Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Purchases 335 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 335 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average price of $31.06 per share, with a total value of $10,405.10. Following the completion of the acquisition, the insider now directly owns 48,017 shares of the company’s stock, valued at $1,491,408.02. This represents a 0.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was acquired at an average price of $30.90 per share, with a total value of $200,850.00.
• On Friday, January 31st, Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock. The shares were acquired at an average price of $31.69 per share, for a total transaction of $237,675.00.
• On Monday, December 30th, Minerals Operating Dorchester bought 954 shares of Dorchester Minerals stock. The shares were bought at an average cost of $33.19 per share, for a total transaction of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester bought 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.
• On Monday, December 23rd, Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average price of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Trading Down 0.2 %

NASDAQ DMLP opened at $31.34 on Friday. Dorchester Minerals, L.P. has a 12-month low of $28.41 and a 12-month high of $35.74. The firm’s fifty day simple moving average is $32.82 and its two-hundred day simple moving average is $31.86. The firm has a market capitalization of $1.48 billion, a P/E ratio of 11.27 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be given a $0.7394 dividend. This represents a $2.96 annualized dividend and a dividend yield of 9.44%. The ex-dividend date of this dividend is Monday, February 3rd. Dorchester Minerals’s payout ratio is currently 143.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after acquiring an additional 556 shares during the period. LGT Financial Advisors LLC acquired a new position in shares of Dorchester Minerals in the third quarter valued at about $166,000. Apollon Wealth Management LLC purchased a new position in shares of Dorchester Minerals in the fourth quarter worth about $228,000. MADDEN SECURITIES Corp acquired a new stake in shares of Dorchester Minerals during the third quarter worth about $223,000. Finally, Atomi Financial Group Inc. boosted its position in Dorchester Minerals by 29.0% in the third quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock valued at $262,000 after buying an additional 1,954 shares during the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

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.