Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Purchases $237,675.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 7,500 shares of Dorchester Minerals stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $31.69 per share, for a total transaction of $237,675.00. Following the completion of the transaction, the insider now owns 41,182 shares of the company’s stock, valued at approximately $1,305,057.58. This represents a 22.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 4th, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average cost of $30.90 per share, for a total transaction of $200,850.00.
• On Monday, December 30th, Minerals Operating Dorchester bought 954 shares of Dorchester Minerals stock. The shares were acquired at an average price of $33.19 per share, with a total value of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester purchased 4,000 shares of Dorchester Minerals stock. The stock was acquired at an average price of $32.86 per share, for a total transaction of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock. The shares were acquired at an average price of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Stock Down 0.4 %

Shares of Dorchester Minerals stock traded down $0.14 on Tuesday, hitting $31.00. 126,895 shares of the company’s stock traded hands, compared to its average volume of 187,245. Dorchester Minerals, L.P. has a 52-week low of $28.41 and a 52-week high of $35.74. The stock has a market cap of $1.47 billion, a P/E ratio of 11.15 and a beta of 1.07. The firm’s 50-day moving average is $33.05 and its 200 day moving average is $31.87.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.7394 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.54%. Dorchester Minerals’s dividend payout ratio (DPR) is 143.17%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Round Rock Advisors LLC acquired a new stake in shares of Dorchester Minerals in the 4th quarter valued at about $3,877,000. Burford Brothers Inc. acquired a new stake in Dorchester Minerals during the fourth quarter valued at approximately $976,000. Capital Advisory Group Advisory Services LLC bought a new position in Dorchester Minerals during the 4th quarter worth approximately $837,000. Canton Hathaway LLC acquired a new position in shares of Dorchester Minerals in the 4th quarter worth approximately $616,000. Finally, One Charles Private Wealth Services LLC bought a new stake in shares of Dorchester Minerals in the 3rd quarter valued at approximately $331,000. 19.21% of the stock is owned by institutional investors and hedge funds.

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.