Dorchester Minerals LP (NASDAQ:DMLP) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 129,200 shares, a growth of 12.2% from the September 30th total of 115,200 shares. Based on an average daily trading volume, of 35,100 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.4% of the company’s shares are short sold.
In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were acquired at an average price of $17.87 per share, with a total value of $53,610.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 10,440 shares of company stock worth $187,042 in the last quarter. 9.40% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DMLP. First Trust Advisors LP increased its stake in shares of Dorchester Minerals by 3.5% in the first quarter. First Trust Advisors LP now owns 319,183 shares of the energy company’s stock worth $5,828,000 after purchasing an additional 10,877 shares in the last quarter. Adams Asset Advisors LLC grew its stake in Dorchester Minerals by 0.7% during the second quarter. Adams Asset Advisors LLC now owns 533,397 shares of the energy company’s stock valued at $9,766,000 after acquiring an additional 3,734 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Dorchester Minerals by 1,228.0% during the second quarter. AdvisorNet Financial Inc now owns 3,984 shares of the energy company’s stock valued at $73,000 after acquiring an additional 3,684 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Dorchester Minerals by 11.9% during the second quarter. Commonwealth Equity Services LLC now owns 27,323 shares of the energy company’s stock valued at $500,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Albert D Mason Inc. grew its stake in Dorchester Minerals by 1.6% during the second quarter. Albert D Mason Inc. now owns 41,340 shares of the energy company’s stock valued at $757,000 after acquiring an additional 640 shares in the last quarter. 19.39% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:DMLP traded up $0.04 during mid-day trading on Friday, hitting $17.95. 23,200 shares of the company’s stock were exchanged, compared to its average volume of 54,539. Dorchester Minerals has a one year low of $14.11 and a one year high of $20.25. The company has a market cap of $629.44 million, a PE ratio of 10.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.46 and a quick ratio of 8.46. The business has a fifty day moving average price of $17.95 and a 200 day moving average price of $18.32.
Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, October 31st. The energy company reported $0.35 EPS for the quarter. Dorchester Minerals had a net margin of 70.82% and a return on equity of 50.73%. The business had revenue of $19.57 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a $0.4991 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.12%.
About Dorchester Minerals
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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