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

One Charles Private Wealth Services LLC acquired a new position in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,983 shares of the energy company’s stock, valued at approximately $331,000.

Other institutional investors have also recently modified their holdings of the company. Moors & Cabot Inc. grew its holdings in shares of Dorchester Minerals by 0.6% during the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after buying an additional 639 shares in the last quarter. GraniteShares Advisors LLC lifted its stake in shares of Dorchester Minerals by 14.2% during the second quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock valued at $1,874,000 after buying an additional 7,576 shares during the period. Inscription Capital LLC boosted its position in Dorchester Minerals by 14.8% during 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. Albert D Mason Inc. grew its stake in Dorchester Minerals by 1.3% in the 2nd quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock worth $907,000 after acquiring an additional 382 shares during the period. Finally, Commonwealth Equity Services LLC grew its position 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 purchasing an additional 688 shares during the period. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Dorchester Minerals Price Performance

Shares of DMLP opened at $33.74 on Friday. Dorchester Minerals, L.P. has a 12 month low of $28.40 and a 12 month high of $35.74. The stock has a market cap of $1.60 billion, a PE ratio of 12.14 and a beta of 1.09. The stock’s 50-day moving average is $31.81 and its two-hundred day moving average is $31.37.

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

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were given a $0.996 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.98 annualized dividend and a dividend yield of 11.81%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s payout ratio is presently 143.17%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Insider Activity

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 price of $32.60 per share, with a total value of $104,906.80. Following the completion of the acquisition, the chief financial officer now directly owns 71,400 shares in the company, valued at $2,327,640. This trade represents a 4.72 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.

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.