Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Acquires 2,800 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLPGet Free Report) CEO Bradley J. Ehrman acquired 2,800 shares of the stock in a transaction on Monday, June 17th. The stock was purchased at an average cost of $29.50 per share, with a total value of $82,600.00. Following the transaction, the chief executive officer now directly owns 102,737 shares of the company’s stock, valued at $3,030,741.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorchester Minerals Trading Up 1.5 %

NASDAQ DMLP traded up $0.45 during trading hours on Tuesday, reaching $30.54. The company’s stock had a trading volume of 5,287 shares, compared to its average volume of 73,915. The business has a 50-day simple moving average of $32.53 and a 200 day simple moving average of $31.93. Dorchester Minerals, L.P. has a 52 week low of $27.16 and a 52 week high of $35.74. The stock has a market cap of $1.22 billion, a PE ratio of 11.71 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLPGet Free Report) last issued its earnings results on Thursday, May 2nd. The energy company reported $0.44 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 66.57% and a return on equity of 59.35%. The firm had revenue of $30.98 million for the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Monday, April 29th were issued a $0.782 dividend. The ex-dividend date was Friday, April 26th. This represents a $3.13 dividend on an annualized basis and a yield of 10.24%. Dorchester Minerals’s dividend payout ratio is currently 121.79%.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its holdings in shares of Dorchester Minerals by 2.2% during the first quarter. Commonwealth Equity Services LLC now owns 23,114 shares of the energy company’s stock valued at $779,000 after buying an additional 505 shares during the last quarter. Kovack Advisors Inc. increased its stake in shares of Dorchester Minerals by 7.0% during the fourth quarter. Kovack Advisors Inc. now owns 8,025 shares of the energy company’s stock valued at $255,000 after acquiring an additional 525 shares during the period. Albert D Mason Inc. increased its stake in shares of Dorchester Minerals by 2.4% during the first quarter. Albert D Mason Inc. now owns 29,033 shares of the energy company’s stock valued at $979,000 after acquiring an additional 690 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Dorchester Minerals by 240.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock valued at $34,000 after acquiring an additional 754 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Dorchester Minerals during the first quarter valued at approximately $25,000. Institutional investors own 19.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, May 6th.

Check Out Our Latest Analysis on Dorchester Minerals

About Dorchester Minerals

(Get Free Report)

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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Insider Buying and Selling by Quarter for Dorchester Minerals (NASDAQ:DMLP)

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