Mraz Amerine & Associates Inc. Has $1.43 Million Stock Holdings in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Mraz Amerine & Associates Inc. cut its position in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,439 shares of the energy company’s stock after selling 900 shares during the period. Mraz Amerine & Associates Inc. owned 0.12% of Dorchester Minerals worth $1,430,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. raised its position in shares of 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 purchasing an additional 701 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Dorchester Minerals during the third quarter worth about $300,000. MADDEN SECURITIES Corp acquired a new stake in shares of Dorchester Minerals in the 3rd quarter worth about $223,000. Atomi Financial Group Inc. lifted its position in Dorchester Minerals by 29.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after acquiring an additional 1,954 shares in the last quarter. Finally, HWG Holdings LP acquired a new position in Dorchester Minerals during the 2nd quarter valued at about $30,000. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dorchester Minerals Price Performance

Shares of DMLP stock opened at $32.99 on Friday. Dorchester Minerals, L.P. has a one year low of $27.16 and a one year high of $35.74. The company has a market cap of $1.32 billion, a P/E ratio of 12.84 and a beta of 1.10. The firm has a 50-day moving average of $30.84 and a 200-day moving average of $31.52.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, August 1st. The energy company reported $0.57 EPS for the quarter. Dorchester Minerals had a net margin of 66.16% and a return on equity of 59.40%. The firm had revenue of $37.36 million for the quarter.

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Monday, October 28th will be given a $0.996 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $3.98 annualized dividend and a yield of 12.08%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s payout ratio is currently 154.86%.

About Dorchester Minerals

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.