Dorchester Minerals (NASDAQ:DMLP) Rating Increased to Buy at StockNews.com

Dorchester Minerals (NASDAQ:DMLP) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Dorchester Minerals Stock Down 1.2 %

NASDAQ DMLP traded down $0.34 during trading hours on Monday, hitting $29.12. 104,462 shares of the stock were exchanged, compared to its average volume of 70,929. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 11.33 and a beta of 1.11. Dorchester Minerals has a 12-month low of $27.16 and a 12-month high of $35.74. The stock has a 50-day moving average of $31.35 and a 200 day moving average of $31.96.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, May 2nd. The energy company reported $0.44 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 66.16% and a return on equity of 58.40%. The firm had revenue of $30.98 million for the quarter.

Insider Activity

In other Dorchester Minerals news, CEO Bradley J. Ehrman bought 2,800 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were acquired at an average price of $29.50 per share, with a total value of $82,600.00. Following the purchase, the chief executive officer now owns 102,737 shares in the company, valued at approximately $3,030,741.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Bradley J. Ehrman purchased 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were purchased at an average price of $29.50 per share, with a total value of $82,600.00. Following the purchase, the chief executive officer now directly owns 102,737 shares of the company’s stock, valued at approximately $3,030,741.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Minerals Operating Dorchester purchased 2,900 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average cost of $32.23 per share, for a total transaction of $93,467.00. Following the purchase, the insider now directly owns 66,352 shares in the company, valued at $2,138,524.96. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 17,130 shares of company stock valued at $541,435. Company insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Mather Group LLC. acquired a new position in Dorchester Minerals during the 1st quarter valued at about $25,000. Perkins Coie Trust Co bought a new stake in shares of Dorchester Minerals during the 2nd quarter worth about $31,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Dorchester Minerals in the 1st quarter worth approximately $34,000. Tower Research Capital LLC TRC raised its holdings in shares of Dorchester Minerals by 240.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock worth $34,000 after purchasing an additional 754 shares in the last quarter. Finally, TCTC Holdings LLC purchased a new stake in shares of Dorchester Minerals in the 1st quarter valued at approximately $67,000. 19.21% of the stock is owned by institutional investors and hedge funds.

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.