Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Buys 6,500 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 6,500 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $32.21 per share, with a total value of $209,365.00. Following the completion of the purchase, the insider now owns 28,728 shares of the company’s stock, valued at approximately $925,328.88. The trade was a 29.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, December 26th, Minerals Operating Dorchester bought 4,000 shares of Dorchester Minerals stock. The shares were acquired at an average price of $32.86 per share, for a total transaction of $131,440.00.

Dorchester Minerals Trading Up 1.9 %

Shares of DMLP stock traded up $0.63 on Thursday, hitting $33.07. 46,260 shares of the stock were exchanged, compared to its average volume of 75,217. The firm has a market capitalization of $1.57 billion, a PE ratio of 11.90 and a beta of 1.10. Dorchester Minerals, L.P. has a one year low of $28.41 and a one year high of $35.74. The firm’s 50 day moving average is $32.91 and its two-hundred day moving average is $31.55.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a dividend of $0.996 per share. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a dividend yield of 12.05%. The ex-dividend date was Monday, October 28th. Dorchester Minerals’s dividend payout ratio (DPR) is 143.17%.

Institutional Investors Weigh In On Dorchester Minerals

A number of large investors have recently added to or reduced their stakes in DMLP. Atomi Financial Group Inc. raised its position in shares of Dorchester Minerals by 7.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after acquiring an additional 459 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Dorchester Minerals by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock valued at $734,000 after acquiring an additional 688 shares during the last quarter. GraniteShares Advisors LLC grew its position in Dorchester Minerals by 14.2% in the 2nd quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock worth $1,874,000 after purchasing an additional 7,576 shares during the period. Moors & Cabot Inc. lifted its holdings in Dorchester Minerals by 1.6% in the second quarter. Moors & Cabot Inc. now owns 101,911 shares of the energy company’s stock valued at $3,144,000 after acquiring an additional 1,611 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Dorchester Minerals during the 2nd quarter worth $308,000. 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.