Dorchester Minerals (NASDAQ:DMLP) Shares Gap Down – What’s Next?

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) gapped down before the market opened on Monday . The stock had previously closed at $27.61, but opened at $26.14. Dorchester Minerals shares last traded at $25.4140, with a volume of 55,020 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Dorchester Minerals in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Dorchester Minerals currently has a consensus rating of “Hold”.

Dorchester Minerals Trading Down 0.9%

The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 18.33 and a beta of 0.54. The stock’s 50 day moving average is $26.60 and its two-hundred day moving average is $26.58.

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

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd will be paid a dividend of $1.2729 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $5.09 annualized dividend and a yield of 20.0%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.48. Dorchester Minerals’s dividend payout ratio (DPR) is currently 366.19%.

Insider Activity at Dorchester Minerals

In related news, 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 price of $27.56 per share, with a total value of $206,700.00. Following the completion of the acquisition, the insider owned 70,017 shares in the company, valued at approximately $1,929,668.52. This trade represents a 12.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bradley J. Ehrman bought 4,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was bought at an average cost of $26.78 per share, for a total transaction of $107,120.00. Following the acquisition, the chief executive officer owned 142,723 shares of the company’s stock, valued at approximately $3,822,121.94. This trade represents a 2.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 19,000 shares of company stock worth $526,070 over the last quarter. Company insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Dorchester Minerals

A number of large investors have recently bought and sold shares of DMLP. Redhawk Wealth Advisors Inc. lifted its stake in shares of Dorchester Minerals by 83.6% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 17,743 shares of the energy company’s stock worth $448,000 after acquiring an additional 8,079 shares during the period. Glenmede Trust Co. NA raised its holdings in Dorchester Minerals by 58.0% during the first quarter. Glenmede Trust Co. NA now owns 54,502 shares of the energy company’s stock worth $1,477,000 after purchasing an additional 20,000 shares in the last quarter. Amundi purchased a new position in Dorchester Minerals during the first quarter worth about $421,000. Royal Bank of Canada lifted its position in Dorchester Minerals by 14.9% in the first quarter. Royal Bank of Canada now owns 122,603 shares of the energy company’s stock valued at $3,322,000 after purchasing an additional 15,921 shares during the period. Finally, Cetera Investment Advisers lifted its position in Dorchester Minerals by 33.8% in the first quarter. Cetera Investment Advisers now owns 13,057 shares of the energy company’s stock valued at $354,000 after purchasing an additional 3,298 shares during the period. Hedge funds and other institutional investors own 19.21% of the company’s stock.

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.