Kingsview Wealth Management LLC Cuts Stock Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Kingsview Wealth Management LLC reduced its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 253,754 shares of the energy company’s stock after selling 10,359 shares during the period. Kingsview Wealth Management LLC’s holdings in Dorchester Minerals were worth $8,458,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Flagship Harbor Advisors LLC increased its position in Dorchester Minerals by 3.6% in the fourth quarter. Flagship Harbor Advisors LLC now owns 8,787 shares of the energy company’s stock worth $293,000 after purchasing an additional 302 shares during the last quarter. Albert D Mason Inc. increased its holdings in shares of Dorchester Minerals by 1.8% in the 4th quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock worth $998,000 after buying an additional 525 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after buying an additional 556 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Dorchester Minerals by 0.6% during the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after buying an additional 639 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in shares of Dorchester Minerals by 7.8% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Insider Buying and Selling at Dorchester Minerals

In related news, CFO Leslie A. Moriyama purchased 12,050 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $34.41 per share, for a total transaction of $414,640.50. Following the completion of the acquisition, the chief financial officer now owns 83,450 shares in the company, valued at approximately $2,871,514.50. This trade represents a 16.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Minerals Operating Dorchester acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $32.21 per share, with a total value of $209,365.00. Following the acquisition, the insider now directly owns 28,728 shares in the company, valued at $925,328.88. This represents a 29.24 % 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 worth $1,837,482 over the last quarter. Insiders own 7.10% of the company’s stock.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP opened at $31.34 on Friday. The stock has a market capitalization of $1.48 billion, a P/E ratio of 11.27 and a beta of 1.07. Dorchester Minerals, L.P. has a 1-year low of $28.41 and a 1-year high of $35.74. The business’s 50 day moving average is $32.82 and its two-hundred day moving average is $31.86.

Dorchester Minerals Cuts Dividend

The company also recently disclosed 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. This represents a $2.96 annualized dividend and a yield of 9.44%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s payout ratio is 106.47%.

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.