Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Acquires 954 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 954 shares of the business’s stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $33.19 per share, for a total transaction of $31,663.26. Following the completion of the transaction, the insider now owns 33,682 shares in the company, valued at approximately $1,117,905.58. This represents a 2.91 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, December 26th, Minerals Operating Dorchester bought 4,000 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.86 per share, with a total value of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Price Performance

NASDAQ:DMLP opened at $33.33 on Thursday. The firm’s 50-day moving average price is $32.93 and its 200-day moving average price is $31.61. The company has a market capitalization of $1.58 billion, a PE ratio of 11.99 and a beta of 1.10. Dorchester Minerals, L.P. has a 1-year low of $28.41 and a 1-year high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%. The business had revenue of $53.47 million for the quarter.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were paid a dividend of $0.996 per share. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.98 dividend on an annualized basis and a yield of 11.95%. Dorchester Minerals’s payout ratio is presently 143.17%.

Institutional Investors Weigh In On Dorchester Minerals

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after acquiring an additional 556 shares in the last quarter. Moors & Cabot Inc. increased its stake in Dorchester Minerals by 0.6% during the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after purchasing an additional 639 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Dorchester Minerals by 3.0% in the second quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock worth $734,000 after buying an additional 688 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Dorchester Minerals by 7.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock worth $291,000 after buying an additional 701 shares in the last quarter. Finally, HWG Holdings LP bought a new stake in shares of Dorchester Minerals during the second quarter valued at approximately $30,000. 19.21% of the stock is owned by institutional investors.

About Dorchester Minerals

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.