Meixler Investment Management Ltd. Sells 1,125 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Meixler Investment Management Ltd. lowered its stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) by 0.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 437,265 shares of the energy company’s stock after selling 1,125 shares during the quarter. Dorchester Minerals accounts for about 11.6% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its largest holding. Meixler Investment Management Ltd.’s holdings in Dorchester Minerals were worth $13,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Dorchester Minerals by 1.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,170 shares of the energy company’s stock valued at $644,000 after purchasing an additional 421 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Dorchester Minerals by 2.9% in the 3rd quarter. Raymond James & Associates now owns 23,499 shares of the energy company’s stock valued at $683,000 after acquiring an additional 671 shares during the last quarter. ING Groep NV lifted its stake in shares of Dorchester Minerals by 30.1% in the 3rd quarter. ING Groep NV now owns 89,000 shares of the energy company’s stock valued at $2,585,000 after acquiring an additional 20,600 shares during the last quarter. GraniteShares Advisors LLC lifted its stake in shares of Dorchester Minerals by 0.8% in the 3rd quarter. GraniteShares Advisors LLC now owns 48,030 shares of the energy company’s stock valued at $1,395,000 after acquiring an additional 401 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of Dorchester Minerals by 35.4% in the 3rd quarter. Jump Financial LLC now owns 10,700 shares of the energy company’s stock valued at $311,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

Insider Buying and Selling

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 1,275 shares of the stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $30.90 per share, with a total value of $39,397.50. Following the transaction, the insider now owns 48,574 shares in the company, valued at approximately $1,500,936.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. 7.10% of the stock is owned by corporate insiders.

Dorchester Minerals Trading Down 2.3 %

NASDAQ:DMLP traded down $0.77 during trading hours on Friday, hitting $33.05. 157,203 shares of the company were exchanged, compared to its average volume of 62,919. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 11.64 and a beta of 1.11. Dorchester Minerals, L.P. has a one year low of $27.02 and a one year high of $35.74. The company has a fifty day simple moving average of $32.85 and a 200 day simple moving average of $31.04.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $50.42 million during the quarter. Dorchester Minerals had a return on equity of 66.48% and a net margin of 68.89%.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, April 29th will be given a dividend of $0.782 per share. This represents a $3.13 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend is Friday, April 26th. Dorchester Minerals’s dividend payout ratio is currently 141.90%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th.

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.