Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Purchases 6,500 Shares of Stock

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

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

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

Dorchester Minerals Price Performance

Dorchester Minerals stock opened at $33.28 on Friday. The business has a 50 day simple moving average of $32.92 and a 200 day simple moving average of $31.56. Dorchester Minerals, L.P. has a one year low of $28.41 and a one year high of $35.74. The company has a market capitalization of $1.58 billion, a PE ratio of 11.97 and a beta of 1.10.

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

Dorchester Minerals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Monday, October 28th were issued a dividend of $0.996 per share. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, October 28th. This represents a $3.98 annualized dividend and a dividend yield of 11.97%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 143.17%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. HWG Holdings LP acquired a new stake in Dorchester Minerals during the 2nd quarter valued at $30,000. JPMorgan Chase & Co. increased its stake in shares of Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after buying an additional 556 shares in the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals in the third quarter valued at $166,000. 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 valued at $208,000 after buying an additional 459 shares during the last quarter. Finally, MADDEN SECURITIES Corp acquired a new position in Dorchester Minerals during the 3rd quarter worth about $223,000. 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.