Bradley J. Ehrman Purchases 3,356 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman purchased 3,356 shares of the stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the acquisition, the chief executive officer now owns 117,710 shares of the company’s stock, valued at approximately $3,507,758. The trade was a 2.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dorchester Minerals Stock Up 1.7 %

Shares of DMLP stock opened at $29.89 on Thursday. Dorchester Minerals, L.P. has a 12 month low of $28.25 and a 12 month high of $35.74. The business’s 50 day moving average is $32.29 and its two-hundred day moving average is $31.97. The company has a market cap of $1.41 billion, a PE ratio of 14.10 and a beta of 1.07.

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

Dorchester Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were given a $0.7394 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 annualized dividend and a dividend yield of 9.89%. Dorchester Minerals’s dividend payout ratio is 139.15%.

Institutional Investors Weigh In On Dorchester Minerals

Several hedge funds have recently modified their holdings of DMLP. Graney & King LLC bought a new stake in shares of Dorchester Minerals in the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC boosted its position in shares of Dorchester Minerals by 638.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock valued at $37,000 after acquiring an additional 952 shares during the period. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 556 shares during the period. LGT Financial Advisors LLC bought a new stake in shares of Dorchester Minerals in the third quarter valued at approximately $166,000. Finally, Virtus ETF Advisers LLC boosted its position in shares of Dorchester Minerals by 7.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock valued at $191,000 after acquiring an additional 402 shares during the period. 19.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.