Independent Advisor Alliance Has $2.21 Million Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Independent Advisor Alliance lifted its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1.4% in the third quarter, HoldingsChannel.com reports. The firm owned 73,340 shares of the energy company’s stock after acquiring an additional 1,000 shares during the period. Independent Advisor Alliance’s holdings in Dorchester Minerals were worth $2,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Albert D Mason Inc. raised its stake in Dorchester Minerals by 1.3% during the second quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock worth $907,000 after acquiring an additional 382 shares in the last quarter. Atomi Financial Group Inc. raised its stake in Dorchester Minerals by 7.3% during the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after acquiring an additional 459 shares in the last quarter. Moors & Cabot Inc. raised its stake in Dorchester Minerals by 0.6% during the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after acquiring an additional 639 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Dorchester Minerals by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock worth $734,000 after acquiring an additional 688 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its stake in Dorchester Minerals by 7.8% during the third quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock worth $291,000 after acquiring an additional 701 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Dorchester Minerals Price Performance

Dorchester Minerals stock opened at $33.60 on Tuesday. The stock has a fifty day moving average price of $31.96 and a two-hundred day moving average price of $31.39. The firm has a market capitalization of $1.59 billion, a P/E ratio of 12.09 and a beta of 1.09. Dorchester Minerals, L.P. has a 52-week low of $28.40 and a 52-week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, October 31st. The energy company reported $0.87 EPS for the quarter. The company had revenue of $53.47 million for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were issued a dividend of $0.996 per share. This represents a $3.98 annualized dividend and a dividend yield of 11.86%. The ex-dividend date of this dividend was Monday, October 28th. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s dividend payout ratio is presently 143.17%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama bought 3,218 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the acquisition, the chief financial officer now owns 71,400 shares of the company’s stock, valued at approximately $2,327,640. This trade represents a 4.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.