Robert Vaughn Purchases 4,615 Shares of Dorchester Minerals (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) Director Robert Vaughn bought 4,615 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was purchased at an average price of $21.41 per share, with a total value of $98,807.15. Following the completion of the transaction, the director directly owned 20,352 shares of the company’s stock, valued at approximately $435,736.32. The trade was a 29.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorchester Minerals Stock Down 0.8%

NASDAQ DMLP opened at $21.08 on Friday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.26 and a beta of 0.60. Dorchester Minerals, L.P. has a twelve month low of $21.02 and a twelve month high of $34.88. The stock has a fifty day simple moving average of $24.23 and a 200 day simple moving average of $25.90.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%.

Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were given a $0.6899 dividend. This represents a $2.76 annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.62. Dorchester Minerals’s payout ratio is 255.56%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Dorchester Minerals from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Trading of Dorchester Minerals

Institutional investors and hedge funds have recently modified their holdings of the business. Wealthedge Investment Advisors LLC purchased a new stake in shares of Dorchester Minerals during the 1st quarter valued at $416,000. Virtu Financial LLC bought a new position in Dorchester Minerals during the first quarter valued at about $655,000. Adams Asset Advisors LLC grew its position in Dorchester Minerals by 10.3% during the second quarter. Adams Asset Advisors LLC now owns 617,108 shares of the energy company’s stock valued at $17,193,000 after buying an additional 57,600 shares during the period. Goldman Sachs Group Inc. increased its holdings in Dorchester Minerals by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 35,684 shares of the energy company’s stock worth $1,073,000 after buying an additional 2,101 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dorchester Minerals by 258.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 411,908 shares of the energy company’s stock worth $12,390,000 after acquiring an additional 297,029 shares during the period. 19.21% of the stock is owned by hedge funds and other institutional investors.

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.