Freestone Capital Holdings LLC Sells 45,389 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Freestone Capital Holdings LLC lessened its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 59.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,560 shares of the energy company's stock after selling 45,389 shares during the quarter. Freestone Capital Holdings LLC owned 0.07% of Dorchester Minerals worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock valued at $44,000 after buying an additional 556 shares during the period. LGT Financial Advisors LLC purchased a new stake in Dorchester Minerals in the 3rd quarter worth about $166,000. Apollon Wealth Management LLC bought a new stake in Dorchester Minerals in the 4th quarter valued at about $228,000. Principal Street Partners LLC purchased a new stake in Dorchester Minerals during the third quarter valued at about $291,000. Finally, Flagship Harbor Advisors LLC boosted its position in Dorchester Minerals by 3.6% during 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 period. 19.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 3,356 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 117,710 shares of the company's stock, valued at approximately $3,507,758. This represents a 2.93 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Minerals Operating Dorchester acquired 6,500 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $32.21 per share, with a total value of $209,365.00. Following the purchase, the insider now directly owns 28,728 shares of the company's stock, valued at $925,328.88. This trade represents a 29.24 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 29,145 shares of company stock worth $921,407 in the last three months. 7.10% of the stock is currently owned by corporate insiders.

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Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP traded down $0.59 during trading on Monday, hitting $29.58. 99,158 shares of the company were exchanged, compared to its average volume of 89,134. Dorchester Minerals, L.P. has a 52-week low of $28.25 and a 52-week high of $35.74. The stock has a 50 day moving average of $32.10 and a 200 day moving average of $31.95. The company has a market cap of $1.40 billion, a PE ratio of 13.95 and a beta of 1.08.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $39.71 million for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were issued a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals's dividend payout ratio (DPR) is presently 139.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Dorchester Minerals from a "buy" rating to a "hold" rating in a research report on Monday, February 24th.

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.