Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Buys $31,663.26 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 954 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $33.19 per share, with a total value of $31,663.26. Following the transaction, the insider now owns 33,682 shares in the company, valued at approximately $1,117,905.58. The trade was a 2.91 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, December 26th, Minerals Operating Dorchester bought 4,000 shares of Dorchester Minerals stock. The shares were bought at an average price of $32.86 per share, with a total value of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The stock was bought at an average cost of $32.21 per share, for a total transaction of $209,365.00.

Dorchester Minerals Price Performance

Shares of DMLP opened at $33.33 on Thursday. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74. The stock has a 50 day simple moving average of $32.93 and a two-hundred day simple moving average of $31.61. The firm has a market cap of $1.58 billion, a P/E ratio of 11.99 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%. The company had revenue of $53.47 million during the quarter.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a $0.996 dividend. This represents a $3.98 annualized dividend and a dividend yield of 11.95%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, October 28th. Dorchester Minerals’s payout ratio is presently 143.17%.

Institutional Investors Weigh In On Dorchester Minerals

Several institutional investors have recently added to or reduced their stakes in DMLP. JPMorgan Chase & Co. raised its stake in shares of Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after acquiring an additional 556 shares during the last quarter. Geode Capital Management LLC raised its position in Dorchester Minerals by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company’s stock valued at $749,000 after purchasing an additional 1,109 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Dorchester Minerals by 38.4% in the 3rd quarter. HighTower Advisors LLC now owns 11,515 shares of the energy company’s stock worth $348,000 after buying an additional 3,192 shares during the period. Principal Street Partners LLC bought a new stake in shares of Dorchester Minerals in the 3rd quarter worth approximately $291,000. Finally, Horizon Kinetics Asset Management LLC increased its stake in shares of Dorchester Minerals by 0.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 896,893 shares of the energy company’s stock valued at $27,041,000 after buying an additional 5,210 shares during the period. 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 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.