Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman Purchases 14,430 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman acquired 14,430 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of $34.41 per share, with a total value of $496,536.30. Following the completion of the acquisition, the chief executive officer now directly owns 29,622 shares of the company’s stock, valued at $1,019,293.02. This represents a 94.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP opened at $33.14 on Friday. The stock has a market capitalization of $1.57 billion, a P/E ratio of 11.92 and a beta of 1.10. The business has a 50-day moving average of $32.52 and a two-hundred day moving average of $31.50. Dorchester Minerals, L.P. has a fifty-two week low of $28.41 and a fifty-two week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%. The firm had revenue of $53.47 million during the quarter.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a $0.996 dividend. The ex-dividend date of this dividend was Monday, October 28th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a yield of 12.02%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 143.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. HWG Holdings LP acquired a new position in shares of Dorchester Minerals during the second quarter worth approximately $30,000. Perkins Coie Trust Co bought a new position in Dorchester Minerals during the second quarter worth $31,000. LGT Financial Advisors LLC acquired a new position in Dorchester Minerals during the 3rd quarter valued at $166,000. Atomi Financial Group Inc. boosted its holdings in Dorchester Minerals by 7.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after purchasing an additional 459 shares during the period. Finally, MADDEN SECURITIES Corp acquired a new stake in Dorchester Minerals in the 3rd quarter worth $223,000. Institutional investors and hedge funds 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.