Bradley J. Ehrman Purchases 3,356 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman bought 3,356 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $29.80 per share, with a total value of $100,008.80. Following the completion of the acquisition, the chief executive officer now owns 117,710 shares in the company, valued at approximately $3,507,758. This represents a 2.93 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dorchester Minerals Price Performance

NASDAQ DMLP traded up $0.23 on Tuesday, hitting $29.40. The company had a trading volume of 241,960 shares, compared to its average volume of 88,357. The company has a market capitalization of $1.39 billion, a PE ratio of 13.87 and a beta of 1.07. The company’s fifty day moving average price is $32.35 and its 200-day moving average price is $31.99. Dorchester Minerals, L.P. has a 12-month low of $28.25 and a 12-month high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 56.77% and a return on equity of 36.86%. The business had revenue of $39.71 million during the quarter.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals’s payout ratio is 139.15%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DMLP. Graney & King LLC acquired a new position in shares of Dorchester Minerals during the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC boosted its position in shares of Dorchester Minerals by 638.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company’s stock valued at $37,000 after acquiring an additional 952 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock valued at $44,000 after buying an additional 556 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in Dorchester Minerals in the third quarter valued at about $166,000. Finally, Virtus ETF Advisers LLC lifted its position in Dorchester Minerals by 7.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company’s stock valued at $191,000 after buying an additional 402 shares during the last quarter. Institutional investors and hedge funds own 19.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Dorchester Minerals from a “buy” rating to a “hold” rating in a report on Monday, February 24th.

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.