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

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

Dorchester Minerals Price Performance

Shares of DMLP stock opened at $33.11 on Tuesday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 11.91 and a beta of 1.09. Dorchester Minerals has a 1 year low of $28.41 and a 1 year high of $35.74. The firm has a fifty day moving average price of $33.30 and a 200-day moving average price of $31.88.

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

Insider Activity

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock in a transaction dated Monday, December 30th. The stock was purchased at an average price of $33.19 per share, with a total value of $31,663.26. Following the transaction, the insider now directly owns 33,682 shares of the company’s stock, valued at $1,117,905.58. This trade represents a 2.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Leslie A. Moriyama acquired 3,218 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the acquisition, the chief financial officer now owns 71,400 shares of the company’s stock, valued at $2,327,640. The trade was a 4.72 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 41,152 shares of company stock valued at $1,388,552 in the last ninety days. 7.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorchester Minerals

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC increased its stake in shares of Dorchester Minerals by 0.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock worth $27,041,000 after purchasing an additional 5,210 shares in the last quarter. Moors & Cabot Inc. increased its stake in Dorchester Minerals by 0.6% in the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after buying an additional 639 shares in the last quarter. Independent Advisor Alliance raised its holdings in 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 acquiring an additional 1,000 shares during the period. Inscription Capital LLC lifted its position 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 acquiring an additional 6,000 shares in the last quarter. Finally, Albert D Mason Inc. boosted its stake in shares of Dorchester Minerals by 1.8% in the fourth quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock worth $998,000 after acquiring an additional 525 shares during the period. Institutional investors own 19.21% of the company’s stock.

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.