Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Purchases $209,365.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock in a transaction dated 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 completion of the purchase, the insider now directly owns 28,728 shares of the company’s stock, valued at $925,328.88. The trade was a 29.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, December 26th, Minerals Operating Dorchester bought 4,000 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.86 per share, for a total transaction of $131,440.00.

Dorchester Minerals Stock Performance

Dorchester Minerals stock opened at $33.28 on Friday. Dorchester Minerals, L.P. has a 52 week low of $28.41 and a 52 week high of $35.74. The firm has a market capitalization of $1.58 billion, a PE ratio of 11.97 and a beta of 1.10. The business’s 50-day simple moving average is $32.92 and its 200-day simple moving average is $31.56.

Dorchester Minerals (NASDAQ:DMLP) last issued 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 declared a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were issued a $0.996 dividend. The ex-dividend date of this dividend was Monday, October 28th. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a yield of 11.97%. Dorchester Minerals’s dividend payout ratio is 143.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Horizon Kinetics Asset Management LLC grew its position in Dorchester Minerals by 0.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock worth $27,041,000 after buying an additional 5,210 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Dorchester Minerals by 0.6% during the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after purchasing an additional 639 shares in the last quarter. Independent Advisor Alliance increased its position in shares of Dorchester Minerals by 1.4% during the third quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock valued at $2,211,000 after purchasing an additional 1,000 shares during the period. GraniteShares Advisors LLC raised its stake in shares of Dorchester Minerals by 14.2% in the second quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock valued at $1,874,000 after purchasing an additional 7,576 shares in the last quarter. Finally, Inscription Capital LLC raised its stake in shares of Dorchester Minerals by 14.8% in the third quarter. Inscription Capital LLC now owns 46,500 shares of the energy company’s stock valued at $1,402,000 after purchasing an additional 6,000 shares in the last quarter. 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.