Towerpoint Wealth LLC Acquires 989 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Towerpoint Wealth LLC boosted its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,423 shares of the energy company’s stock after purchasing an additional 989 shares during the period. Towerpoint Wealth LLC owned about 0.08% of Dorchester Minerals worth $1,026,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of Dorchester Minerals in the 1st quarter worth approximately $25,000. Tower Research Capital LLC TRC raised its stake in shares of Dorchester Minerals by 240.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock valued at $34,000 after buying an additional 754 shares during the period. Citigroup Inc. lifted its position in shares of Dorchester Minerals by 4,306.7% during the 3rd quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock valued at $77,000 after buying an additional 2,584 shares during the last quarter. Arlington Trust Co LLC bought a new position in shares of Dorchester Minerals during the 4th quarter worth $108,000. Finally, Samalin Investment Counsel LLC purchased a new stake in Dorchester Minerals in the 3rd quarter worth about $224,000. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Stock Up 0.8 %

DMLP traded up $0.25 on Thursday, hitting $30.89. The company’s stock had a trading volume of 38,514 shares, compared to its average volume of 72,890. Dorchester Minerals, L.P. has a 12 month low of $27.16 and a 12 month high of $35.74. The firm has a market cap of $1.24 billion, a P/E ratio of 11.92 and a beta of 1.10. The company’s 50 day simple moving average is $32.09 and its 200-day simple moving average is $31.98.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.44 EPS for the quarter. Dorchester Minerals had a return on equity of 59.35% and a net margin of 66.57%. The firm had revenue of $30.98 million during the quarter.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Monday, April 29th were given a dividend of $0.782 per share. This represents a $3.13 annualized dividend and a dividend yield of 10.13%. The ex-dividend date of this dividend was Friday, April 26th. Dorchester Minerals’s dividend payout ratio is presently 121.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a report on Monday, May 6th.

Insider Transactions at Dorchester Minerals

In other news, CEO Bradley J. Ehrman acquired 2,800 shares of Dorchester Minerals stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average price of $29.50 per share, with a total value of $82,600.00. Following the completion of the purchase, the chief executive officer now owns 102,737 shares in the company, valued at $3,030,741.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 2,800 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average price of $29.50 per share, for a total transaction of $82,600.00. Following the completion of the transaction, the chief executive officer now owns 102,737 shares of the company’s stock, valued at approximately $3,030,741.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Minerals Operating Dorchester bought 6,000 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average price of $31.88 per share, with a total value of $191,280.00. Following the completion of the transaction, the insider now owns 54,574 shares of the company’s stock, valued at $1,739,819.12. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 11,230 shares of company stock valued at $351,008. 7.10% of the stock is currently owned by corporate insiders.

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.