Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Purchases 4,000 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 4,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was purchased at an average cost of $32.86 per share, for a total transaction of $131,440.00. Following the acquisition, the insider now owns 32,728 shares in the company, valued at $1,075,442.08. The trade was a 13.92 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average cost of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Trading Up 0.6 %

NASDAQ DMLP opened at $33.28 on Friday. Dorchester Minerals, L.P. has a 1-year low of $28.41 and a 1-year high of $35.74. The company has a 50 day moving average of $32.92 and a 200-day moving average of $31.56. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 11.97 and a beta of 1.10.

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

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were issued a $0.996 dividend. This represents a $3.98 dividend on an annualized basis and a dividend yield of 11.97%. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, October 28th. Dorchester Minerals’s payout ratio is currently 143.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. increased its position in Dorchester Minerals by 7.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after acquiring an additional 459 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 purchasing an additional 556 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Dorchester Minerals by 0.6% in the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after purchasing an additional 639 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Dorchester Minerals by 3.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock worth $734,000 after purchasing an additional 688 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in Dorchester Minerals by 7.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock worth $291,000 after buying an additional 701 shares in the last quarter. Institutional investors and hedge funds 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.