Insider Buying: Dorchester Minerals (NASDAQ:DMLP) CFO Purchases $147,075.10 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie Moriyama acquired 5,197 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average price of $28.30 per share, with a total value of $147,075.10. Following the acquisition, the chief financial officer owned 103,405 shares of the company’s stock, valued at approximately $2,926,361.50. This trade represents a 5.29% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorchester Minerals Stock Up 0.6%

Shares of DMLP traded up $0.16 on Wednesday, hitting $28.21. The company’s stock had a trading volume of 194,085 shares, compared to its average volume of 184,536. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 16.03 and a beta of 0.54. The firm’s fifty day moving average price is $26.49 and its 200-day moving average price is $26.79. Dorchester Minerals, L.P. has a fifty-two week low of $20.85 and a fifty-two week high of $28.95.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $56.08 million during the quarter. Dorchester Minerals had a net margin of 45.45% and a return on equity of 28.43%.

Dorchester Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd were given a dividend of $1.2729 per share. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $5.09 dividend on an annualized basis and a yield of 18.0%. Dorchester Minerals’s payout ratio is currently 289.20%.

Analyst Ratings Changes

DMLP has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Dorchester Minerals in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. bought a new position in shares of Dorchester Minerals in the second quarter valued at $25,000. Trust Co. of Vermont bought a new position in shares of Dorchester Minerals in the 2nd quarter valued at about $348,000. Redhawk Wealth Advisors Inc. grew its position in shares of Dorchester Minerals by 83.6% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 17,743 shares of the energy company’s stock valued at $448,000 after acquiring an additional 8,079 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Dorchester Minerals by 58.0% during the 1st quarter. Glenmede Trust Co. NA now owns 54,502 shares of the energy company’s stock worth $1,477,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Amundi bought a new stake in shares of Dorchester Minerals in the 1st quarter valued at about $421,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

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.