Independent Advisor Alliance Purchases 1,000 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Independent Advisor Alliance lifted its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,340 shares of the energy company’s stock after buying an additional 1,000 shares during the quarter. Independent Advisor Alliance owned about 0.15% of Dorchester Minerals worth $2,211,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DMLP. HWG Holdings LP bought a new stake in shares of Dorchester Minerals in the 2nd quarter valued at approximately $30,000. Perkins Coie Trust Co bought a new stake in Dorchester Minerals during the second quarter worth approximately $31,000. LGT Financial Advisors LLC bought a new stake in Dorchester Minerals during the third quarter worth approximately $166,000. Atomi Financial Group Inc. boosted its position in Dorchester Minerals by 7.3% during the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after purchasing an additional 459 shares during the period. Finally, MADDEN SECURITIES Corp bought a new stake in Dorchester Minerals during the third quarter worth approximately $223,000. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Stock Down 0.4 %

Shares of Dorchester Minerals stock opened at $33.60 on Tuesday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 12.09 and a beta of 1.09. The stock has a 50 day moving average price of $31.96 and a two-hundred day moving average price of $31.39. Dorchester Minerals, L.P. has a 12-month low of $28.40 and a 12-month high of $35.74.

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

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were issued a dividend of $0.996 per share. The ex-dividend date of this dividend was Monday, October 28th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a dividend yield of 11.86%. Dorchester Minerals’s payout ratio is 143.17%.

Analyst Ratings Changes

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

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama purchased 3,218 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $32.60 per share, for a total transaction 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 represents a 4.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.