Dorchester Minerals (NASDAQ:DMLP) Insider Buys $206,700.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 7,500 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $27.56 per share, with a total value of $206,700.00. Following the acquisition, the insider directly owned 70,017 shares of the company’s stock, valued at approximately $1,929,668.52. This represents a 12.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Minerals Operating Dorchester also recently made the following trade(s):

• On Wednesday, May 20th, Minerals Operating Dorchester bought 7,500 shares of Dorchester Minerals stock. The stock was acquired at an average price of $28.30 per share, with a total value of $212,250.00.

Dorchester Minerals Stock Performance

Shares of NASDAQ DMLP traded up $0.40 during mid-day trading on Tuesday, reaching $28.06. The company’s stock had a trading volume of 129,927 shares, compared to its average volume of 174,040. The stock has a 50-day moving average of $27.64 and a two-hundred day moving average of $25.29. The stock has a market capitalization of $1.35 billion, a P/E ratio of 20.19 and a beta of 0.54. Dorchester Minerals, L.P. has a 1-year low of $20.85 and a 1-year high of $28.95.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. The business had revenue of $58.88 million during the quarter. Dorchester Minerals had a net margin of 40.85% and a return on equity of 22.11%.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 4th were paid a $0.475 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.8%. Dorchester Minerals’s dividend payout ratio (DPR) is 136.69%.

Analyst Upgrades and Downgrades

DMLP has been the subject of a number of recent research reports. Weiss Ratings raised Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 27th. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Investors Weigh In On Dorchester Minerals

A number of institutional investors have recently made changes to their positions in the stock. Hollow Brook Wealth Management LLC acquired a new position in Dorchester Minerals in the 3rd quarter valued at about $20,790,000. MidFirst Bank acquired a new position in Dorchester Minerals in the 4th quarter valued at about $11,049,000. Adams Asset Advisors LLC grew its position in Dorchester Minerals by 9.1% in the 4th quarter. Adams Asset Advisors LLC now owns 814,852 shares of the energy company’s stock valued at $18,220,000 after acquiring an additional 68,177 shares in the last quarter. Jane Street Group LLC acquired a new position in Dorchester Minerals in the 2nd quarter valued at about $1,855,000. Finally, Geneos Wealth Management Inc. grew its position in Dorchester Minerals by 147.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 98,028 shares of the energy company’s stock valued at $2,192,000 after acquiring an additional 58,430 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

About Dorchester Minerals

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.