Dorchester Minerals (NASDAQ:DMLP) Insider Minerals Operating Dorchester Purchases 7,500 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 7,500 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $27.56 per share, with a total value of $206,700.00. Following the acquisition, the insider directly owned 70,017 shares of the company’s stock, valued at approximately $1,929,668.52. This represents a 12.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 bought 7,500 shares of Dorchester Minerals stock. The shares were purchased at an average cost of $28.30 per share, with a total value of $212,250.00.

Dorchester Minerals Stock Performance

DMLP opened at $28.06 on Wednesday. Dorchester Minerals, L.P. has a fifty-two week low of $20.85 and a fifty-two week high of $28.95. The company has a market capitalization of $1.35 billion, a P/E ratio of 20.19 and a beta of 0.54. The stock has a fifty day moving average of $27.64 and a 200-day moving average of $25.29.

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

Dorchester Minerals Cuts Dividend

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

Institutional Trading of Dorchester Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its stake in shares of Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after purchasing an additional 440 shares during the last quarter. Creative Planning grew its stake in shares of Dorchester Minerals by 4.6% in the third quarter. Creative Planning now owns 10,163 shares of the energy company’s stock worth $263,000 after purchasing an additional 450 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its stake in shares of Dorchester Minerals by 1.5% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after purchasing an additional 450 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Dorchester Minerals by 14.1% in the second 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 last quarter. Finally, Lido Advisors LLC grew its stake in shares of Dorchester Minerals by 4.7% in the fourth quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock worth $366,000 after purchasing an additional 738 shares during the last quarter. Institutional investors own 19.21% of the company’s stock.

Analyst Ratings Changes

DMLP has been the topic of a number of research reports. Weiss Ratings raised shares of Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 27th. Wall Street Zen raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Dorchester Minerals has an average rating of “Hold”.

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.