Short Interest in Dorchester Minerals, L.P. (NASDAQ:DMLP) Expands By 5.2%

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 395,900 shares, a growth of 5.2% from the December 31st total of 376,300 shares. Based on an average daily trading volume, of 107,700 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.9% of the shares of the stock are short sold.

Dorchester Minerals Stock Performance

Shares of DMLP stock opened at $31.14 on Tuesday. Dorchester Minerals has a fifty-two week low of $28.41 and a fifty-two week high of $35.74. The company has a market capitalization of $1.47 billion, a P/E ratio of 11.20 and a beta of 1.07. The stock has a 50 day moving average price of $33.05 and a two-hundred day moving average price of $31.87.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.7394 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.96 annualized dividend and a yield of 9.50%. Dorchester Minerals’s payout ratio is currently 143.17%.

Insider Buying and Selling

In related news, CFO Leslie A. Moriyama acquired 12,050 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the completion of the acquisition, the chief financial officer now owns 83,450 shares in the company, valued at approximately $2,871,514.50. This represents a 16.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Minerals Operating Dorchester bought 954 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $33.19 per share, with a total value of $31,663.26. Following the completion of the acquisition, the insider now directly owns 33,682 shares in the company, valued at $1,117,905.58. This trade represents a 2.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 41,152 shares of company stock worth $1,388,552 in the last quarter. 7.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Dorchester Minerals

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake 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 worth $44,000 after purchasing an additional 556 shares during the last quarter. LGT Financial Advisors LLC bought a new stake in shares of Dorchester Minerals in the 3rd quarter worth approximately $166,000. MADDEN SECURITIES Corp purchased a new position in shares of Dorchester Minerals during the third quarter valued at approximately $223,000. Apollon Wealth Management LLC bought a new position in shares of Dorchester Minerals during the fourth quarter valued at approximately $228,000. Finally, Atomi Financial Group Inc. lifted its stake 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 worth $262,000 after acquiring an additional 1,954 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.