Hollow Brook Wealth Management LLC Makes New Investment in Dorchester Minerals, L.P. $DMLP

Hollow Brook Wealth Management LLC acquired a new stake in shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 803,023 shares of the energy company’s stock, valued at approximately $20,790,000. Dorchester Minerals accounts for 4.9% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Hollow Brook Wealth Management LLC owned 1.66% of Dorchester Minerals as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in Dorchester Minerals by 1,380.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 39,598 shares of the energy company’s stock valued at $1,025,000 after buying an additional 36,923 shares during the period. Beacon Pointe Advisors LLC bought a new stake in Dorchester Minerals in the second quarter worth $1,137,000. Adams Asset Advisors LLC boosted its stake in Dorchester Minerals by 21.0% during the third quarter. Adams Asset Advisors LLC now owns 746,675 shares of the energy company’s stock worth $19,331,000 after buying an additional 129,567 shares during the period. Envestnet Asset Management Inc. bought a new position in Dorchester Minerals during the second quarter valued at $218,000. Finally, Horizon Kinetics Asset Management LLC increased its position in Dorchester Minerals by 0.5% during the second quarter. Horizon Kinetics Asset Management LLC now owns 916,849 shares of the energy company’s stock valued at $25,543,000 after acquiring an additional 4,386 shares during the last quarter. 19.21% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Minerals Operating Dorchester bought 10,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was purchased at an average cost of $22.30 per share, with a total value of $223,000.00. Following the completion of the purchase, the insider owned 35,017 shares of the company’s stock, valued at $780,879.10. This trade represents a 39.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dorchester Minerals Stock Performance

DMLP opened at $26.97 on Monday. The stock’s 50 day moving average price is $24.94 and its 200-day moving average price is $24.24. Dorchester Minerals, L.P. has a one year low of $20.85 and a one year high of $30.51. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 23.25 and a beta of 0.62.

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

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd were given a dividend of $0.7557 per share. This represents a $3.02 annualized dividend and a dividend yield of 11.2%. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.69. The ex-dividend date was Monday, February 2nd. Dorchester Minerals’s dividend payout ratio is 260.34%.

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.