Dorchester Minerals (NASDAQ:DMLP) Insider Purchases $206,700.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 7,500 shares of the stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $27.56 per share, for a total transaction of $206,700.00. Following the completion of the acquisition, the insider owned 70,017 shares in the company, valued at $1,929,668.52. This represents a 12.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 20th, Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock. The shares were bought at an average price of $28.30 per share, for a total transaction of $212,250.00.

Dorchester Minerals Stock Down 0.1%

Dorchester Minerals stock opened at $28.12 on Friday. The company’s fifty day simple moving average is $27.67 and its 200-day simple moving average is $25.38. Dorchester Minerals, L.P. has a 12 month low of $20.85 and a 12 month high of $28.95. The stock has a market cap of $1.36 billion, a P/E ratio of 20.23 and a beta of 0.54.

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

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 4th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Monday, May 4th. Dorchester Minerals’s payout ratio is currently 136.69%.

Institutional Investors Weigh In On Dorchester Minerals

Several institutional investors and hedge funds have recently modified their holdings of the business. Adams Asset Advisors LLC lifted its stake in shares of Dorchester Minerals by 9.1% in the 4th quarter. Adams Asset Advisors LLC now owns 814,852 shares of the energy company’s stock valued at $18,220,000 after purchasing an additional 68,177 shares during the last quarter. Hollow Brook Wealth Management LLC acquired a new stake in shares of Dorchester Minerals in the 3rd quarter valued at $20,790,000. ArchPoint Investors lifted its stake in shares of Dorchester Minerals by 4.1% in the 4th quarter. ArchPoint Investors now owns 559,260 shares of the energy company’s stock valued at $12,505,000 after purchasing an additional 22,201 shares during the last quarter. MidFirst Bank acquired a new stake in shares of Dorchester Minerals in the 4th quarter valued at $11,049,000. Finally, Texas Yale Capital Corp. lifted its stake in shares of Dorchester Minerals by 15.8% in the 4th quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company’s stock valued at $4,506,000 after purchasing an additional 27,500 shares during the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

Analyst Ratings Changes

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