Dorchester Minerals (NASDAQ:DMLP) Issues Quarterly Earnings Results

Dorchester Minerals (NASDAQ:DMLP) announced its earnings results on Thursday. The energy company reported $0.24 EPS for the quarter, Zacks reports. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Dorchester Minerals Price Performance

NASDAQ DMLP traded down $0.33 during trading hours on Thursday, reaching $32.09. The company’s stock had a trading volume of 127,861 shares, compared to its average volume of 165,935. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 11.54 and a beta of 1.07. Dorchester Minerals has a 1-year low of $28.41 and a 1-year high of $35.74. The company’s 50-day moving average is $32.61 and its two-hundred day moving average is $31.95.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.7394 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.96 annualized dividend and a yield of 9.22%. Dorchester Minerals’s payout ratio is presently 106.47%.

Insider Activity at Dorchester Minerals

In other news, insider Minerals Operating Dorchester acquired 6,500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $32.21 per share, with a total value of $209,365.00. Following the purchase, the insider now directly owns 28,728 shares of the company’s stock, valued at approximately $925,328.88. This trade represents a 29.24 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Leslie A. Moriyama bought 12,050 shares of Dorchester Minerals stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the acquisition, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at $2,871,514.50. The trade was a 16.88 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 52,269 shares of company stock valued at $1,732,575. 7.10% of the stock is currently owned by insiders.

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.