Dorchester Minerals, L.P. (NASDAQ:DMLP) Sees Significant Growth in Short Interest

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 395,900 shares, a growth of 5.2% from the December 15th total of 376,300 shares. Based on an average daily trading volume, of 107,700 shares, the short-interest ratio is currently 3.7 days. Currently, 0.9% of the company’s shares are sold short.

Insider Activity

In related news, CEO Bradley J. Ehrman acquired 14,430 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $34.41 per share, with a total value of $496,536.30. Following the transaction, the chief executive officer now owns 29,622 shares of the company’s stock, valued at $1,019,293.02. The trade was a 94.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Leslie A. Moriyama acquired 3,218 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the transaction, the chief financial officer now directly owns 71,400 shares in the company, valued at $2,327,640. This represents a 4.72 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 41,152 shares of company stock valued at $1,388,552 in the last quarter. Company insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Dorchester Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in DMLP. Albert D Mason Inc. raised its holdings in shares of Dorchester Minerals by 1.8% in the 4th quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock valued at $998,000 after purchasing an additional 525 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after purchasing an additional 556 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Dorchester Minerals by 0.6% in 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 during the period. Redhawk Wealth Advisors Inc. raised its holdings in shares of Dorchester Minerals by 7.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after purchasing an additional 701 shares during the period. Finally, HWG Holdings LP bought a new stake in shares of Dorchester Minerals in the 2nd quarter valued at about $30,000. 19.21% of the stock is owned by institutional investors.

Dorchester Minerals Stock Down 1.5 %

DMLP traded down $0.51 during trading on Monday, hitting $33.11. The company had a trading volume of 251,464 shares, compared to its average volume of 113,549. The company has a market capitalization of $1.57 billion, a PE ratio of 11.91 and a beta of 1.09. Dorchester Minerals has a one year low of $28.41 and a one year high of $35.74. The firm’s 50-day moving average price is $33.31 and its 200 day moving average price is $31.87.

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

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.