Dorchester Minerals (NASDAQ:DMLP) Insider Minerals Operating Dorchester Acquires 10,000 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of $22.30 per share, for a total transaction of $223,000.00. Following the purchase, the insider directly owned 35,017 shares in the company, valued at $780,879.10. This trade represents a 39.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, December 19th, Minerals Operating Dorchester purchased 5,000 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $22.23 per share, for a total transaction of $111,150.00.

Dorchester Minerals Stock Performance

DMLP traded down $0.12 during trading on Tuesday, reaching $22.15. 131,615 shares of the company traded hands, compared to its average volume of 134,020. The company has a market cap of $1.07 billion, a P/E ratio of 20.50 and a beta of 0.61. Dorchester Minerals, L.P. has a 12-month low of $20.85 and a 12-month high of $34.88. The firm has a fifty day simple moving average of $23.19 and a 200 day simple moving average of $25.21.

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 net margin of 36.27% and a return on equity of 16.22%.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd were issued a $0.6899 dividend. This represents a $2.76 annualized dividend and a dividend yield of 12.5%. 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 payout ratio is presently 255.56%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Dorchester Minerals in a report on Monday, December 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Winch Advisory Services LLC purchased a new stake in Dorchester Minerals during the 2nd quarter valued at $28,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Dorchester Minerals in the second quarter valued at $33,000. Geneos Wealth Management Inc. lifted its holdings in shares of Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after acquiring an additional 440 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Dorchester Minerals by 157.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the energy company’s stock worth $72,000 after purchasing an additional 1,570 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after purchasing an additional 463 shares during the last quarter. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.