Dorchester Minerals (NASDAQ:DMLP) Hits New 12-Month High – Should You Buy?

Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) reached a new 52-week high during trading on Monday . The stock traded as high as $29.80 and last traded at $29.7450, with a volume of 340 shares traded. The stock had previously closed at $29.55.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorchester Minerals in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Dorchester Minerals Trading Up 0.2%

The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 16.83 and a beta of 0.55. The company has a fifty day moving average price of $27.67 and a 200-day moving average price of $27.30.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $0.62 EPS for the quarter. The firm had revenue of $56.08 million for the quarter. Dorchester Minerals had a return on equity of 28.43% and a net margin of 45.45%.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd were given a $1.2729 dividend. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.48. This represents a $5.09 annualized dividend and a yield of 17.2%. The ex-dividend date of this dividend was Monday, August 3rd. Dorchester Minerals’s payout ratio is presently 289.20%.

Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie Moriyama purchased 5,197 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were bought at an average price of $28.30 per share, for a total transaction of $147,075.10. Following the purchase, the chief financial officer directly owned 103,405 shares in the company, valued at $2,926,361.50. This trade represents a 5.29% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorchester Minerals

A number of large investors have recently bought and sold shares of the business. ING Groep NV raised its holdings in Dorchester Minerals by 38.3% during the fourth quarter. ING Groep NV now owns 131,500 shares of the energy company’s stock valued at $2,940,000 after buying an additional 36,400 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in shares of Dorchester Minerals by 15.8% during the 4th quarter. Texas Yale Capital Corp. now owns 201,500 shares of the energy company’s stock worth $4,506,000 after acquiring an additional 27,500 shares in the last quarter. ArchPoint Investors increased its holdings in shares of Dorchester Minerals by 4.1% during the 4th quarter. ArchPoint Investors now owns 559,260 shares of the energy company’s stock valued at $12,505,000 after acquiring an additional 22,201 shares during the last quarter. Resolute Capital LLC acquired a new position in shares of Dorchester Minerals during the 4th quarter valued at about $1,058,000. Finally, Burford Brothers Inc. bought a new position in shares of Dorchester Minerals in the 4th quarter valued at approximately $808,000. 19.21% of the stock is currently owned by institutional investors.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded limited partnership that owns and manages mineral, royalty, overriding royalty and net profits interests in oil and natural gas properties in the United States. Rather than primarily drilling and operating wells, the partnership typically leases its mineral interests to exploration and production companies and receives royalty and other payments from the resulting production.

The partnership’s assets are located across several major U.S.