Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Buys 6,500 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLPGet Free Report) insider Minerals Operating Dorchester purchased 6,500 shares of the stock in a transaction on Tuesday, February 4th. The stock was acquired at an average cost of $30.90 per share, for a total transaction of $200,850.00. Following the acquisition, the insider now owns 47,682 shares in the company, valued at approximately $1,473,373.80. This represents a 15.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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

  • On Friday, January 31st, Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock. The stock was bought at an average price of $31.69 per share, for a total transaction of $237,675.00.
  • On Monday, December 30th, Minerals Operating Dorchester bought 954 shares of Dorchester Minerals stock. The stock was bought at an average cost of $33.19 per share, for a total transaction of $31,663.26.
  • On Thursday, December 26th, Minerals Operating Dorchester acquired 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 purchased 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average price of $32.21 per share, for a total transaction of $209,365.00.

Dorchester Minerals Trading Down 0.4 %

Shares of DMLP traded down $0.14 during midday trading on Tuesday, reaching $31.00. The stock had a trading volume of 126,895 shares, compared to its average volume of 187,245. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 11.15 and a beta of 1.07. The company’s 50-day moving average is $33.05 and its 200 day moving average is $31.87. Dorchester Minerals, L.P. has a 12-month low of $28.41 and a 12-month high of $35.74.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date of this dividend is Monday, February 3rd. Dorchester Minerals’s payout ratio is currently 143.17%.

Institutional Investors Weigh In On Dorchester Minerals

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares during the last quarter. LGT Financial Advisors LLC bought a new stake in shares of Dorchester Minerals in the 3rd quarter valued at about $166,000. Apollon Wealth Management LLC purchased a new stake in Dorchester Minerals during the 4th quarter valued at about $228,000. MADDEN SECURITIES Corp bought a new position in Dorchester Minerals during the 3rd quarter worth approximately $223,000. Finally, Atomi Financial Group Inc. increased its stake in Dorchester Minerals by 29.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company’s stock worth $262,000 after purchasing an additional 1,954 shares during the period. Hedge funds and other institutional investors own 19.21% of the company’s stock.

About Dorchester Minerals

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Dorchester Minerals (NASDAQ:DMLP)

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