Dorchester Minerals (NASDAQ:DMLP) CEO Bradley Ehrman Buys 2,487 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley Ehrman acquired 2,487 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were bought at an average cost of $21.60 per share, with a total value of $53,719.20. Following the purchase, the chief executive officer owned 121,197 shares in the company, valued at approximately $2,617,855.20. The trade was a 2.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dorchester Minerals Price Performance

NASDAQ:DMLP traded down $0.60 during trading hours on Wednesday, reaching $21.30. 443,013 shares of the company were exchanged, compared to its average volume of 126,615. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 12.39 and a beta of 0.60. The stock has a 50 day simple moving average of $24.40 and a 200 day simple moving average of $25.96. Dorchester Minerals, L.P. has a 52-week low of $21.18 and a 52-week high of $34.88.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share for the quarter. Dorchester Minerals had a return on equity of 22.49% and a net margin of 47.35%.

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a dividend of $0.6899 per share. This represents a $2.76 dividend on an annualized basis and a yield of 13.0%. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, November 3rd. Dorchester Minerals’s dividend payout ratio is presently 255.56%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dorchester Minerals in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Dorchester Minerals presently has a consensus rating of “Hold”.

Institutional Trading of Dorchester Minerals

Several large investors have recently modified their holdings of DMLP. Wealthedge Investment Advisors LLC purchased a new position in Dorchester Minerals in the first quarter valued at about $416,000. Virtu Financial LLC acquired a new position in shares of Dorchester Minerals in the 1st quarter valued at approximately $655,000. Adams Asset Advisors LLC raised its position in shares of Dorchester Minerals by 10.3% in the 2nd quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company’s stock valued at $17,193,000 after purchasing an additional 57,600 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Dorchester Minerals by 6.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock valued at $1,073,000 after buying an additional 2,101 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Dorchester Minerals by 258.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company’s stock worth $12,390,000 after buying an additional 297,029 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

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.