Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Buys $100,008.80 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman acquired 3,356 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $29.80 per share, with a total value of $100,008.80. Following the transaction, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dorchester Minerals Stock Performance

Shares of DMLP stock opened at $29.62 on Friday. Dorchester Minerals, L.P. has a one year low of $28.25 and a one year high of $35.74. The company has a 50 day moving average price of $32.23 and a 200 day moving average price of $31.96. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 13.97 and a beta of 1.07.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%. The firm had revenue of $39.71 million during 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. This represents a $2.96 annualized dividend and a dividend yield of 9.99%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals’s payout ratio is currently 139.15%.

Hedge Funds Weigh In On Dorchester Minerals

Hedge funds have recently made changes to their positions in the business. Graney & King LLC purchased a new position in shares of Dorchester Minerals in the 4th quarter valued at $28,000. Tower Research Capital LLC TRC raised its stake in shares of Dorchester Minerals by 638.9% in the 4th 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. raised its stake in shares of Dorchester Minerals by 62.6% in the 3rd 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 purchased a new position in shares of Dorchester Minerals in the 3rd quarter valued at $166,000. Finally, Virtus ETF Advisers LLC raised its stake in shares of Dorchester Minerals by 7.5% in the 4th 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. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Analyst Ratings Changes

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

About Dorchester Minerals

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.