GSA Capital Partners LLP trimmed its holdings in Dorchester Minerals LP (NASDAQ:DMLP) by 40.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,828 shares of the energy company’s stock after selling 19,226 shares during the period. GSA Capital Partners LLP owned 0.09% of Dorchester Minerals worth $594,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lucas Capital Management lifted its position in shares of Dorchester Minerals by 13.8% in the second quarter. Lucas Capital Management now owns 41,194 shares of the energy company’s stock valued at $849,000 after buying an additional 5,000 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Dorchester Minerals in the second quarter valued at approximately $122,000. Independent Advisor Alliance lifted its position in shares of Dorchester Minerals by 14.5% in the second quarter. Independent Advisor Alliance now owns 51,462 shares of the energy company’s stock valued at $1,060,000 after buying an additional 6,515 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Dorchester Minerals in the first quarter valued at approximately $213,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Dorchester Minerals in the second quarter valued at approximately $325,000. 17.82% of the stock is owned by institutional investors.
Separately, BidaskClub cut Dorchester Minerals from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th.
Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Monday, August 6th. The energy company reported $0.49 earnings per share for the quarter. The company had revenue of $21.12 million for the quarter. Dorchester Minerals had a return on equity of 54.69% and a net margin of 70.68%.
The company also recently announced a dividend, which will be paid on Monday, October 8th. Stockholders of record on Monday, July 30th will be paid a dividend of $0.5373 per share. The ex-dividend date is Friday, July 27th. This is a positive change from Dorchester Minerals’s previous dividend of $0.47.
In other news, COO Bradley J. Ehrman bought 2,747 shares of the stock in a transaction dated Monday, August 13th. The shares were bought at an average price of $18.98 per share, for a total transaction of $52,138.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.80% of the stock is currently owned by company insiders.
About Dorchester Minerals
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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