Dorchester Minerals (NASDAQ:DMLP) CFO Leslie Moriyama Buys 5,197 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie Moriyama bought 5,197 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average price of $28.30 per share, for a total transaction of $147,075.10. Following the transaction, the chief financial officer directly owned 103,405 shares in the company, valued at approximately $2,926,361.50. This represents a 5.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Dorchester Minerals Trading Up 0.6%

DMLP stock opened at $28.21 on Thursday. 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 $1.38 billion, a price-to-earnings ratio of 16.03 and a beta of 0.54. The business’s 50-day moving average is $26.51 and its 200 day moving average is $26.81.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, August 6th. The energy company reported $0.62 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 45.45% and a return on equity of 28.43%. The business had revenue of $56.08 million during the quarter.

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 3rd were issued a $1.2729 dividend. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, August 3rd. This represents a $5.09 annualized dividend and a yield of 18.0%. Dorchester Minerals’s payout ratio is 289.20%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DMLP. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. acquired a new stake in Dorchester Minerals in the second quarter valued at about $25,000. Trust Co. of Vermont purchased a new position in shares of Dorchester Minerals during the 2nd quarter worth approximately $348,000. Redhawk Wealth Advisors Inc. raised its stake in shares of Dorchester Minerals by 83.6% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 17,743 shares of the energy company’s stock worth $448,000 after buying an additional 8,079 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Dorchester Minerals by 58.0% during the 1st quarter. Glenmede Trust Co. NA now owns 54,502 shares of the energy company’s stock worth $1,477,000 after buying an additional 20,000 shares in the last quarter. Finally, Amundi acquired a new stake in shares of Dorchester Minerals in the 1st quarter valued at approximately $421,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

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.