Dorchester Minerals, L.P. (DMLP) Insider Acquires $273,672.00 in Stock
Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 18,900 shares of Dorchester Minerals, L.P. stock in a transaction on Friday, September 8th. The stock was purchased at an average price of $14.48 per share, with a total value of $273,672.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Dorchester Minerals, L.P. (NASDAQ DMLP) traded down 1.38% during midday trading on Friday, reaching $14.30. The company’s stock had a trading volume of 131,111 shares. The company’s 50-day moving average price is $14.56 and its 200 day moving average price is $15.93. The firm has a market capitalization of $461.59 million, a PE ratio of 14.93 and a beta of 0.80. Dorchester Minerals, L.P. has a 1-year low of $13.90 and a 1-year high of $19.30.
Dorchester Minerals, L.P. (NASDAQ:DMLP) last released its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.26 earnings per share (EPS) for the quarter. Dorchester Minerals, L.P. had a return on equity of 41.71% and a net margin of 65.28%. The business had revenue of $12.55 million during the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Monday, July 31st were given a dividend of $0.323 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $1.29 dividend on an annualized basis and a yield of 8.91%. Dorchester Minerals, L.P.’s dividend payout ratio is currently 135.79%.
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A number of equities research analysts have weighed in on DMLP shares. TheStreet cut Dorchester Minerals, L.P. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. BidaskClub upgraded Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th.
Large investors have recently added to or reduced their stakes in the stock. First Manhattan Co. boosted its position in Dorchester Minerals, L.P. by 4.7% during the 2nd quarter. First Manhattan Co. now owns 16,650 shares of the energy company’s stock valued at $240,000 after purchasing an additional 750 shares during the period. Lee Financial Co raised its stake in Dorchester Minerals, L.P. by 9.5% during the 2nd quarter. Lee Financial Co now owns 23,001 shares of the energy company’s stock valued at $332,000 after acquiring an additional 2,000 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake in Dorchester Minerals, L.P. by 38.6% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 37,170 shares of the energy company’s stock valued at $537,000 after acquiring an additional 10,354 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Dorchester Minerals, L.P. during the 2nd quarter valued at $274,000. Finally, Virtu KCG Holdings LLC bought a new stake in Dorchester Minerals, L.P. during the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 13.33% of the company’s stock.
Dorchester Minerals, L.P. Company Profile
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
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