Dorchester Minerals (NASDAQ:DMLP) CFO Acquires $65,381.50 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie Moriyama bought 3,041 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $65,381.50. Following the acquisition, the chief financial officer directly owned 83,673 shares of the company’s stock, valued at $1,798,969.50. The trade was a 3.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Dorchester Minerals Trading Down 0.8%

NASDAQ:DMLP opened at $21.08 on Friday. The stock has a 50 day moving average of $24.23 and a 200-day moving average of $25.90. The firm has a market capitalization of $1.02 billion, a PE ratio of 12.26 and a beta of 0.60. Dorchester Minerals, L.P. has a 52 week low of $21.02 and a 52 week high of $34.88.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share for the quarter. Dorchester Minerals had a return on equity of 22.49% and a net margin of 47.35%.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.6899 per share. This represents a $2.76 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.62. Dorchester Minerals’s dividend payout ratio (DPR) is presently 255.56%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Dorchester Minerals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Dorchester Minerals

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of Dorchester Minerals by 5.5% during the 1st quarter. LPL Financial LLC now owns 60,337 shares of the energy company’s stock worth $1,815,000 after buying an additional 3,164 shares in the last quarter. Virtu Financial LLC bought a new position in Dorchester Minerals during the 1st quarter valued at $655,000. Wealthedge Investment Advisors LLC acquired a new position in shares of Dorchester Minerals during the 1st quarter valued at $416,000. Sax Wealth Advisors LLC acquired a new stake in shares of Dorchester Minerals in the first quarter valued at $290,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Dorchester Minerals during the first quarter valued at about $198,000. Institutional investors own 19.21% of the company’s stock.

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.