Minerals Operating Dorchester Purchases 2,900 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 2,900 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $32.23 per share, for a total transaction of $93,467.00. Following the purchase, the insider now owns 66,352 shares in the company, valued at $2,138,524.96. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Minerals Operating Dorchester also recently made the following trade(s):

• On Tuesday, July 16th, Minerals Operating Dorchester bought 3,000 shares of Dorchester Minerals stock. The shares were acquired at an average cost of $32.32 per share, for a total transaction of $96,960.00.
• On Tuesday, May 21st, Minerals Operating Dorchester bought 6,000 shares of Dorchester Minerals stock. The shares were acquired at an average cost of $31.88 per share, for a total transaction of $191,280.00.

Dorchester Minerals Trading Up 2.6 %

DMLP stock opened at $31.67 on Friday. The firm has a market capitalization of $1.27 billion, a PE ratio of 12.32 and a beta of 1.11. Dorchester Minerals, L.P. has a 1-year low of $27.16 and a 1-year high of $35.74. The business’s 50 day simple moving average is $31.59 and its 200 day simple moving average is $32.03.

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

Dorchester Minerals Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Monday, July 29th will be given a dividend of $0.702 per share. This represents a $2.81 annualized dividend and a yield of 8.87%. The ex-dividend date of this dividend is Monday, July 29th. Dorchester Minerals’s payout ratio is 121.79%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Albert D Mason Inc. increased its position in Dorchester Minerals by 1.3% during the 2nd quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock worth $907,000 after buying an additional 382 shares during the period. Commonwealth Equity Services LLC increased its position in Dorchester Minerals by 2.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 23,114 shares of the energy company’s stock worth $779,000 after buying an additional 505 shares during the period. Kovack Advisors Inc. increased its position in Dorchester Minerals by 7.0% during the 4th quarter. Kovack Advisors Inc. now owns 8,025 shares of the energy company’s stock worth $255,000 after buying an additional 525 shares during the period. Tower Research Capital LLC TRC increased its position in Dorchester Minerals by 240.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock worth $34,000 after buying an additional 754 shares during the period. Finally, Mather Group LLC. bought a new position in Dorchester Minerals during the 1st quarter worth $25,000. Institutional investors own 19.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dorchester Minerals Company Profile

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.