Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Purchases $209,365.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 6,500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $32.21 per share, for a total transaction of $209,365.00. Following the acquisition, the insider now owns 28,728 shares of the company’s stock, valued at $925,328.88. This represents a 29.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Minerals Operating Dorchester also recently made the following trade(s):

• On Thursday, December 26th, Minerals Operating Dorchester bought 4,000 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.86 per share, with a total value of $131,440.00.

Dorchester Minerals Price Performance

DMLP traded up $0.63 during trading on Thursday, reaching $33.07. 46,260 shares of the stock traded hands, compared to its average volume of 75,217. The stock’s 50-day simple moving average is $32.91 and its two-hundred day simple moving average is $31.55. Dorchester Minerals, L.P. has a fifty-two week low of $28.41 and a fifty-two week high of $35.74. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 11.90 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%. The firm had revenue of $53.47 million during the quarter.

Dorchester Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were paid a $0.996 dividend. The ex-dividend date was Monday, October 28th. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a dividend yield of 12.05%. Dorchester Minerals’s dividend payout ratio is 143.17%.

Institutional Investors Weigh In On Dorchester Minerals

Large investors have recently made changes to their positions in the stock. Atomi Financial Group Inc. grew its stake in shares of Dorchester Minerals by 7.3% in the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after buying an additional 459 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares during the period. Moors & Cabot Inc. increased its stake in shares of Dorchester Minerals by 0.6% in the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after purchasing an additional 639 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Dorchester Minerals by 3.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock valued at $734,000 after acquiring an additional 688 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in Dorchester Minerals by 7.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after acquiring an additional 701 shares during the period. Institutional investors 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.