Kingsview Wealth Management LLC Sells 10,359 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Kingsview Wealth Management LLC decreased its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 253,754 shares of the energy company’s stock after selling 10,359 shares during the period. Kingsview Wealth Management LLC owned approximately 0.54% of Dorchester Minerals worth $8,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DMLP. Geode Capital Management LLC grew its holdings in Dorchester Minerals by 4.7% in the third quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company’s stock worth $749,000 after purchasing an additional 1,109 shares during the period. Round Rock Advisors LLC purchased a new position in shares of Dorchester Minerals in the 4th quarter worth about $3,877,000. HighTower Advisors LLC boosted its stake in Dorchester Minerals by 38.4% in the 3rd quarter. HighTower Advisors LLC now owns 11,515 shares of the energy company’s stock worth $348,000 after purchasing an additional 3,192 shares in the last quarter. Burford Brothers Inc. bought a new stake in Dorchester Minerals during the 4th quarter valued at about $976,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Dorchester Minerals in the third quarter worth approximately $300,000. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Trading Down 0.2 %

DMLP stock opened at $31.34 on Friday. Dorchester Minerals, L.P. has a 12-month low of $28.41 and a 12-month high of $35.74. The stock’s 50 day simple moving average is $32.82 and its 200 day simple moving average is $31.86. The stock has a market capitalization of $1.48 billion, a PE ratio of 11.27 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.7394 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.44%. Dorchester Minerals’s dividend payout ratio is presently 106.47%.

Insider Activity

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $30.90 per share, for a total transaction of $200,850.00. Following the completion of the transaction, the insider now owns 47,682 shares of the company’s stock, valued at $1,473,373.80. This represents a 15.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Leslie A. Moriyama purchased 3,218 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were acquired 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 directly owns 71,400 shares in the company, valued at approximately $2,327,640. The trade was a 4.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 55,487 shares of company stock valued at $1,837,482 in the last ninety days. 7.10% of the stock is currently owned by company insiders.

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.