Meixler Investment Management Ltd. Trims Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Meixler Investment Management Ltd. lowered its holdings in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 416,733 shares of the energy company’s stock after selling 5,934 shares during the period. Dorchester Minerals comprises about 10.3% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 2nd biggest position. Meixler Investment Management Ltd.’s holdings in Dorchester Minerals were worth $13,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Dorchester Minerals by 4.7% during the third quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company’s stock valued at $749,000 after acquiring an additional 1,109 shares during the last quarter. Round Rock Advisors LLC purchased a new position in Dorchester Minerals during the fourth quarter valued at $3,877,000. HighTower Advisors LLC grew its position in shares of Dorchester Minerals by 38.4% in the 3rd quarter. HighTower Advisors LLC now owns 11,515 shares of the energy company’s stock worth $348,000 after buying an additional 3,192 shares during the period. Burford Brothers Inc. bought a new position in shares of Dorchester Minerals in the 4th quarter worth about $976,000. Finally, Exchange Traded Concepts LLC bought a new stake in Dorchester Minerals during the third quarter worth about $300,000. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Stock Performance

Shares of NASDAQ DMLP opened at $31.94 on Friday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 11.49 and a beta of 1.07. The company has a 50 day simple moving average of $32.66 and a two-hundred day simple moving average of $31.91. Dorchester Minerals, L.P. has a fifty-two week low of $28.41 and a fifty-two week high of $35.74.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were issued a $0.7394 dividend. This represents a $2.96 annualized dividend and a yield of 9.26%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is 106.47%.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 6,500 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $30.90 per share, for a total transaction of $200,850.00. Following the completion of the acquisition, the insider now directly owns 47,682 shares in the company, valued at $1,473,373.80. This represents a 15.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bradley J. Ehrman acquired 14,430 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $34.41 per share, with a total value of $496,536.30. Following the completion of the acquisition, the chief executive officer now owns 29,622 shares in the company, valued at $1,019,293.02. The trade was a 94.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 52,269 shares of company stock valued at $1,732,575. 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.