BidaskClub Downgrades Dorchester Minerals (DMLP) to Sell

Dorchester Minerals (NASDAQ:DMLP) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday, December 20th.

Shares of Dorchester Minerals (DMLP) traded up $0.35 during midday trading on Wednesday, hitting $15.65. The company had a trading volume of 145,558 shares, compared to its average volume of 112,607. The stock has a market cap of $500.34, a PE ratio of 16.30 and a beta of 0.82. Dorchester Minerals has a 1 year low of $13.90 and a 1 year high of $19.10.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Friday, November 3rd. The energy company reported $0.22 earnings per share for the quarter. The firm had revenue of $12.48 million during the quarter. Dorchester Minerals had a return on equity of 40.04% and a net margin of 64.05%.

In other Dorchester Minerals news, Director Robert C. Vaughn bought 6,186 shares of Dorchester Minerals stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average cost of $14.72 per share, with a total value of $91,057.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Bradley J. Ehrman bought 1,700 shares of Dorchester Minerals stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $15.05 per share, for a total transaction of $25,585.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,886 shares of company stock valued at $189,643 over the last 90 days. 9.20% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in DMLP. Ameriprise Financial Inc. acquired a new position in Dorchester Minerals during the 2nd quarter valued at about $161,000. Virtu KCG Holdings LLC acquired a new position in Dorchester Minerals during the 2nd quarter valued at about $201,000. Goldman Sachs Group Inc. acquired a new position in Dorchester Minerals during the 2nd quarter valued at about $274,000. Segment Wealth Management LLC increased its position in Dorchester Minerals by 100.0% during the 3rd quarter. Segment Wealth Management LLC now owns 20,000 shares of the energy company’s stock valued at $301,000 after buying an additional 10,000 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its position in Dorchester Minerals by 55.8% during the 3rd quarter. Commonwealth Equity Services Inc now owns 20,370 shares of the energy company’s stock valued at $306,000 after buying an additional 7,293 shares in the last quarter. 13.43% of the stock is currently owned by institutional investors.

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About Dorchester Minerals

Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.

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