Dorchester Minerals (NASDAQ:DMLP) Sets New 12-Month Low – Here’s Why

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.02 and last traded at $21.08, with a volume of 13737 shares trading hands. The stock had previously closed at $21.26.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Dorchester Minerals from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Dorchester Minerals currently has an average rating of “Sell”.

Dorchester Minerals Price Performance

The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.75 and a beta of 0.60. The business has a fifty day moving average of $24.16 and a 200 day moving average of $25.83.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, November 6th. The energy company reported $0.23 EPS for the quarter. Dorchester Minerals had a return on equity of 22.49% and a net margin of 47.35%.

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a $0.6899 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.62. This represents a $2.76 dividend on an annualized basis and a yield of 12.6%. Dorchester Minerals’s dividend payout ratio is currently 255.56%.

Insiders Place Their Bets

In related news, CEO Bradley J. Ehrman acquired 2,487 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $21.60 per share, for a total transaction of $53,719.20. Following the acquisition, the chief executive officer owned 121,197 shares in the company, valued at $2,617,855.20. The trade was a 2.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Leslie A. Moriyama acquired 3,041 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were bought at an average cost of $21.50 per share, with a total value of $65,381.50. Following the transaction, the chief financial officer directly owned 83,673 shares in the company, valued at $1,798,969.50. This trade represents a 3.77% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 11,143 shares of company stock valued at $239,168 over the last 90 days. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DMLP. Virtus Advisers LLC purchased a new position in shares of Dorchester Minerals during the third quarter worth $119,000. Hollow Brook Wealth Management LLC acquired a new position in Dorchester Minerals during the 3rd quarter worth about $20,790,000. Creative Planning boosted its holdings in Dorchester Minerals by 4.6% during the 3rd quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after acquiring an additional 450 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. grew its position in Dorchester Minerals by 1.5% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock valued at $776,000 after acquiring an additional 450 shares in the last quarter. Finally, UBS Group AG grew its position in Dorchester Minerals by 121.7% in the 3rd quarter. UBS Group AG now owns 86,964 shares of the energy company’s stock valued at $2,251,000 after acquiring an additional 47,744 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

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.