Dorchester Minerals (NASDAQ:DMLP) CEO Bradley Ehrman Acquires 1,000 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley Ehrman purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was bought at an average cost of $21.26 per share, for a total transaction of $21,260.00. Following the completion of the acquisition, the chief executive officer directly owned 118,710 shares of the company’s stock, valued at $2,523,774.60. This represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Dorchester Minerals Trading Down 2.9%

NASDAQ DMLP traded down $0.64 during trading hours on Thursday, reaching $21.26. 515,496 shares of the company traded hands, compared to its average volume of 127,089. The stock has a market capitalization of $1.03 billion, a PE ratio of 12.36 and a beta of 0.60. Dorchester Minerals, L.P. has a 12 month low of $21.18 and a 12 month high of $34.88. The company has a 50 day moving average of $24.31 and a two-hundred day moving average of $25.93.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%.

Dorchester Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were issued a $0.6899 dividend. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.62. This represents a $2.76 annualized dividend and a yield of 13.0%. The ex-dividend date of this dividend was Monday, November 3rd. Dorchester Minerals’s dividend payout ratio is presently 255.56%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dorchester Minerals in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Winch Advisory Services LLC acquired a new stake in Dorchester Minerals during the second quarter worth about $28,000. Atlantic Union Bankshares Corp acquired a new position in Dorchester Minerals in the second quarter valued at approximately $33,000. Geneos Wealth Management Inc. grew its holdings in shares of Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Dorchester Minerals by 157.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,570 shares of the energy company’s stock valued at $72,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Dorchester Minerals by 14.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after purchasing an additional 463 shares during the period. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Company Profile

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.