Dorchester Minerals LP (NASDAQ:DMLP) Director H C. Allen, Jr. acquired 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of $18.30 per share, for a total transaction of $18,300.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
DMLP traded up $0.07 during midday trading on Friday, reaching $18.25. The company’s stock had a trading volume of 35,615 shares, compared to its average volume of 22,207. The firm has a market capitalization of $632.91 million, a price-to-earnings ratio of 11.49 and a beta of 1.05. The company has a current ratio of 12.92, a quick ratio of 12.92 and a debt-to-equity ratio of 0.02. Dorchester Minerals LP has a 1 year low of $14.11 and a 1 year high of $21.15. The stock’s 50-day moving average is $17.95 and its 200-day moving average is $18.52.
Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $0.38 earnings per share for the quarter. The business had revenue of $20.60 million for the quarter. Dorchester Minerals had a net margin of 71.35% and a return on equity of 51.58%.
A number of institutional investors and hedge funds have recently made changes to their positions in DMLP. Delta Investment Management LLC purchased a new stake in shares of Dorchester Minerals during the second quarter valued at approximately $6,845,000. Virtus ETF Advisers LLC purchased a new stake in shares of Dorchester Minerals during the second quarter valued at approximately $2,597,000. First Trust Advisors LP grew its holdings in shares of Dorchester Minerals by 8.9% during the second quarter. First Trust Advisors LP now owns 347,533 shares of the energy company’s stock valued at $6,363,000 after buying an additional 28,350 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Dorchester Minerals by 38.3% during the second quarter. Northern Trust Corp now owns 85,069 shares of the energy company’s stock valued at $1,558,000 after buying an additional 23,569 shares during the last quarter. Finally, Gruss & Co. Inc. grew its holdings in shares of Dorchester Minerals by 39.0% during the first quarter. Gruss & Co. Inc. now owns 25,965 shares of the energy company’s stock valued at $474,000 after buying an additional 7,282 shares during the last quarter. Institutional investors and hedge funds own 19.66% of the company’s stock.
Separately, BidaskClub upgraded shares of Dorchester Minerals from a “sell” rating to a “hold” rating in a report on Friday, July 12th.
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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