Dorchester Minerals (NASDAQ:DMLP) Shares Cross Below 200 Day Moving Average – Time to Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.97 and traded as low as $25.50. Dorchester Minerals shares last traded at $25.83, with a volume of 113,460 shares.

Analyst Upgrades and Downgrades

DMLP has been the topic of several research analyst reports. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Dorchester Minerals Price Performance

The stock has a market capitalization of $1.25 billion, a P/E ratio of 18.58 and a beta of 0.55. The stock’s fifty day moving average is $26.78 and its two-hundred day moving average is $25.97.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. The company had revenue of $58.88 million during the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 4th were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 7.4%. Dorchester Minerals’s payout ratio is 136.69%.

Insider Buying and Selling at Dorchester Minerals

In related news, CEO Bradley J. Ehrman purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of $26.78 per share, with a total value of $107,120.00. Following the purchase, the chief executive officer owned 142,723 shares of the company’s stock, valued at $3,822,121.94. This trade represents a 2.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Minerals Operating Dorchester acquired 7,500 shares of the business’s stock in a transaction on Monday, June 1st. The shares were bought at an average price of $27.56 per share, for a total transaction of $206,700.00. Following the acquisition, the insider owned 70,017 shares in the company, valued at approximately $1,929,668.52. This trade represents a 12.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have bought 19,000 shares of company stock valued at $526,070. 5.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after acquiring an additional 440 shares in the last quarter. Creative Planning lifted its position in shares of Dorchester Minerals by 4.6% in the 3rd quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after acquiring an additional 450 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. boosted its stake in Dorchester Minerals by 1.5% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after purchasing an additional 450 shares during the period. Osaic Holdings Inc. boosted its stake in Dorchester Minerals by 14.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after purchasing an additional 463 shares during the period. Finally, Lido Advisors LLC grew its position in Dorchester Minerals by 4.7% during the 4th quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock worth $366,000 after purchasing an additional 738 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

About Dorchester Minerals

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.