inc. increased its holdings in shares of Dorchester Minerals by 7.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock worth $291,000 after acquiring an additional 701 shares during the period. Finally, HWG Holdings LP acquired a new position in Dorchester Minerals during the 2nd quarter valued at about $30,000. 19.21% of the stock is currently owned by institutional investors.

Insider Activity

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

Dorchester Minerals Trading Up 0.0 %

Dorchester Minerals stock opened at $33.30 on Wednesday. Dorchester Minerals, L.P. has a 52 week low of $27.90 and a 52 week high of $35.74. The company’s 50-day moving average price is $31.64 and its two-hundred day moving average price is $31.34. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 11.98 and a beta of 1.09.

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

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders 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 annualized dividend and a dividend yield of 11.96%. Dorchester Minerals’s dividend payout ratio (DPR) is 143.17%.

Analysts Set New Price Targets

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

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.