Dorchester Minerals (NASDAQ:DMLP) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.97 and traded as low as $25.50. Dorchester Minerals shares last traded at $25.83, with a volume of 113,460 shares.

Analyst Upgrades and Downgrades

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

Dorchester Minerals Stock Performance

The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 19.06 and a beta of 0.55. The firm has a 50-day simple moving average of $26.71 and a two-hundred day simple moving average of $26.03.

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

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 4th were paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Monday, May 4th. Dorchester Minerals’s dividend payout ratio is presently 136.69%.

Insider Buying and Selling

In other Dorchester Minerals news, CEO Bradley J. Ehrman purchased 4,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the completion of the purchase, the chief executive officer directly owned 142,723 shares in the company, valued at approximately $3,822,121.94. The trade was a 2.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $27.56 per share, for a total transaction of $206,700.00. Following the transaction, the insider directly owned 70,017 shares of the company’s stock, valued at approximately $1,929,668.52. This trade represents a 12.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have acquired 19,000 shares of company stock worth $526,070. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DMLP. Hollow Brook Wealth Management LLC acquired a new stake in Dorchester Minerals in the 3rd quarter valued at about $20,790,000. Adams Asset Advisors LLC grew its position in shares of Dorchester Minerals by 9.1% during the fourth quarter. Adams Asset Advisors LLC now owns 814,852 shares of the energy company’s stock worth $18,220,000 after buying an additional 68,177 shares in the last quarter. ING Groep NV grew its position in shares of Dorchester Minerals by 38.3% during the fourth quarter. ING Groep NV now owns 131,500 shares of the energy company’s stock worth $2,940,000 after buying an additional 36,400 shares in the last quarter. GraniteShares Advisors LLC increased its stake in shares of Dorchester Minerals by 34.2% during the fourth quarter. GraniteShares Advisors LLC now owns 122,472 shares of the energy company’s stock worth $2,738,000 after buying an additional 31,226 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Dorchester Minerals by 147.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 98,028 shares of the energy company’s stock worth $2,192,000 after buying an additional 58,430 shares during the period. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

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.