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

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 7,500 shares of Dorchester Minerals stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $31.69 per share, for a total transaction of $237,675.00. Following the purchase, the insider now directly owns 41,182 shares in the company, valued at approximately $1,305,057.58. The trade was a 22.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

Dorchester Minerals Trading Down 0.4 %

NASDAQ:DMLP opened at $31.00 on Wednesday. Dorchester Minerals, L.P. has a 1-year low of $28.41 and a 1-year high of $35.74. The firm has a fifty day simple moving average of $33.00 and a 200 day simple moving average of $31.87. The stock has a market capitalization of $1.47 billion, a PE ratio of 11.15 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be paid a $0.7394 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.96 annualized dividend and a dividend yield of 9.54%. Dorchester Minerals’s dividend payout ratio is presently 143.17%.

Hedge Funds Weigh In On Dorchester Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GraniteShares Advisors LLC boosted its position in Dorchester Minerals by 1.0% during the fourth quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company’s stock worth $2,442,000 after purchasing an additional 743 shares during the period. Canton Hathaway LLC bought a new position in Dorchester Minerals during the fourth quarter worth $616,000. Capital Advisory Group Advisory Services LLC bought a new position in Dorchester Minerals during the fourth quarter worth $837,000. MADDEN SECURITIES Corp boosted its position in Dorchester Minerals by 54.2% during the fourth quarter. MADDEN SECURITIES Corp now owns 11,382 shares of the energy company’s stock worth $379,000 after purchasing an additional 4,000 shares during the period. Finally, Apollon Wealth Management LLC bought a new position in Dorchester Minerals during the fourth quarter worth $228,000. 19.21% of the stock is owned by institutional investors.

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.