Dorchester Minerals (NASDAQ:DMLP) Insider Purchases $111,150.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was acquired at an average price of $22.23 per share, for a total transaction of $111,150.00. Following the completion of the acquisition, the insider directly owned 25,017 shares of the company’s stock, valued at $556,127.91. This trade represents a 24.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Minerals Operating Dorchester also recently made the following trade(s):

• On Monday, December 22nd, Minerals Operating Dorchester acquired 10,000 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $22.30 per share, for a total transaction of $223,000.00.

Dorchester Minerals Stock Performance

DMLP opened at $22.21 on Friday. The company has a fifty day moving average price of $23.08 and a two-hundred day moving average price of $25.13. The firm has a market capitalization of $1.07 billion, a PE ratio of 20.56 and a beta of 0.61. Dorchester Minerals, L.P. has a 52 week low of $20.85 and a 52 week high of $34.88.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd were given a dividend of $0.6899 per share. This represents a $2.76 annualized dividend and a dividend yield of 12.4%. The ex-dividend date was Monday, November 3rd. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.62. Dorchester Minerals’s dividend payout ratio is presently 255.56%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Dorchester Minerals in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Dorchester Minerals

Several large investors have recently modified their holdings of DMLP. Beacon Pointe Advisors LLC acquired a new stake in shares of Dorchester Minerals during the second quarter worth about $1,137,000. Adams Asset Advisors LLC increased its stake in Dorchester Minerals by 10.3% during the 2nd quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company’s stock worth $17,193,000 after purchasing an additional 57,600 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Dorchester Minerals by 6.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock worth $1,073,000 after buying an additional 2,101 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dorchester Minerals by 258.6% in 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 in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in Dorchester Minerals in the second quarter valued at approximately $218,000. 19.21% of the stock is currently owned by institutional investors.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.