Dorchester Minerals (NASDAQ:DMLP) Sees Unusually-High Trading Volume – Here’s Why

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) saw an uptick in trading volume on Wednesday . 347,430 shares were traded during trading, an increase of 175% from the previous session’s volume of 126,248 shares.The stock last traded at $21.4550 and had previously closed at $21.90.

Analyst Upgrades and Downgrades

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

Dorchester Minerals Price Performance

The company has a fifty day moving average price of $24.40 and a two-hundred day moving average price of $25.96. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 12.38 and a beta of 0.60.

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

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd were given a $0.6899 dividend. This represents a $2.76 annualized dividend and a dividend yield of 12.9%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, November 3rd. Dorchester Minerals’s payout ratio is 255.56%.

Institutional Investors Weigh In On Dorchester Minerals

Several hedge funds have recently made changes to their positions in the company. Hollow Brook Wealth Management LLC acquired a new stake in shares of Dorchester Minerals in the 3rd quarter valued at $20,790,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dorchester Minerals by 258.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company’s stock valued at $12,390,000 after buying an additional 297,029 shares in the last quarter. Adams Asset Advisors LLC raised its holdings in Dorchester Minerals by 21.0% during the third quarter. Adams Asset Advisors LLC now owns 746,675 shares of the energy company’s stock valued at $19,331,000 after buying an additional 129,567 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Dorchester Minerals in the second quarter worth about $1,855,000. Finally, Texas Yale Capital Corp. boosted its stake in shares of Dorchester Minerals by 42.0% during the 2nd quarter. Texas Yale Capital Corp. now owns 173,150 shares of the energy company’s stock worth $4,824,000 after acquiring an additional 51,200 shares in the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

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.