Dorchester Minerals (NASDAQ:DMLP) Trading Up 1.6%

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s share price was up 1.6% during mid-day trading on Friday . The stock traded as high as $34.94 and last traded at $34.70. Approximately 24,950 shares were traded during trading, a decline of 69% from the average daily volume of 79,602 shares. The stock had previously closed at $34.16.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th.

Dorchester Minerals Price Performance

The company’s 50-day moving average is $32.08 and its 200-day moving average is $30.71. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.04 and a beta of 1.11.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 68.89% and a return on equity of 66.48%. The business had revenue of $50.42 million for the quarter.

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Monday, January 29th were given a $1.0079 dividend. The ex-dividend date of this dividend was Friday, January 26th. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.54. This represents a $4.03 annualized dividend and a dividend yield of 11.79%. Dorchester Minerals’s dividend payout ratio (DPR) is currently 141.90%.

Insider Buying and Selling

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 1,275 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $30.90 per share, for a total transaction of $39,397.50. Following the completion of the acquisition, the insider now owns 48,574 shares of the company’s stock, valued at approximately $1,500,936.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 13,775 shares of company stock valued at $448,648. Insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in Dorchester Minerals in the first quarter valued at approximately $25,000. McIlrath & Eck LLC purchased a new stake in shares of Dorchester Minerals during the fourth quarter valued at approximately $30,000. Tower Research Capital LLC TRC raised its stake in shares of Dorchester Minerals by 240.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock valued at $34,000 after purchasing an additional 754 shares during the period. Pin Oak Investment Advisors Inc. raised its stake in shares of Dorchester Minerals by 45.0% during the second quarter. Pin Oak Investment Advisors Inc. now owns 1,450 shares of the energy company’s stock valued at $43,000 after purchasing an additional 450 shares during the period. Finally, Citigroup Inc. raised its stake in shares of Dorchester Minerals by 4,306.7% during the third quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock valued at $77,000 after purchasing an additional 2,584 shares during the period. Hedge funds and other 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.