Dorchester Minerals, L.P. (DMLP) To Go Ex-Dividend on April 26th

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.782 per share by the energy company on Thursday, May 9th. This represents a $3.13 dividend on an annualized basis and a yield of 9.25%. The ex-dividend date of this dividend is Friday, April 26th.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP opened at $33.83 on Friday. Dorchester Minerals has a fifty-two week low of $27.02 and a fifty-two week high of $35.74. The business has a 50-day simple moving average of $32.47 and a two-hundred day simple moving average of $30.86. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 11.91 and a beta of 1.11.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share for the quarter. Dorchester Minerals had a return on equity of 66.48% and a net margin of 68.89%. The business had revenue of $50.42 million during the quarter.

Insider Buying and Selling at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 5,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was acquired at an average cost of $31.66 per share, for a total transaction of $158,300.00. Following the purchase, the insider now directly owns 47,299 shares in the company, valued at approximately $1,497,486.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 13,775 shares of company stock worth $448,648 in the last three months. 7.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP grew its stake in shares of Dorchester Minerals by 46.6% during the 4th quarter. GSA Capital Partners LLP now owns 25,965 shares of the energy company’s stock valued at $826,000 after acquiring an additional 8,249 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Dorchester Minerals by 4.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,970 shares of the energy company’s stock valued at $254,000 after acquiring an additional 334 shares during the period. Fort Sheridan Advisors LLC purchased a new position in Dorchester Minerals in the 4th quarter worth approximately $397,000. Pathstone Holdings LLC purchased a new position in Dorchester Minerals in the 4th quarter worth approximately $270,000. Finally, Northern Trust Corp lifted its holdings in Dorchester Minerals by 42.9% in the 4th quarter. Northern Trust Corp now owns 13,319 shares of the energy company’s stock worth $424,000 after purchasing an additional 4,000 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th.

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.