Dorchester Minerals (NASDAQ:DMLP) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, March 9th.
Shares of DMLP stock traded up $0.40 on Friday, reaching $16.30. The company’s stock had a trading volume of 32,387 shares, compared to its average volume of 43,890. Dorchester Minerals has a one year low of $13.90 and a one year high of $19.10. The firm has a market capitalization of $526.16, a price-to-earnings ratio of 13.81 and a beta of 0.76.
Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, March 8th. The energy company reported $0.43 EPS for the quarter. The company had revenue of $19.53 million for the quarter. Dorchester Minerals had a return on equity of 45.99% and a net margin of 67.07%.
In other news, Director Robert C. Vaughn purchased 5,000 shares of the stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost of $14.60 per share, with a total value of $73,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Allen D. Lassiter purchased 10,000 shares of the stock in a transaction dated Wednesday, March 14th. The stock was purchased at an average cost of $15.94 per share, for a total transaction of $159,400.00. The disclosure for this purchase can be found here. Insiders bought 33,825 shares of company stock worth $542,744 over the last ninety days. Corporate insiders own 9.80% of the company’s stock.
Several large investors have recently modified their holdings of DMLP. Ameriprise Financial Inc. acquired a new position in Dorchester Minerals during the second quarter worth $161,000. Goldman Sachs Group Inc. purchased a new stake in Dorchester Minerals in the second quarter valued at $274,000. Mraz Amerine & Associates Inc. raised its position in Dorchester Minerals by 27.5% in the third quarter. Mraz Amerine & Associates Inc. now owns 47,399 shares of the energy company’s stock valued at $713,000 after purchasing an additional 10,229 shares during the period. Lee Financial Co raised its position in Dorchester Minerals by 251.1% in the third quarter. Lee Financial Co now owns 80,757 shares of the energy company’s stock valued at $1,216,000 after purchasing an additional 57,756 shares during the period. Finally, Commonwealth Equity Services Inc raised its position in Dorchester Minerals by 55.8% in the third quarter. Commonwealth Equity Services Inc now owns 20,370 shares of the energy company’s stock valued at $306,000 after purchasing an additional 7,293 shares during the period. 16.06% of the stock is currently owned by hedge funds and other institutional investors.
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About Dorchester Minerals
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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