Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Buys $287,600.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 10,000 shares of Dorchester Minerals stock in a transaction that occurred on Wednesday, April 30th. The stock was purchased at an average price of $28.76 per share, with a total value of $287,600.00. Following the transaction, the insider now owns 58,017 shares in the company, valued at $1,668,568.92. This represents a 20.83 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, February 6th, Minerals Operating Dorchester bought 335 shares of Dorchester Minerals stock. The shares were purchased at an average cost of $31.06 per share, for a total transaction of $10,405.10.
• On Tuesday, February 4th, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $30.90 per share, with a total value of $200,850.00.
• On Friday, January 31st, Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock. The shares were acquired at an average cost of $31.69 per share, for a total transaction of $237,675.00.

Dorchester Minerals Stock Performance

Shares of DMLP opened at $29.82 on Friday. Dorchester Minerals, L.P. has a 52 week low of $25.84 and a 52 week high of $34.88. The company has a market capitalization of $1.41 billion, a PE ratio of 14.07 and a beta of 0.79. The company’s 50 day moving average price is $29.32 and its 200 day moving average price is $31.53.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share for the quarter. The business had revenue of $39.71 million for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.7258 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 9.74%. The ex-dividend date of this dividend is Monday, May 5th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 136.79%.

Institutional Investors Weigh In On Dorchester Minerals

Several large investors have recently made changes to their positions in the company. Graney & King LLC acquired a new stake in Dorchester Minerals in the fourth quarter valued at approximately $28,000. HWG Holdings LP acquired a new stake in shares of Dorchester Minerals in the 1st quarter valued at $29,000. Tower Research Capital LLC TRC boosted its holdings in Dorchester Minerals by 638.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock worth $37,000 after purchasing an additional 952 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares in the last quarter. Finally, Virtus ETF Advisers LLC raised its holdings in Dorchester Minerals by 7.5% during the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock valued at $191,000 after buying an additional 402 shares in the last quarter. Institutional investors own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

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.