Dorchester Minerals (NASDAQ:DMLP) CEO Bradley Ehrman Acquires 4,000 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley Ehrman purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was purchased at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the acquisition, the chief executive officer owned 142,723 shares of the company’s stock, valued at $3,822,121.94. The trade was a 2.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Dorchester Minerals Stock Performance

DMLP traded up $0.72 during midday trading on Tuesday, reaching $27.22. 118,068 shares of the company were exchanged, compared to its average volume of 174,097. Dorchester Minerals, L.P. has a one year low of $20.85 and a one year high of $28.95. The stock has a market capitalization of $1.31 billion, a P/E ratio of 19.58 and a beta of 0.56. The stock’s 50-day simple moving average is $27.45 and its 200 day simple moving average is $24.94.

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

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 4th will be issued a dividend of $0.475 per share. The ex-dividend date is Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a yield of 7.0%. Dorchester Minerals’s dividend payout ratio (DPR) is 136.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DMLP shares. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds and other institutional investors have recently bought and sold shares of DMLP. Geneos Wealth Management Inc. raised its position in Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after buying an additional 440 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Dorchester Minerals during the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC increased its position in shares of Dorchester Minerals by 4,918.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after purchasing an additional 3,000 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Dorchester Minerals during the 4th quarter worth approximately $68,000. Finally, Osaic Holdings Inc. increased 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 last quarter. 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.