Dorchester Minerals, L.P. (NASDAQ:DMLP) Short Interest Update

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 395,900 shares, an increase of 5.2% from the December 31st total of 376,300 shares. Based on an average daily trading volume, of 107,700 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.9% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, CFO Leslie A. Moriyama purchased 12,050 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the acquisition, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at $2,871,514.50. This trade represents a 16.88 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley J. Ehrman purchased 14,430 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $34.41 per share, with a total value of $496,536.30. Following the acquisition, the chief executive officer now directly owns 29,622 shares in the company, valued at approximately $1,019,293.02. This represents a 94.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 41,152 shares of company stock worth $1,388,552. 7.10% of the stock is owned by insiders.

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. grew its stake in Dorchester Minerals by 29.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after acquiring an additional 1,954 shares during the last quarter. MADDEN SECURITIES Corp acquired a new stake in Dorchester Minerals in the 3rd quarter valued at about $223,000. Exchange Traded Concepts LLC acquired a new stake in Dorchester Minerals in the 3rd quarter valued at about $300,000. Redhawk Wealth Advisors Inc. grew its stake in Dorchester Minerals by 7.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after acquiring an additional 701 shares during the last quarter. Finally, Inscription Capital LLC boosted its stake in shares of Dorchester Minerals by 14.8% during the 3rd quarter. Inscription Capital LLC now owns 46,500 shares of the energy company’s stock worth $1,402,000 after purchasing an additional 6,000 shares during the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Stock Down 1.3 %

Shares of DMLP opened at $31.42 on Monday. The company has a 50-day simple moving average of $33.10 and a 200-day simple moving average of $31.88. The company has a market capitalization of $1.49 billion, a PE ratio of 11.30 and a beta of 1.09. Dorchester Minerals has a 52-week low of $28.41 and a 52-week high of $35.74.

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

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be paid a $0.7394 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.41%. Dorchester Minerals’s payout ratio is 143.17%.

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.