Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Acquires $104,906.80 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama purchased 3,218 shares of the stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $32.60 per share, with a total value of $104,906.80. Following the acquisition, the chief financial officer now owns 71,400 shares in the company, valued at approximately $2,327,640. The trade was a 4.72 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dorchester Minerals Trading Up 1.0 %

DMLP stock opened at $33.09 on Monday. Dorchester Minerals, L.P. has a 1-year low of $27.90 and a 1-year high of $35.74. The stock has a 50-day moving average price of $31.47 and a 200-day moving average price of $31.32. The firm has a market cap of $1.57 billion, a PE ratio of 11.90 and a beta of 1.09.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. The firm had revenue of $53.47 million for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Dorchester Minerals Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a dividend of $0.996 per share. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a yield of 12.04%. The ex-dividend date of this dividend was Monday, October 28th. Dorchester Minerals’s dividend payout ratio is 143.17%.

Hedge Funds Weigh In On Dorchester Minerals

A number of institutional investors have recently modified their holdings of the company. Horizon Kinetics Asset Management LLC increased its position in shares of 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 worth $27,041,000 after acquiring an additional 5,210 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in Dorchester Minerals by 0.6% during the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock worth $3,092,000 after purchasing an additional 639 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of Dorchester Minerals by 1.4% in the third 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 in the last quarter. GraniteShares Advisors LLC increased its position in shares of Dorchester Minerals by 14.2% during the second quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock valued at $1,874,000 after acquiring an additional 7,576 shares during the last quarter. Finally, Freestone Capital Holdings LLC lifted its holdings in Dorchester Minerals by 182.5% during the first quarter. Freestone Capital Holdings LLC now owns 46,619 shares of the energy company’s stock worth $1,572,000 after acquiring an additional 30,119 shares during the period. 19.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

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.