Dorchester Minerals, L.P. (NASDAQ:DMLP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.79 and last traded at $17.79, with a volume of 415 shares trading hands. The stock had previously closed at $17.26.
The company has a fifty day simple moving average of $16.62 and a 200-day simple moving average of $15.71. The company has a market capitalization of $637.29 million, a PE ratio of 15.93 and a beta of 1.44.
Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, August 5th. The energy company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $21.36 million during the quarter. Dorchester Minerals had a return on equity of 43.77% and a net margin of 63.04%.
In other Dorchester Minerals news, CFO Leslie A. Moriyama purchased 2,133 shares of the firm’s stock in a transaction dated Thursday, August 19th. The shares were acquired at an average price of $15.55 per share, with a total value of $33,168.15. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Minerals Operating Dorchester purchased 5,000 shares of the firm’s stock in a transaction dated Monday, July 19th. The stock was acquired at an average cost of $15.69 per share, for a total transaction of $78,450.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 10,583 shares of company stock valued at $167,853. 8.00% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of Dorchester Minerals by 12.4% in the 2nd quarter. Morgan Stanley now owns 328,627 shares of the energy company’s stock valued at $5,538,000 after purchasing an additional 36,172 shares during the last quarter. Bank of America Corp DE lifted its stake in Dorchester Minerals by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 156,163 shares of the energy company’s stock worth $2,631,000 after acquiring an additional 1,433 shares in the last quarter. First Trust Advisors LP acquired a new position in Dorchester Minerals during the 2nd quarter worth about $5,235,000. Royal Bank of Canada lifted its stake in Dorchester Minerals by 12.2% during the 2nd quarter. Royal Bank of Canada now owns 11,992 shares of the energy company’s stock worth $202,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Dorchester Minerals by 3.8% during the 2nd quarter. Stifel Financial Corp now owns 55,038 shares of the energy company’s stock worth $927,000 after acquiring an additional 2,000 shares in the last quarter. 16.51% of the stock is currently owned by institutional investors and hedge funds.
Dorchester Minerals Company Profile (NASDAQ:DMLP)
Dorchester Minerals LP engages in the acquisition, ownership, and administration of royalty properties and net profits interests. Its NPI represents a net profits overriding royalty interest burdening various properties owned by the operating partnership; and royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests.
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