Geneos Wealth Management Inc. Has $104,000 Stake in Dorchester Minerals, L.P. (NASDAQ:DMLP)

Geneos Wealth Management Inc. lowered its stake in Dorchester Minerals, L.P. (NASDAQ:DMLP) by 34.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,085 shares of the energy company’s stock after selling 1,600 shares during the period. Geneos Wealth Management Inc.’s holdings in Dorchester Minerals were worth $104,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. bought a new stake in shares of Dorchester Minerals during the first quarter worth approximately $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Dorchester Minerals in the 1st quarter worth $34,000. Tower Research Capital LLC TRC grew its stake in shares of Dorchester Minerals by 240.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock worth $34,000 after purchasing an additional 754 shares during the period. Citigroup Inc. increased its holdings in Dorchester Minerals by 4,306.7% in the third quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock valued at $77,000 after purchasing an additional 2,584 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Dorchester Minerals during the first quarter worth about $110,000. Institutional investors own 19.21% of the company’s stock.

Insider Buying and Selling

In other news, CEO Bradley J. Ehrman purchased 2,800 shares of the company’s stock in a transaction on Monday, June 17th. The shares were purchased at an average price of $29.50 per share, with a total value of $82,600.00. Following the purchase, the chief executive officer now directly owns 102,737 shares of the company’s stock, valued at approximately $3,030,741.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 2,800 shares of the stock in a transaction dated Monday, June 17th. The shares were bought at an average cost of $29.50 per share, for a total transaction of $82,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 102,737 shares of the company’s stock, valued at $3,030,741.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Minerals Operating Dorchester bought 6,000 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average price of $31.88 per share, with a total value of $191,280.00. Following the acquisition, the insider now directly owns 54,574 shares of the company’s stock, valued at approximately $1,739,819.12. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,230 shares of company stock valued at $351,008. Company insiders own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

Dorchester Minerals Trading Up 0.2 %

DMLP stock opened at $32.14 on Friday. Dorchester Minerals, L.P. has a 1-year low of $27.16 and a 1-year high of $35.74. The firm has a market cap of $1.29 billion, a PE ratio of 12.51 and a beta of 1.11. The business’s 50-day moving average price is $31.62 and its two-hundred day moving average price is $32.02.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.44 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 59.35% and a net margin of 66.57%. The business had revenue of $30.98 million during the quarter.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Monday, April 29th were given a $0.782 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $3.13 annualized dividend and a yield of 9.73%. Dorchester Minerals’s dividend payout ratio is currently 121.79%.

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.