Minerals Operating Dorchester Acquires 4,000 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester purchased 4,000 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were acquired at an average cost of $32.86 per share, with a total value of $131,440.00. Following the acquisition, the insider now directly owns 32,728 shares in the company, valued at approximately $1,075,442.08. The trade was a 13.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 23rd, Minerals Operating Dorchester acquired 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 Stock Up 0.6 %

Shares of NASDAQ:DMLP opened at $33.28 on Friday. Dorchester Minerals, L.P. has a 12-month low of $28.41 and a 12-month high of $35.74. The business has a 50 day moving average of $32.92 and a 200-day moving average of $31.56. The stock has a market cap of $1.58 billion, a PE ratio of 11.97 and a beta of 1.10.

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

Dorchester Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were issued a $0.996 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $3.98 dividend on an annualized basis and a yield of 11.97%. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s payout ratio is currently 143.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Atomi Financial Group Inc. lifted its position in Dorchester Minerals by 7.3% during the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock worth $208,000 after purchasing an additional 459 shares during the period. Commonwealth Equity Services LLC grew its holdings in Dorchester Minerals by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,802 shares of the energy company’s stock worth $734,000 after acquiring an additional 688 shares during the last quarter. GraniteShares Advisors LLC lifted its holdings in shares of Dorchester Minerals by 14.2% during the second quarter. GraniteShares Advisors LLC now owns 60,742 shares of the energy company’s stock worth $1,874,000 after purchasing an additional 7,576 shares during the period. Moors & Cabot Inc. grew its stake in shares of Dorchester Minerals by 1.6% in the second quarter. Moors & Cabot Inc. now owns 101,911 shares of the energy company’s stock worth $3,144,000 after purchasing an additional 1,611 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Dorchester Minerals in the second quarter valued at $308,000. Institutional investors and hedge funds 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.