Freestone Capital Holdings LLC Has $1.05 Million Position in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Freestone Capital Holdings LLC cut its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 59.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,560 shares of the energy company’s stock after selling 45,389 shares during the quarter. Freestone Capital Holdings LLC owned approximately 0.07% of Dorchester Minerals worth $1,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DMLP. Round Rock Advisors LLC acquired a new stake in shares of Dorchester Minerals in the fourth quarter valued at $3,877,000. Burford Brothers Inc. acquired a new stake in shares of Dorchester Minerals in the fourth quarter valued at $976,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Dorchester Minerals in the fourth quarter valued at $837,000. Raymond James Financial Inc. acquired a new stake in shares of Dorchester Minerals in the fourth quarter valued at $783,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Dorchester Minerals in the fourth quarter valued at $650,000. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Dorchester Minerals Stock Down 0.9 %

Dorchester Minerals stock opened at $29.62 on Friday. The business’s 50-day simple moving average is $32.23 and its 200 day simple moving average is $31.96. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 13.97 and a beta of 1.07. Dorchester Minerals, L.P. has a 12-month low of $28.25 and a 12-month high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $39.71 million for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were issued a $0.7394 dividend. This represents a $2.96 annualized dividend and a yield of 9.99%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is 139.15%.

Insider Activity at Dorchester Minerals

In related news, insider Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $32.21 per share, for a total transaction of $209,365.00. Following the completion of the acquisition, the insider now owns 28,728 shares in the company, valued at approximately $925,328.88. This represents a 29.24 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley J. Ehrman bought 3,356 shares of Dorchester Minerals stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the acquisition, the chief executive officer now owns 117,710 shares of the company’s stock, valued at approximately $3,507,758. The trade was a 2.93 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 29,145 shares of company stock worth $921,407 over the last 90 days. Insiders own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

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.