Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Purchases 6,500 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 6,500 shares of the stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $30.90 per share, with a total value of $200,850.00. Following the acquisition, the insider now owns 47,682 shares in the company, valued at approximately $1,473,373.80. This represents a 15.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

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

Dorchester Minerals Trading Up 1.3 %

Shares of DMLP opened at $31.39 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 11.29 and a beta of 1.07. Dorchester Minerals, L.P. has a 12 month low of $28.41 and a 12 month high of $35.74. The firm has a fifty day simple moving average of $32.88 and a 200 day simple moving average of $31.86.

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.7394 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.42%. Dorchester Minerals’s dividend payout ratio is 143.17%.

Institutional Trading of Dorchester Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 556 shares during the last quarter. LGT Financial Advisors LLC bought a new stake in shares of Dorchester Minerals during the 3rd quarter worth approximately $166,000. Apollon Wealth Management LLC bought a new stake in shares of Dorchester Minerals during the 4th quarter worth approximately $228,000. MADDEN SECURITIES Corp acquired a new stake in shares of Dorchester Minerals in the 3rd quarter valued at approximately $223,000. Finally, Atomi Financial Group Inc. grew its stake in shares of Dorchester Minerals by 29.0% in the third quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after buying an additional 1,954 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

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.