Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Acquires 7,500 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $31.69 per share, with a total value of $237,675.00. Following the transaction, the insider now directly owns 41,182 shares of the company’s stock, valued at $1,305,057.58. This represents a 22.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, February 4th, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The shares were acquired at an average price of $30.90 per share, for a total transaction of $200,850.00.
• On Monday, December 30th, Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock. The stock was acquired at an average price of $33.19 per share, with a total value of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock. The shares were acquired at an average cost of $32.86 per share, for a total transaction of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP opened at $31.00 on Thursday. The firm’s 50-day moving average price is $32.93 and its 200-day moving average price is $31.86. 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 $1.47 billion, a PE ratio of 11.15 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be issued a $0.7394 dividend. This represents a $2.96 annualized dividend and a yield of 9.54%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is currently 106.12%.

Institutional Investors Weigh In On Dorchester Minerals

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after buying an additional 556 shares during the last quarter. LGT Financial Advisors LLC bought a new position in Dorchester Minerals in the third quarter valued at about $166,000. MADDEN SECURITIES Corp bought a new position in Dorchester Minerals in the third quarter valued at about $223,000. Apollon Wealth Management LLC purchased a new position in Dorchester Minerals in the fourth quarter worth about $228,000. Finally, Atomi Financial Group Inc. grew its stake in shares of Dorchester Minerals by 29.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after purchasing an additional 1,954 shares during the period. 19.21% of the stock is currently 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.