Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Acquires 7,500 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $31.69 per share, with a total value of $237,675.00. Following the transaction, the insider now owns 41,182 shares of the company’s stock, valued at approximately $1,305,057.58. The trade was a 22.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 4th, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The stock was purchased at an average cost of $30.90 per share, with a total value of $200,850.00.
• On Monday, December 30th, Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock. The shares were acquired at an average cost of $33.19 per share, for a total transaction of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $32.86 per share, with a total value of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The shares were acquired at an average price of $32.21 per share, for a total transaction of $209,365.00.

Dorchester Minerals Trading Down 0.4 %

Shares of NASDAQ DMLP traded down $0.14 on Tuesday, reaching $31.00. 126,895 shares of the company traded hands, compared to its average volume of 187,245. The stock has a market capitalization of $1.47 billion, a PE ratio of 11.15 and a beta of 1.07. Dorchester Minerals, L.P. has a fifty-two week low of $28.41 and a fifty-two week high of $35.74. The company has a 50 day moving average of $33.05 and a 200 day moving average of $31.87.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be given a dividend of $0.7394 per share. This represents a $2.96 annualized dividend and a 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

Hedge funds have recently made changes to their positions in the stock. Horizon Kinetics Asset Management LLC increased its position in Dorchester Minerals by 0.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock worth $27,041,000 after purchasing an additional 5,210 shares in the last quarter. Round Rock Advisors LLC purchased a new stake in Dorchester Minerals during the fourth quarter worth approximately $3,877,000. Moors & Cabot Inc. increased its position in shares of Dorchester Minerals by 0.6% in the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after acquiring an additional 639 shares in the last quarter. Independent Advisor Alliance raised its stake in shares of Dorchester Minerals by 1.4% in the 3rd quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock valued at $2,211,000 after acquiring an additional 1,000 shares during the period. Finally, GraniteShares Advisors LLC lifted its holdings in shares of Dorchester Minerals by 1.0% during the 4th quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company’s stock valued at $2,442,000 after acquiring an additional 743 shares in the last quarter. 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.