Hollow Brook Wealth Management LLC Acquires Shares of 803,023 Dorchester Minerals, L.P. $DMLP

Hollow Brook Wealth Management LLC bought a new position in Dorchester Minerals, L.P. (NASDAQ:DMLP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 803,023 shares of the energy company’s stock, valued at approximately $20,790,000. Dorchester Minerals makes up about 4.9% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 3rd largest holding.

A number of other institutional investors have also modified their holdings of the stock. Baker Tilly Wealth Management LLC raised its stake in shares of Dorchester Minerals by 3.3% during the third quarter. Baker Tilly Wealth Management LLC now owns 13,088 shares of the energy company’s stock valued at $339,000 after acquiring an additional 412 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after purchasing an additional 440 shares in the last quarter. Creative Planning increased its holdings in Dorchester Minerals by 4.6% during the 3rd quarter. Creative Planning now owns 10,163 shares of the energy company’s stock worth $263,000 after purchasing an additional 450 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its holdings in Dorchester Minerals by 1.5% during the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after purchasing an additional 450 shares during the period. Finally, Osaic Holdings Inc. raised its position in Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after purchasing an additional 463 shares in the last quarter. 19.21% of the stock is owned by hedge funds and other institutional investors.

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $26.97 on Monday. Dorchester Minerals, L.P. has a one year low of $20.85 and a one year high of $30.51. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 23.25 and a beta of 0.62. The company’s 50-day simple moving average is $24.94 and its two-hundred day simple moving average is $24.24.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.32 earnings per share for the quarter. Dorchester Minerals had a net margin of 37.53% and a return on equity of 17.76%. The firm had revenue of $41.86 million during the quarter.

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.7557 per share. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.69. This represents a $3.02 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Monday, February 2nd. Dorchester Minerals’s dividend payout ratio (DPR) is currently 260.34%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Insider Transactions at Dorchester Minerals

In related news, insider Minerals Operating Dorchester bought 10,000 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were acquired at an average price of $22.30 per share, with a total value of $223,000.00. Following the transaction, the insider owned 35,017 shares of the company’s stock, valued at $780,879.10. The trade was a 39.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.90% of the company’s stock.

Dorchester Minerals Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.