Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Acquires 4,000 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price of $32.86 per share, with a total value of $131,440.00. Following the transaction, the insider now owns 32,728 shares of the company’s stock, valued at $1,075,442.08. The trade was a 13.92 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Minerals Operating Dorchester also recently made the following trade(s):

• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The stock was acquired at an average price of $32.21 per share, for a total transaction of $209,365.00.

Dorchester Minerals Stock Up 1.9 %

NASDAQ DMLP traded up $0.63 during trading hours on Thursday, reaching $33.07. The company’s stock had a trading volume of 46,260 shares, compared to its average volume of 75,217. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.90 and a beta of 1.10. The firm’s 50-day moving average price is $32.91 and its 200-day moving average price is $31.55. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74.

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

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a $0.996 dividend. This represents a $3.98 annualized dividend and a dividend yield of 12.05%. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, October 28th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 143.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DMLP. HWG Holdings LP purchased a new position in Dorchester Minerals during the 2nd quarter valued at $30,000. JPMorgan Chase & Co. increased its holdings in Dorchester Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares during the period. LGT Financial Advisors LLC purchased a new position in Dorchester Minerals during the 3rd quarter worth $166,000. Atomi Financial Group Inc. raised its position in Dorchester Minerals by 7.3% during the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after purchasing an additional 459 shares in the last quarter. Finally, MADDEN SECURITIES Corp purchased a new stake in shares of Dorchester Minerals in the 3rd quarter worth $223,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Dorchester Minerals Company Profile

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.