Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Acquires $496,536.30 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman acquired 14,430 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $34.41 per share, with a total value of $496,536.30. Following the completion of the purchase, the chief executive officer now directly owns 29,622 shares in the company, valued at approximately $1,019,293.02. This trade represents a 94.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Dorchester Minerals Trading Up 0.2 %

Shares of DMLP opened at $33.22 on Friday. Dorchester Minerals, L.P. has a twelve month low of $28.41 and a twelve month high of $35.74. The firm has a market capitalization of $1.57 billion, a P/E ratio of 11.95 and a beta of 1.10. The stock’s fifty day simple moving average is $32.59 and its 200 day simple moving average is $31.50.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $0.87 EPS for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%. The company had revenue of $53.47 million for the quarter.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a $0.996 dividend. This represents a $3.98 dividend on an annualized basis and a dividend yield of 11.99%. The ex-dividend date was Monday, October 28th. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s dividend payout ratio (DPR) is currently 143.17%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. HWG Holdings LP acquired a new stake in shares of Dorchester Minerals in the second quarter valued at about $30,000. Perkins Coie Trust Co acquired a new stake in Dorchester Minerals in the second quarter valued at approximately $31,000. LGT Financial Advisors LLC purchased a new stake in shares of Dorchester Minerals during the third quarter valued at approximately $166,000. Atomi Financial Group Inc. lifted its position in shares of Dorchester Minerals by 7.3% during the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after purchasing an additional 459 shares in the last quarter. Finally, MADDEN SECURITIES Corp purchased a new position in shares of Dorchester Minerals in the third quarter valued at $223,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

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.