Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Acquires 3,218 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama purchased 3,218 shares of the stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the transaction, the chief financial officer now owns 71,400 shares of the company’s stock, valued at $2,327,640. The trade was a 4.72 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP traded up $0.32 during mid-day trading on Friday, hitting $33.09. The company had a trading volume of 36,866 shares, compared to its average volume of 68,690. Dorchester Minerals, L.P. has a 12 month low of $27.90 and a 12 month high of $35.74. The firm has a market cap of $1.57 billion, a P/E ratio of 11.79 and a beta of 1.09. The business’s 50-day simple moving average is $31.39 and its 200-day simple moving average is $31.34.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. The business 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 business also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a $0.996 dividend. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.98 annualized dividend and a yield of 12.04%. Dorchester Minerals’s payout ratio is currently 143.17%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. HWG Holdings LP acquired a new stake in shares of Dorchester Minerals in the 2nd quarter valued at $30,000. Perkins Coie Trust Co acquired a new position in shares of Dorchester Minerals in the 2nd quarter worth approximately $31,000. TCTC Holdings LLC acquired a new position in Dorchester Minerals in the first quarter worth $67,000. BNP Paribas Financial Markets bought a new stake in shares of Dorchester Minerals during the first quarter worth $110,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals in the third quarter valued at $166,000. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

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.