10,983 Shares in Dorchester Minerals, L.P. (NASDAQ:DMLP) Purchased by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC bought a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) in the 3rd quarter, HoldingsChannel reports. The fund bought 10,983 shares of the energy company’s stock, valued at approximately $331,000.

Several other large investors also recently made changes to their positions in DMLP. Albert D Mason Inc. lifted its holdings in Dorchester Minerals by 1.3% in the second quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock worth $907,000 after purchasing an additional 382 shares during the period. Atomi Financial Group Inc. lifted its stake in shares of Dorchester Minerals by 7.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after acquiring an additional 459 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Dorchester Minerals by 0.6% in the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after acquiring an additional 639 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Dorchester Minerals by 3.0% in the second quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock valued at $734,000 after acquiring an additional 688 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its stake in shares of Dorchester Minerals by 7.8% during the third quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after acquiring an additional 701 shares during the period. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $33.74 on Friday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 12.14 and a beta of 1.09. The business’s fifty day moving average is $31.81 and its two-hundred day moving average is $31.37. Dorchester Minerals, L.P. has a 1 year low of $28.40 and a 1 year high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. The business 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 company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were given a $0.996 dividend. This represents a $3.98 annualized dividend and a dividend yield of 11.81%. The ex-dividend date was Monday, October 28th. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s dividend payout ratio is 143.17%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Dorchester Minerals news, CFO Leslie A. Moriyama acquired 3,218 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was purchased at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the transaction, the chief financial officer now owns 71,400 shares of the company’s stock, valued at $2,327,640. The trade was a 4.72 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.10% of the company’s stock.

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.