Independent Advisor Alliance Has $2.42 Million Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Independent Advisor Alliance lessened its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 72,490 shares of the energy company’s stock after selling 850 shares during the period. Independent Advisor Alliance’s holdings in Dorchester Minerals were worth $2,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Round Rock Advisors LLC acquired a new position in shares of Dorchester Minerals in the 4th quarter valued at approximately $3,877,000. Burford Brothers Inc. bought a new position in shares of Dorchester Minerals during the 4th quarter worth approximately $976,000. Capital Advisory Group Advisory Services LLC acquired a new stake in Dorchester Minerals in the 4th quarter valued at $837,000. Raymond James Financial Inc. bought a new stake in Dorchester Minerals during the fourth quarter worth about $783,000. Finally, Fisher Asset Management LLC bought a new position in shares of Dorchester Minerals in the fourth quarter valued at $650,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Dorchester Minerals from a “buy” rating to a “hold” rating in a report on Monday, February 24th.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 6,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $32.21 per share, for a total transaction of $209,365.00. Following the acquisition, the insider now directly owns 28,728 shares of the company’s stock, valued at approximately $925,328.88. The trade was a 29.24 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bradley J. Ehrman acquired 3,356 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the completion of the purchase, the chief executive officer now owns 117,710 shares in the company, valued at approximately $3,507,758. This represents a 2.93 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 29,145 shares of company stock worth $921,407. Company insiders own 5.90% of the company’s stock.

Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP opened at $29.64 on Friday. Dorchester Minerals, L.P. has a 1 year low of $28.25 and a 1 year high of $35.74. The company has a market capitalization of $1.40 billion, a P/E ratio of 13.98 and a beta of 1.08. The business’s 50 day simple moving average is $31.90 and its 200 day simple moving average is $31.93.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%. The firm had revenue of $39.71 million during the quarter.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were given a dividend of $0.7394 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.98%. Dorchester Minerals’s dividend payout ratio (DPR) is 139.15%.

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.