Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) CEO Bradley J. Ehrman bought 3,356 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of $29.80 per share, for a total transaction of $100,008.80. Following the completion of the purchase, the chief executive officer now directly owns 117,710 shares of the company's stock, valued at approximately $3,507,758. This trade represents a 2.93 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Dorchester Minerals Price Performance
Dorchester Minerals stock opened at $29.40 on Wednesday. The stock has a market cap of $1.39 billion, a PE ratio of 13.87 and a beta of 1.07. The stock's fifty day moving average is $32.35 and its two-hundred day moving average is $31.99. Dorchester Minerals, L.P. has a 1-year low of $28.25 and a 1-year high of $35.74.
Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last issued its earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share for the quarter. The business had revenue of $39.71 million for the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%.
Dorchester Minerals Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were given a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals's dividend payout ratio (DPR) is 139.15%.
Institutional Investors Weigh In On Dorchester Minerals
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clarity Financial LLC increased its position in shares of Dorchester Minerals by 40.6% during the third quarter. Clarity Financial LLC now owns 10,520 shares of the energy company's stock worth $317,000 after purchasing an additional 3,040 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in Dorchester Minerals in the third quarter valued at approximately $166,000. Moors & Cabot Inc. boosted 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 acquiring an additional 639 shares during the period. One Charles Private Wealth Services LLC purchased a new position in shares of Dorchester Minerals during the third quarter worth approximately $331,000. Finally, Independent Advisor Alliance increased its holdings in shares of Dorchester Minerals by 1.4% in the 3rd quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company's stock valued at $2,211,000 after acquiring an additional 1,000 shares during the period. 19.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Dorchester Minerals from a "buy" rating to a "hold" rating in a research report on Monday, February 24th.
Read Our Latest Research Report on Dorchester Minerals
Dorchester Minerals Company Profile
(
Get Free Report)
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.
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