Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Acquires $200,850.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 6,500 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $30.90 per share, with a total value of $200,850.00. Following the acquisition, the insider now directly owns 47,682 shares in the company, valued at $1,473,373.80. This represents a 15.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, January 31st, Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock. The shares were purchased at an average price of $31.69 per share, with a total value of $237,675.00.
• On Monday, December 30th, Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock. The shares were purchased at an average price of $33.19 per share, with a total value of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester purchased 4,000 shares of Dorchester Minerals stock. The shares were purchased at an average price of $32.86 per share, with a total value of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average price of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Stock Performance

Shares of Dorchester Minerals stock opened at $31.00 on Wednesday. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 11.15 and a beta of 1.07. The stock has a 50 day moving average price of $33.00 and a 200-day moving average price of $31.87. Dorchester Minerals, L.P. has a one year low of $28.41 and a one year high of $35.74.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be issued a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date of this dividend is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is 143.17%.

Hedge Funds Weigh In On Dorchester Minerals

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares during the period. LGT Financial Advisors LLC purchased a new position in shares of Dorchester Minerals in the 3rd quarter worth approximately $166,000. Apollon Wealth Management LLC purchased a new position in shares of Dorchester Minerals in the 4th quarter worth approximately $228,000. MADDEN SECURITIES Corp bought a new stake in shares of Dorchester Minerals during the 3rd quarter worth approximately $223,000. Finally, Atomi Financial Group Inc. lifted its stake in shares of Dorchester Minerals by 29.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock worth $262,000 after acquiring an additional 1,954 shares during the last quarter. Hedge funds and other 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.