Dorchester Minerals, L.P. (NASDAQ:DMLP) Short Interest Up 21.2% in February

Dorchester Minerals, L.P. (NASDAQ:DMLP) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 432,400 shares, a growth of 21.2% from the February 13th total of 356,900 shares. Based on an average daily volume of 161,900 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.0% of the company’s shares are short sold.

Dorchester Minerals Trading Up 0.3 %

Shares of DMLP opened at $29.95 on Thursday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 14.13 and a beta of 1.08. The firm has a 50-day moving average price of $31.46 and a 200 day moving average price of $31.90. Dorchester Minerals has a 12-month low of $28.25 and a 12-month high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. The company had revenue of $39.71 million for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were issued a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is currently 139.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

Insider Buying and Selling at Dorchester Minerals

In related news, insider Minerals Operating Dorchester acquired 954 shares of Dorchester Minerals stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of $33.19 per share, for a total transaction of $31,663.26. Following the purchase, the insider now directly owns 33,682 shares of the company’s stock, valued at approximately $1,117,905.58. This trade represents a 2.91 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bradley J. Ehrman acquired 3,356 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average price of $29.80 per share, with a total value of $100,008.80. Following the transaction, the chief executive officer now owns 117,710 shares of the company’s stock, valued at approximately $3,507,758. This represents a 2.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 29,145 shares of company stock worth $921,407. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dorchester Minerals

Large investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC raised its position in shares of Dorchester Minerals by 3.6% in the 4th quarter. Flagship Harbor Advisors LLC now owns 8,787 shares of the energy company’s stock worth $293,000 after buying an additional 302 shares during the period. Virtus ETF Advisers LLC raised its holdings in Dorchester Minerals by 7.5% during the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock worth $191,000 after purchasing an additional 402 shares in the last quarter. Albert D Mason Inc. raised its holdings in Dorchester Minerals by 1.8% during the fourth quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock worth $998,000 after purchasing an additional 525 shares in the last quarter. JPMorgan Chase & Co. grew its position in Dorchester Minerals by 62.6% during 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 in the last quarter. Finally, Moors & Cabot Inc. grew its position in Dorchester Minerals by 0.6% during the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after purchasing an additional 639 shares in the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

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.