Dorchester Minerals, L.P. (NASDAQ:DMLP) Short Interest Down 8.8% in January

Dorchester Minerals, L.P. (NASDAQ:DMLP) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 349,100 shares, a decline of 8.8% from the January 15th total of 382,900 shares. Based on an average trading volume of 141,200 shares, the short-interest ratio is presently 2.5 days. Currently, 0.8% of the shares of the company are short sold.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP traded up $0.04 during mid-day trading on Tuesday, hitting $31.98. 130,206 shares of the company’s stock traded hands, compared to its average volume of 167,561. The company’s 50-day moving average is $32.61 and its two-hundred day moving average is $31.95. The company has a market capitalization of $1.51 billion, a P/E ratio of 11.50 and a beta of 1.07. Dorchester Minerals has a 1 year low of $28.41 and a 1 year high of $35.74.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were given a dividend of $0.7394 per share. This represents a $2.96 annualized dividend and a dividend yield of 9.25%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is 106.12%.

Insider Activity

In related news, CFO Leslie A. Moriyama purchased 12,050 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the purchase, the chief financial officer now directly owns 83,450 shares in the company, valued at $2,871,514.50. This trade represents a 16.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Minerals Operating Dorchester bought 954 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $33.19 per share, for a total transaction of $31,663.26. Following the completion of the transaction, the insider now directly owns 33,682 shares in the company, valued at approximately $1,117,905.58. This represents a 2.91 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 52,269 shares of company stock valued at $1,732,575 in the last 90 days. Company insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Dorchester Minerals

Hedge funds have recently added to or reduced their stakes in the company. Graney & King LLC bought a new position in Dorchester Minerals during the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC grew its holdings in Dorchester Minerals by 638.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock valued at $37,000 after purchasing an additional 952 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 556 shares in the last quarter. LGT Financial Advisors LLC bought a new position in Dorchester Minerals in the 3rd quarter worth about $166,000. Finally, Virtus ETF Advisers LLC grew its stake in Dorchester Minerals by 7.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock worth $191,000 after acquiring an additional 402 shares in the last quarter. 19.21% of the stock is currently owned by 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.