Dorchester Minerals (NASDAQ:DMLP) Hits New 12-Month Low – Should You Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $28.25 and last traded at $28.30, with a volume of 86004 shares traded. The stock had previously closed at $29.65.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Dorchester Minerals from a “buy” rating to a “hold” rating in a research note on Monday, February 24th.

Dorchester Minerals Trading Down 5.1 %

The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 13.27 and a beta of 1.08. The firm has a 50 day moving average price of $30.68 and a 200-day moving average price of $31.92.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $39.71 million during the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a yield of 10.51%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s dividend payout ratio (DPR) is presently 139.15%.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of $31.69 per share, with a total value of $237,675.00. Following the completion of the transaction, the insider now directly owns 41,182 shares in the company, valued at approximately $1,305,057.58. This represents a 22.27 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Bradley J. Ehrman bought 3,356 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the transaction, the chief executive officer now owns 117,710 shares of the company’s stock, valued at $3,507,758. The trade was a 2.93 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 17,691 shares of company stock valued at $548,939 over the last three months. 5.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its stake in Dorchester Minerals by 38.4% in the third quarter. HighTower Advisors LLC now owns 11,515 shares of the energy company’s stock valued at $348,000 after purchasing an additional 3,192 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dorchester Minerals by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company’s stock valued at $749,000 after acquiring an additional 1,109 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Dorchester Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after acquiring an additional 556 shares during the period. Baker Tilly Wealth Management LLC boosted its position in shares of Dorchester Minerals by 15.4% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 12,084 shares of the energy company’s stock worth $403,000 after acquiring an additional 1,613 shares during the last quarter. Finally, Albert D Mason Inc. grew its holdings in Dorchester Minerals by 1.8% in the fourth quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock valued at $998,000 after purchasing an additional 525 shares during the period. Hedge funds and other 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.