Dorchester Minerals (NASDAQ:DMLP) Sees Large Volume Increase – Should You Buy?

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares saw an uptick in trading volume on Friday . 249,981 shares were traded during mid-day trading, an increase of 92% from the previous session’s volume of 130,054 shares.The stock last traded at $23.0150 and had previously closed at $22.54.

Wall Street Analyst Weigh In

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

Dorchester Minerals Price Performance

The company has a market cap of $1.11 billion, a price-to-earnings ratio of 21.29 and a beta of 0.61. The stock has a 50 day simple moving average of $23.82 and a two-hundred day simple moving average of $25.62.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 EPS for the quarter. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.

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 issued a $0.6899 dividend. This represents a $2.76 annualized dividend and a yield of 12.0%. The ex-dividend date 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%.

Insider Activity

In other Dorchester Minerals news, Director Robert C. Vaughn acquired 4,615 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was bought at an average cost of $21.41 per share, for a total transaction of $98,807.15. Following the completion of the transaction, the director owned 20,352 shares of the company’s stock, valued at approximately $435,736.32. The trade was a 29.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Leslie A. Moriyama bought 3,041 shares of Dorchester Minerals stock in a transaction on Tuesday, November 25th. The stock was acquired at an average price of $21.50 per share, for a total transaction of $65,381.50. Following the transaction, the chief financial officer directly owned 83,673 shares of the company’s stock, valued at approximately $1,798,969.50. This trade represents a 3.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 16,338 shares of company stock worth $353,133 over the last quarter. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Dorchester Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virtus Advisers LLC purchased a new stake in Dorchester Minerals in the 3rd quarter valued at about $119,000. Hollow Brook Wealth Management LLC acquired a new stake in shares of Dorchester Minerals during the third quarter valued at about $20,790,000. Creative Planning increased its position in shares of Dorchester Minerals by 4.6% during the third quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after acquiring an additional 450 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in shares of Dorchester Minerals by 1.5% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock valued at $776,000 after acquiring an additional 450 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Dorchester Minerals by 121.7% in the 3rd quarter. UBS Group AG now owns 86,964 shares of the energy company’s stock worth $2,251,000 after acquiring an additional 47,744 shares during the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Company Profile

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.