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

Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 75,400 shares, a decrease of 44.9% from the March 31st total of 136,800 shares. Based on an average daily trading volume, of 98,200 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

Separately, StockNews.com lowered shares of Dorchester Minerals from a “strong-buy” rating to a “buy” rating in a research report on Friday.

In related news, CFO Leslie A. Moriyama purchased 1,945 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, March 8th. The stock was bought at an average price of $24.58 per share, for a total transaction of $47,808.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Bradley J. Ehrman purchased 1,309 shares of Dorchester Minerals stock in a transaction that occurred on Wednesday, March 9th. The shares were bought at an average price of $23.03 per share, with a total value of $30,146.27. The disclosure for this purchase can be found here. Corporate insiders own 7.50% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Choate Investment Advisors bought a new position in Dorchester Minerals during the first quarter worth about $218,000. Howard Financial Services LTD. lifted its holdings in shares of Dorchester Minerals by 1.9% in the first quarter. Howard Financial Services LTD. now owns 33,619 shares of the energy company’s stock worth $872,000 after buying an additional 636 shares in the last quarter. Meixler Investment Management Ltd. purchased a new stake in shares of Dorchester Minerals in the fourth quarter worth about $10,098,000. Goldman Sachs Group Inc. lifted its holdings in shares of Dorchester Minerals by 17.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 45,288 shares of the energy company’s stock worth $896,000 after buying an additional 6,677 shares in the last quarter. Finally, Concorde Financial Corp purchased a new stake in shares of Dorchester Minerals in the fourth quarter worth about $1,032,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.

NASDAQ:DMLP traded down $0.55 on Friday, reaching $26.11. 87,029 shares of the company’s stock were exchanged, compared to its average volume of 84,834. The firm has a market cap of $965.81 million, a price-to-earnings ratio of 13.46 and a beta of 1.19. Dorchester Minerals has a 52 week low of $14.51 and a 52 week high of $27.52. The stock has a fifty day simple moving average of $24.82 and a 200-day simple moving average of $21.87.

Dorchester Minerals (NASDAQ:DMLP – Get Rating) last issued its earnings results on Thursday, February 24th. The energy company reported $0.66 earnings per share for the quarter. The firm had revenue of $30.30 million during the quarter. Dorchester Minerals had a net margin of 75.11% and a return on equity of 63.57%.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 12th. Shareholders of record on Monday, May 2nd will be given a dividend of $0.754 per share. This represents a $3.02 dividend on an annualized basis and a yield of 11.55%. The ex-dividend date is Friday, April 29th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.64. Dorchester Minerals’s dividend payout ratio (DPR) is currently 131.96%.

About Dorchester Minerals (Get Rating)

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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