Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Acquires 4,000 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 4,000 shares of the stock in a transaction on Thursday, December 26th. The shares were bought at an average price of $32.86 per share, with a total value of $131,440.00. Following the acquisition, the insider now owns 32,728 shares of the company’s stock, valued at $1,075,442.08. This trade represents a 13.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The stock was bought at an average cost of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Stock Performance

DMLP stock traded up $0.63 during trading on Thursday, reaching $33.07. 46,260 shares of the company traded hands, compared to its average volume of 75,217. The business has a 50 day simple moving average of $32.91 and a 200 day simple moving average of $31.55. Dorchester Minerals, L.P. has a 12 month low of $28.41 and a 12 month high of $35.74. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 11.90 and a beta of 1.10.

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

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a dividend of $0.996 per share. This represents a $3.98 annualized dividend and a yield of 12.05%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, October 28th. Dorchester Minerals’s payout ratio is 143.17%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DMLP. HighTower Advisors LLC increased its holdings in shares of Dorchester Minerals by 38.4% during the third quarter. HighTower Advisors LLC now owns 11,515 shares of the energy company’s stock valued at $348,000 after acquiring an additional 3,192 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Dorchester Minerals during the 3rd quarter worth approximately $300,000. GraniteShares Advisors LLC increased its stake in Dorchester Minerals by 14.2% during the 2nd quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock valued at $1,874,000 after purchasing an additional 7,576 shares in the last quarter. Atomi Financial Group Inc. raised its holdings 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 worth $208,000 after buying an additional 459 shares during the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals during the third quarter worth $166,000. 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.