Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Buys 335 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 335 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were acquired at an average cost of $31.06 per share, for a total transaction of $10,405.10. Following the completion of the acquisition, the insider now directly owns 48,017 shares of the company’s stock, valued at $1,491,408.02. This trade represents a 0.70 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 4th, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $30.90 per share, for a total transaction of $200,850.00.
• On Friday, January 31st, Minerals Operating Dorchester bought 7,500 shares of Dorchester Minerals stock. The shares were bought at an average cost of $31.69 per share, with a total value of $237,675.00.
• On Monday, December 30th, Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock. The stock was bought at an average cost of $33.19 per share, for a total transaction of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock. The shares were bought at an average price of $32.86 per share, with a total value of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average cost of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Trading Down 0.2 %

Dorchester Minerals stock traded down $0.05 during midday trading on Friday, reaching $31.34. 97,714 shares of the stock traded hands, compared to its average volume of 178,385. The firm has a fifty day moving average price of $32.82 and a two-hundred day moving average price of $31.86. Dorchester Minerals, L.P. has a fifty-two week low of $28.41 and a fifty-two week high of $35.74. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 11.27 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be paid a $0.7394 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.96 annualized dividend and a dividend yield of 9.44%. Dorchester Minerals’s payout ratio is 143.17%.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Round Rock Advisors LLC bought a new position in shares of Dorchester Minerals in the fourth quarter valued at approximately $3,877,000. Burford Brothers Inc. acquired a new stake in Dorchester Minerals in the fourth quarter worth approximately $976,000. Capital Advisory Group Advisory Services LLC bought a new position in Dorchester Minerals during the 4th quarter valued at $837,000. Raymond James Financial Inc. acquired a new position in shares of Dorchester Minerals during the 4th quarter valued at $783,000. Finally, Fisher Asset Management LLC bought a new stake in shares of Dorchester Minerals in the 4th quarter worth $650,000. 19.21% of the stock is currently owned by institutional investors.

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.