O Brien Greene & Co. Inc Lowers Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

O Brien Greene & Co. Inc decreased its position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 22.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,618 shares of the energy company’s stock after selling 10,586 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Dorchester Minerals were worth $1,104,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC grew its position in shares of Dorchester Minerals by 0.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock valued at $27,041,000 after purchasing an additional 5,210 shares during the period. Moors & Cabot Inc. grew its holdings in Dorchester Minerals by 0.6% in the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after buying an additional 639 shares during the period. Independent Advisor Alliance increased its stake in shares of Dorchester Minerals by 1.4% during the 3rd quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock valued at $2,211,000 after acquiring an additional 1,000 shares during the last quarter. GraniteShares Advisors LLC lifted its holdings in shares of Dorchester Minerals by 14.2% during the 2nd quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock worth $1,874,000 after acquiring an additional 7,576 shares during the period. Finally, Inscription Capital LLC boosted its position in shares of Dorchester Minerals by 14.8% in the third quarter. Inscription Capital LLC now owns 46,500 shares of the energy company’s stock worth $1,402,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Stock Up 0.2 %

Shares of DMLP opened at $33.22 on Monday. Dorchester Minerals, L.P. has a fifty-two week low of $28.41 and a fifty-two week high of $35.74. The company’s fifty day moving average is $32.59 and its two-hundred day moving average is $31.50. The firm has a market cap of $1.57 billion, a PE ratio of 11.95 and a beta of 1.10.

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

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were paid a dividend of $0.996 per share. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 annualized dividend and a yield of 11.99%. The ex-dividend date was Monday, October 28th. Dorchester Minerals’s payout ratio is currently 143.17%.

Insider Transactions at Dorchester Minerals

In related news, CEO Bradley J. Ehrman purchased 14,430 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $34.41 per share, for a total transaction of $496,536.30. Following the acquisition, the chief executive officer now directly owns 29,622 shares in the company, valued at $1,019,293.02. The trade was a 94.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Leslie A. Moriyama acquired 12,050 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the purchase, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at approximately $2,871,514.50. This trade represents a 16.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 29,698 shares of company stock valued at $1,016,084 over the last 90 days. Corporate insiders own 7.10% of the company’s stock.

Dorchester Minerals Company 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.