Minerals Operating Dorchester Acquires 2,000 Shares of Dorchester Minerals LP (NASDAQ:DMLP) Stock

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Dorchester Minerals LP (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average cost of $18.66 per share, with a total value of $37,320.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Thursday, June 13th, Minerals Operating Dorchester purchased 10,000 shares of Dorchester Minerals stock. The shares were purchased at an average cost of $18.59 per share, with a total value of $185,900.00.

DMLP stock traded down $0.03 during trading on Friday, hitting $18.40. The stock had a trading volume of 34,651 shares, compared to its average volume of 31,451. Dorchester Minerals LP has a 1-year low of $14.11 and a 1-year high of $21.15. The company has a market capitalization of $631.52 million, a price-to-earnings ratio of 10.75 and a beta of 1.03. The company has a current ratio of 12.50, a quick ratio of 12.50 and a debt-to-equity ratio of 0.02.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, May 2nd. The energy company reported $0.42 earnings per share for the quarter. Dorchester Minerals had a net margin of 74.48% and a return on equity of 58.74%. The firm had revenue of $19.03 million during the quarter.

Separately, BidaskClub raised shares of Dorchester Minerals from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 25th.

A number of hedge funds have recently made changes to their positions in DMLP. SCW Capital Management LP acquired a new position in Dorchester Minerals in the 4th quarter valued at about $11,395,000. JPMorgan Chase & Co. raised its stake in Dorchester Minerals by 276.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 210,764 shares of the energy company’s stock valued at $4,300,000 after purchasing an additional 154,812 shares during the last quarter. Private Wealth Partners LLC acquired a new position in Dorchester Minerals in the 1st quarter valued at about $959,000. Joseph P. Lucia & Associates LLC acquired a new position in Dorchester Minerals in the 1st quarter valued at about $1,470,000. Finally, Morgan Stanley raised its stake in Dorchester Minerals by 8.5% in the 3rd quarter. Morgan Stanley now owns 233,170 shares of the energy company’s stock valued at $4,757,000 after purchasing an additional 18,228 shares during the last quarter. 16.71% of the stock is owned by hedge funds and other institutional investors.

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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 profits, and leasehold interests in the United States. The company's royalty properties consist of producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests located in 574 counties and parishes in 25 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

See Also: Calculating net profit and net profit margin ratio

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