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

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $28.30 per share, for a total transaction of $212,250.00. Following the acquisition, the insider owned 62,517 shares in the company, valued at $1,769,231.10. This represents a 13.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dorchester Minerals Price Performance

DMLP stock traded down $0.14 during midday trading on Friday, reaching $27.47. 75,557 shares of the stock were exchanged, compared to its average volume of 178,180. Dorchester Minerals, L.P. has a 52 week low of $20.85 and a 52 week high of $28.95. The company has a fifty day moving average price of $27.61 and a 200 day moving average price of $25.08. The stock has a market capitalization of $1.33 billion, a PE ratio of 19.76 and a beta of 0.56.

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

Dorchester Minerals Cuts Dividend

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

Institutional Trading of Dorchester Minerals

Several institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its holdings in Dorchester Minerals by 59.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after purchasing an additional 440 shares during the last quarter. Creative Planning boosted its stake in shares of Dorchester Minerals by 4.6% in the 3rd quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after purchasing an additional 450 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its position in shares of Dorchester Minerals by 1.5% during the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after buying an additional 450 shares during the period. Osaic Holdings Inc. increased its position in shares of Dorchester Minerals by 14.1% during the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after buying an additional 463 shares during the period. Finally, Lido Advisors LLC raised its stake in Dorchester Minerals by 4.7% during the fourth quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock worth $366,000 after buying an additional 738 shares during the last quarter. 19.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on DMLP. Wall Street Zen upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.