Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Purchases $237,675.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 7,500 shares of the business’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $31.69 per share, with a total value of $237,675.00. Following the purchase, the insider now owns 41,182 shares in the company, valued at approximately $1,305,057.58. This represents a 22.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, February 4th, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The stock was bought at an average price of $30.90 per share, with a total value of $200,850.00.
• On Monday, December 30th, Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock. The shares were purchased at an average price of $33.19 per share, for a total transaction of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.86 per share, with a total value of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average cost of $32.21 per share, for a total transaction of $209,365.00.

Dorchester Minerals Price Performance

Shares of DMLP opened at $31.39 on Friday. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74. The stock has a 50 day simple moving average of $32.88 and a two-hundred day simple moving average of $31.86. The firm has a market cap of $1.49 billion, a P/E ratio of 11.29 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be issued a dividend of $0.7394 per share. This represents a $2.96 annualized dividend and a dividend yield of 9.42%. The ex-dividend date of this dividend is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is currently 143.17%.

Hedge Funds Weigh In On Dorchester Minerals

A number of large investors have recently added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC boosted its position in Dorchester Minerals by 0.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock valued at $27,041,000 after buying an additional 5,210 shares during the period. Round Rock Advisors LLC bought a new stake in shares of Dorchester Minerals in the 4th quarter valued at about $3,877,000. Moors & Cabot Inc. boosted its holdings in Dorchester Minerals by 0.6% during the 3rd quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after acquiring an additional 639 shares during the period. Independent Advisor Alliance grew its position in Dorchester Minerals by 1.4% during the 3rd quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock worth $2,211,000 after acquiring an additional 1,000 shares during the last quarter. Finally, GraniteShares Advisors LLC grew its position in Dorchester Minerals by 1.0% during the 4th quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company’s stock worth $2,442,000 after acquiring an additional 743 shares during the last quarter. 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.