Dorchester Minerals (NASDAQ:DMLP) Announces Quarterly Earnings Results

Dorchester Minerals (NASDAQ:DMLP) posted its quarterly earnings results on Thursday. The energy company reported $0.24 earnings per share for the quarter, Zacks reports. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%.

Dorchester Minerals Stock Down 1.0 %

Shares of NASDAQ DMLP traded down $0.33 during mid-day trading on Thursday, reaching $32.09. 127,861 shares of the company were exchanged, compared to its average volume of 165,935. The stock has a market capitalization of $1.52 billion, a PE ratio of 11.54 and a beta of 1.07. The company’s 50 day moving average price is $32.61 and its 200 day moving average price is $31.95. Dorchester Minerals has a 52 week low of $28.41 and a 52 week high of $35.74.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a $0.7394 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date of this dividend was Monday, February 3rd. Dorchester Minerals’s payout ratio is currently 106.47%.

Insider Activity

In other Dorchester Minerals news, insider Minerals Operating Dorchester acquired 6,500 shares of the stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $32.21 per share, for a total transaction of $209,365.00. Following the completion of the transaction, the insider now directly owns 28,728 shares of the company’s stock, valued at $925,328.88. This trade represents a 29.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Bradley J. Ehrman purchased 14,430 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $34.41 per share, with a total value of $496,536.30. Following the purchase, the chief executive officer now directly owns 29,622 shares of the company’s stock, valued at approximately $1,019,293.02. This represents a 94.98 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 52,269 shares of company stock valued at $1,732,575. 7.10% of the stock is currently owned by insiders.

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.