Kingsview Wealth Management LLC Sells 11,731 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Kingsview Wealth Management LLC lowered its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 4.3% during the third quarter, HoldingsChannel reports. The fund owned 264,113 shares of the energy company’s stock after selling 11,731 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Dorchester Minerals were worth $7,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in Dorchester Minerals during the third quarter worth $300,000. GraniteShares Advisors LLC increased its holdings in Dorchester Minerals by 14.2% in the 2nd quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock valued at $1,874,000 after buying an additional 7,576 shares during the period. Atomi Financial Group Inc. increased its holdings in Dorchester Minerals by 7.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after buying an additional 459 shares during the period. BNP Paribas Financial Markets bought a new stake in Dorchester Minerals in the 1st quarter valued at $110,000. Finally, Magnolia Capital Advisors LLC bought a new stake in Dorchester Minerals in the 2nd quarter valued at $482,000. Institutional investors own 19.21% of the company’s stock.

Insider Activity

In other news, CFO Leslie A. Moriyama bought 3,218 shares of Dorchester Minerals stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $32.60 per share, for a total transaction of $104,906.80. Following the purchase, the chief financial officer now owns 71,400 shares of the company’s stock, valued at approximately $2,327,640. This trade represents a 4.72 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.10% of the stock is owned by corporate insiders.

Dorchester Minerals Price Performance

Shares of Dorchester Minerals stock opened at $33.74 on Friday. The firm has a market capitalization of $1.60 billion, a PE ratio of 12.14 and a beta of 1.09. The company’s fifty day moving average price is $31.89 and its two-hundred day moving average price is $31.39. Dorchester Minerals, L.P. has a 52-week low of $28.40 and a 52-week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results 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 for 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. Stockholders of record on Monday, October 28th were paid a $0.996 dividend. This represents a $3.98 annualized dividend and a dividend yield of 11.81%. The ex-dividend date of this dividend was Monday, October 28th. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s payout ratio is currently 143.17%.

Wall Street Analyst Weigh In

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

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.