Dorchester Minerals, L.P. (NASDAQ:DMLP) Short Interest Update

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 395,900 shares, an increase of 5.2% from the December 15th total of 376,300 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 107,700 shares, the days-to-cover ratio is presently 3.7 days.

Insider Buying and Selling

In related news, CEO Bradley J. Ehrman bought 14,430 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of $34.41 per share, with a total value of $496,536.30. Following the transaction, the chief executive officer now owns 29,622 shares in the company, valued at approximately $1,019,293.02. This trade represents a 94.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $32.21 per share, with a total value of $209,365.00. Following the purchase, the insider now directly owns 28,728 shares in the company, valued at $925,328.88. The trade was a 29.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 41,152 shares of company stock valued at $1,388,552 over the last three months. 7.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dorchester Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in DMLP. Albert D Mason Inc. lifted its position in Dorchester Minerals by 1.8% during the fourth quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock worth $998,000 after buying an additional 525 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after purchasing an additional 556 shares during the last quarter. Moors & Cabot Inc. raised its stake in Dorchester Minerals by 0.6% in the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after buying an additional 639 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its position in shares of Dorchester Minerals by 7.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after buying an additional 701 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in shares of Dorchester Minerals in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 19.21% of the company’s stock.

Dorchester Minerals Price Performance

DMLP stock traded down $0.51 during trading on Monday, hitting $33.11. 251,464 shares of the company traded hands, compared to its average volume of 113,549. The stock’s 50-day simple moving average is $33.31 and its 200 day simple moving average is $31.87. Dorchester Minerals has a 1 year low of $28.41 and a 1 year high of $35.74. The company has a market cap of $1.57 billion, a PE ratio of 11.91 and a beta of 1.09.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, October 31st. The energy company reported $0.87 EPS for the quarter. The firm had revenue of $53.47 million for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

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.