Kingsview Wealth Management LLC Sells 10,359 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP)

Kingsview Wealth Management LLC trimmed its holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP - Free Report) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 253,754 shares of the energy company's stock after selling 10,359 shares during the period. Kingsview Wealth Management LLC owned approximately 0.54% of Dorchester Minerals worth $8,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atomi Financial Group Inc. increased its stake in Dorchester Minerals by 29.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company's stock worth $262,000 after buying an additional 1,954 shares during the period. MADDEN SECURITIES Corp purchased a new position in shares of Dorchester Minerals in the 3rd quarter valued at $223,000. Exchange Traded Concepts LLC acquired a new stake in Dorchester Minerals during the 3rd quarter worth $300,000. Redhawk Wealth Advisors Inc. lifted its position in Dorchester Minerals by 7.8% in the third 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. Finally, Inscription Capital LLC boosted its stake in Dorchester Minerals by 14.8% in the third quarter. Inscription Capital LLC now owns 46,500 shares of the energy company's stock valued at $1,402,000 after acquiring an additional 6,000 shares in the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Trading Down 0.4 %

DMLP stock traded down $0.12 on Wednesday, hitting $31.91. The company's stock had a trading volume of 110,553 shares, compared to its average volume of 172,784. The firm has a 50 day moving average of $32.70 and a two-hundred day moving average of $31.88. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 11.48 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be issued a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.27%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals's payout ratio is currently 106.47%.

Insider Activity

In other news, insider Minerals Operating Dorchester bought 6,500 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $32.21 per share, for a total transaction of $209,365.00. Following the completion of the transaction, the insider now owns 28,728 shares in the company, valued at $925,328.88. This trade represents a 29.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Leslie A. Moriyama purchased 12,050 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of $34.41 per share, with a total value of $414,640.50. Following the transaction, the chief financial officer now owns 83,450 shares of the company's stock, valued at approximately $2,871,514.50. This represents a 16.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 55,487 shares of company stock valued at $1,837,482. Company insiders own 7.10% of the company's stock.

Dorchester Minerals 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.