Dorchester Minerals LP (NASDAQ:DMLP) Director Robert C. Vaughn bought 5,000 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average cost of $14.60 per share, with a total value of $73,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Dorchester Minerals LP (DMLP) traded up $0.35 during trading on Thursday, hitting $15.65. 145,558 shares of the company traded hands, compared to its average volume of 112,607. Dorchester Minerals LP has a 12-month low of $13.90 and a 12-month high of $19.10. The stock has a market capitalization of $500.34, a PE ratio of 16.30 and a beta of 0.82.
Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Friday, November 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 64.05% and a return on equity of 40.04%. The firm had revenue of $12.48 million during the quarter.
Separately, BidaskClub cut shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a report on Wednesday.
Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. purchased a new position in shares of Dorchester Minerals during the second quarter worth $161,000. Virtu KCG Holdings LLC purchased a new position in shares of Dorchester Minerals during the second quarter worth $201,000. Goldman Sachs Group Inc. purchased a new position in shares of Dorchester Minerals during the second quarter worth $274,000. Segment Wealth Management LLC grew its position in Dorchester Minerals by 100.0% during the third 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 during the period. Finally, Commonwealth Equity Services Inc grew its position in Dorchester Minerals by 55.8% during the third 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 during the period. 13.43% of the stock is owned by hedge funds and other 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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