Dorchester Minerals (NASDAQ:DMLP) Trading Down 9.3%

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLPGet Rating) fell 9.3% during trading on Friday . The company traded as low as $23.74 and last traded at $23.74. 790 shares changed hands during trading, a decline of 99% from the average session volume of 64,941 shares. The stock had previously closed at $26.17.

Dorchester Minerals Stock Down 12.6 %

The stock has a market cap of $858.62 million, a PE ratio of 8.16 and a beta of 1.23. The business’s fifty day moving average is $28.09 and its 200 day moving average is $27.05.

Dorchester Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 1st were given a $0.969 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 16.96%. The ex-dividend date was Friday, July 29th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.54. Dorchester Minerals’s payout ratio is currently 133.33%.

Institutional Investors Weigh In On Dorchester Minerals

Institutional investors have recently bought and sold shares of the stock. CWM LLC grew its stake in Dorchester Minerals by 59.5% during the second quarter. CWM LLC now owns 1,340 shares of the energy company’s stock worth $32,000 after buying an additional 500 shares during the period. Cannell Capital LLC raised its holdings in Dorchester Minerals by 35.2% in the first quarter. Cannell Capital LLC now owns 3,399 shares of the energy company’s stock valued at $88,000 after acquiring an additional 885 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Dorchester Minerals during the fourth quarter worth $106,000. Advisor Group Holdings Inc. raised its holdings in shares of Dorchester Minerals by 11.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 6,696 shares of the energy company’s stock worth $133,000 after purchasing an additional 700 shares during the period. Finally, Choate Investment Advisors acquired a new stake in shares of Dorchester Minerals during the first quarter worth $218,000. 20.03% of the stock is currently owned by hedge funds and other institutional investors.

Dorchester Minerals Company Profile

(Get Rating)

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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