Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Purchases $18,345.60 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama purchased 1,680 shares of the stock in a transaction on Tuesday, December 29th. The shares were purchased at an average cost of $10.92 per share, with a total value of $18,345.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NASDAQ DMLP opened at $10.91 on Friday. Dorchester Minerals, L.P. has a 1-year low of $8.52 and a 1-year high of $21.46. The business has a 50-day moving average of $11.29 and a 200-day moving average of $11.05. The company has a market capitalization of $378.36 million, a price-to-earnings ratio of 13.81 and a beta of 1.48.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, November 5th. The energy company reported $0.16 earnings per share for the quarter. Dorchester Minerals had a return on equity of 27.71% and a net margin of 51.26%. The company had revenue of $12.55 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of DMLP. Jefferies Group LLC boosted its position in shares of Dorchester Minerals by 24.9% in the second quarter. Jefferies Group LLC now owns 724,381 shares of the energy company’s stock worth $9,258,000 after buying an additional 144,584 shares during the period. Arrow Investment Advisors LLC purchased a new stake in shares of Dorchester Minerals in the third quarter worth about $213,000. Morgan Stanley lifted its stake in shares of Dorchester Minerals by 7.3% in the third quarter. Morgan Stanley now owns 297,231 shares of the energy company’s stock worth $3,070,000 after acquiring an additional 20,350 shares in the last quarter. Virtus ETF Advisers LLC lifted its stake in shares of Dorchester Minerals by 21.9% in the third quarter. Virtus ETF Advisers LLC now owns 109,097 shares of the energy company’s stock worth $1,127,000 after acquiring an additional 19,574 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Dorchester Minerals in the second quarter worth about $141,000. 13.52% of the stock is owned by institutional investors.

Separately, BidaskClub downgraded Dorchester Minerals from a “hold” rating to a “sell” rating in a research report on Wednesday, December 23rd.

Dorchester Minerals Company Profile

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. Its royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 592 counties and parishes in 27 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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