Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Purchases $414,640.50 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama acquired 12,050 shares of the stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $34.41 per share, with a total value of $414,640.50. Following the transaction, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at approximately $2,871,514.50. The trade was a 16.88 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Dorchester Minerals Stock Up 0.2 %

Shares of NASDAQ DMLP opened at $33.22 on Friday. The firm’s fifty day moving average is $32.59 and its 200 day moving average is $31.50. Dorchester Minerals, L.P. has a 52 week low of $28.41 and a 52 week high of $35.74. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 11.95 and a beta of 1.10.

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

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were issued a dividend of $0.996 per share. This represents a $3.98 dividend on an annualized basis and a 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 payout ratio is currently 143.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Albert D Mason Inc. increased its stake in shares of Dorchester Minerals by 1.3% during the second quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock valued at $907,000 after buying an additional 382 shares during the period. Atomi Financial Group Inc. boosted its holdings in Dorchester Minerals by 7.3% in the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after acquiring an additional 459 shares in the last quarter. Moors & Cabot Inc. increased its position in Dorchester Minerals by 0.6% during the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after purchasing an additional 639 shares during the period. Commonwealth Equity Services LLC increased its position in Dorchester Minerals by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock valued at $734,000 after purchasing an additional 688 shares during the period. Finally, Redhawk Wealth Advisors Inc. raised its holdings in Dorchester Minerals by 7.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock worth $291,000 after purchasing an additional 701 shares in the last quarter. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Company Profile

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.