Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Buys $216,370.00 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Rating) insider Minerals Operating Dorchester acquired 7,000 shares of Dorchester Minerals stock in a transaction on Thursday, March 2nd. The stock was acquired at an average cost of $30.91 per share, for a total transaction of $216,370.00. Following the purchase, the insider now owns 16,967 shares of the company’s stock, valued at approximately $524,449.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 12th, Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $28.18 per share, for a total transaction of $211,350.00.
• On Friday, December 9th, Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $27.92 per share, for a total transaction of $209,400.00.
• On Tuesday, December 6th, Minerals Operating Dorchester acquired 20,000 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $28.59 per share, for a total transaction of $571,800.00.

Dorchester Minerals Stock Down 2.3 %

Shares of DMLP opened at $30.58 on Tuesday. Dorchester Minerals, L.P. has a 12-month low of $22.51 and a 12-month high of $32.61. The firm has a market capitalization of $1.17 billion, a PE ratio of 9.13 and a beta of 1.23. The stock’s fifty day simple moving average is $30.06 and its 200-day simple moving average is $28.97.

Dorchester Minerals Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 9th. Stockholders of record on Monday, January 30th were paid a dividend of $0.884 per share. This represents a $3.54 annualized dividend and a dividend yield of 11.56%. The ex-dividend date was Friday, January 27th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 105.37%.

Hedge Funds Weigh In On Dorchester Minerals

Several large investors have recently made changes to their positions in the company. Natixis lifted its stake in shares of Dorchester Minerals by 100.0% during the fourth quarter. Natixis now owns 86,400 shares of the energy company’s stock valued at $2,586,000 after acquiring an additional 43,200 shares during the period. McIlrath & Eck LLC acquired a new position in shares of Dorchester Minerals during the fourth quarter valued at $30,000. Vestcor Inc acquired a new position in Dorchester Minerals in the fourth quarter valued at about $200,000. S&T Bank PA acquired a new position in Dorchester Minerals in the fourth quarter valued at about $218,000. Finally, Brown Advisory Inc. acquired a new position in Dorchester Minerals in the fourth quarter valued at about $443,000. Institutional investors and hedge funds own 19.36% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Dorchester Minerals from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 27th.

Dorchester Minerals Company Profile

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Dorchester Minerals LP engages in the acquisition, ownership, and administration of royalty properties and net profits interests (NPI). The NPI represents a net profits overriding royalty interest burdening various properties owned by its operating partnership. Royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests.