Insider Buying: Dorchester Minerals (NASDAQ:DMLP) Insider Buys 7,500 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $28.30 per share, with a total value of $212,250.00. Following the completion of the purchase, the insider owned 62,517 shares of the company’s stock, valued at $1,769,231.10. This trade represents a 13.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Dorchester Minerals Price Performance

NASDAQ:DMLP traded down $0.14 during trading hours on Friday, reaching $27.47. 75,557 shares of the company were exchanged, compared to its average volume of 178,180. The business has a 50 day moving average of $27.61 and a 200 day moving average of $25.08. Dorchester Minerals, L.P. has a 1-year low of $20.85 and a 1-year high of $28.95. The company has a market capitalization of $1.33 billion, a P/E ratio of 19.76 and a beta of 0.56.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 earnings per share for the quarter. The firm had revenue of $58.88 million during the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Monday, May 4th. Dorchester Minerals’s payout ratio is 136.69%.

Institutional Trading of Dorchester Minerals

Several institutional investors and hedge funds have recently modified their holdings of DMLP. Adams Asset Advisors LLC lifted its holdings in shares of Dorchester Minerals by 9.1% in the fourth quarter. Adams Asset Advisors LLC now owns 814,852 shares of the energy company’s stock worth $18,220,000 after acquiring an additional 68,177 shares during the last quarter. Hollow Brook Wealth Management LLC acquired a new position in Dorchester Minerals during the 3rd quarter worth approximately $20,790,000. ArchPoint Investors lifted its stake in Dorchester Minerals by 4.1% in the 4th quarter. ArchPoint Investors now owns 559,260 shares of the energy company’s stock valued at $12,505,000 after purchasing an additional 22,201 shares during the last quarter. MidFirst Bank bought a new position in Dorchester Minerals in the 4th quarter valued at approximately $11,049,000. Finally, Texas Yale Capital Corp. boosted its position in Dorchester Minerals by 15.8% in the fourth quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company’s stock valued at $4,506,000 after buying an additional 27,500 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on DMLP. Wall Street Zen raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

About Dorchester Minerals

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.