Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Minerals Operating Dorchester Buys 7,500 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 7,500 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $31.69 per share, with a total value of $237,675.00. Following the transaction, the insider now directly owns 41,182 shares in the company, valued at $1,305,057.58. This represents a 22.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 4th, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average price of $30.90 per share, with a total value of $200,850.00.
• On Monday, December 30th, Minerals Operating Dorchester acquired 954 shares of Dorchester Minerals stock. The shares were bought at an average cost of $33.19 per share, for a total transaction of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock. The shares were bought at an average cost of $32.86 per share, for a total transaction of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock. The shares were bought at an average cost of $32.21 per share, for a total transaction of $209,365.00.

Dorchester Minerals Stock Down 0.4 %

Shares of NASDAQ:DMLP opened at $31.00 on Wednesday. Dorchester Minerals, L.P. has a 12 month low of $28.41 and a 12 month high of $35.74. The company’s 50-day moving average price is $33.00 and its two-hundred day moving average price is $31.87. The firm has a market cap of $1.47 billion, a P/E ratio of 11.15 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is currently 143.17%.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds have recently added to or reduced their stakes in the stock. GraniteShares Advisors LLC grew its holdings in Dorchester Minerals by 1.0% during the 4th quarter. GraniteShares Advisors LLC now owns 73,272 shares of the energy company’s stock worth $2,442,000 after acquiring an additional 743 shares during the last quarter. Canton Hathaway LLC bought a new position in shares of Dorchester Minerals in the 4th quarter valued at about $616,000. Capital Advisory Group Advisory Services LLC bought a new position in shares of Dorchester Minerals in the 4th quarter valued at about $837,000. MADDEN SECURITIES Corp boosted its stake in shares of Dorchester Minerals by 54.2% in the 4th quarter. MADDEN SECURITIES Corp now owns 11,382 shares of the energy company’s stock valued at $379,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of Dorchester Minerals in the 4th quarter valued at about $228,000. Institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Company Profile

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.