Dorchester Minerals, L.P. (NASDAQ:DMLP) Short Interest Update

Dorchester Minerals, L.P. (NASDAQ:DMLP) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 449,500 shares, a growth of 7.2% from the February 29th total of 419,500 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 80,400 shares, the days-to-cover ratio is currently 5.6 days.

Dorchester Minerals Stock Performance

Shares of DMLP opened at $35.44 on Thursday. The stock has a 50-day simple moving average of $31.71 and a 200-day simple moving average of $30.44. The stock has a market capitalization of $1.40 billion, a PE ratio of 12.48 and a beta of 1.11. Dorchester Minerals has a 1 year low of $27.02 and a 1 year high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $50.42 million during the quarter. Dorchester Minerals had a return on equity of 66.48% and a net margin of 68.89%.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Stockholders of record on Monday, January 29th were paid a $1.0079 dividend. This represents a $4.03 annualized dividend and a dividend yield of 11.38%. The ex-dividend date of this dividend was Friday, January 26th. This is a boost from Dorchester Minerals’s previous quarterly dividend of $0.54. Dorchester Minerals’s dividend payout ratio (DPR) is presently 141.90%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th.

Insider Activity at Dorchester Minerals

In other news, insider Minerals Operating Dorchester bought 1,275 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average cost of $30.90 per share, for a total transaction of $39,397.50. Following the acquisition, the insider now directly owns 48,574 shares of the company’s stock, valued at approximately $1,500,936.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought 13,775 shares of company stock worth $448,648 in the last three months. 7.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dorchester Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in DMLP. McIlrath & Eck LLC acquired a new stake in shares of Dorchester Minerals during the 4th quarter worth about $30,000. Tower Research Capital LLC TRC raised its position in shares of Dorchester Minerals by 240.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,068 shares of the energy company’s stock worth $34,000 after acquiring an additional 754 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position in shares of Dorchester Minerals by 45.0% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 1,450 shares of the energy company’s stock worth $43,000 after acquiring an additional 450 shares in the last quarter. Citigroup Inc. raised its position in shares of Dorchester Minerals by 4,306.7% during the 3rd quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock worth $77,000 after acquiring an additional 2,584 shares in the last quarter. Finally, Cannell Capital LLC raised its position in shares of Dorchester Minerals by 35.2% during the 1st quarter. Cannell Capital LLC now owns 3,399 shares of the energy company’s stock worth $88,000 after acquiring an additional 885 shares in the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, and 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.