Dorchester Minerals (NASDAQ:DMLP) Reaches New 12-Month Low – What’s Next?

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s share price reached a new 52-week low on Saturday . The company traded as low as $23.92 and last traded at $23.93, with a volume of 197633 shares. The stock had previously closed at $24.74.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dorchester Minerals in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Dorchester Minerals Price Performance

The company has a market capitalization of $1.13 billion, a PE ratio of 13.91 and a beta of 0.61. The company’s fifty day moving average is $25.26 and its 200-day moving average is $27.06.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, August 7th. The energy company reported $0.25 EPS for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%. The company had revenue of $32.40 million during the quarter.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 4th were given a dividend of $0.6202 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.48 dividend on an annualized basis and a yield of 10.4%. Dorchester Minerals’s dividend payout ratio is presently 144.19%.

Institutional Trading of Dorchester Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in DMLP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dorchester Minerals by 258.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company’s stock valued at $12,390,000 after buying an additional 297,029 shares during the period. Round Rock Advisors LLC lifted its stake in shares of Dorchester Minerals by 140.0% in the first quarter. Round Rock Advisors LLC now owns 279,153 shares of the energy company’s stock worth $8,397,000 after buying an additional 162,828 shares in the last quarter. Adams Asset Advisors LLC raised its stake in Dorchester Minerals by 21.0% during the third quarter. Adams Asset Advisors LLC now owns 746,675 shares of the energy company’s stock worth $19,331,000 after purchasing an additional 129,567 shares during the period. Jane Street Group LLC purchased a new position in Dorchester Minerals during the second quarter worth about $1,855,000. Finally, Texas Yale Capital Corp. raised its stake in Dorchester Minerals by 42.0% during the second quarter. Texas Yale Capital Corp. now owns 173,150 shares of the energy company’s stock worth $4,824,000 after purchasing an additional 51,200 shares during the period. Institutional investors and hedge funds 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.