Leslie A. Moriyama Buys 3,218 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CFO Leslie A. Moriyama acquired 3,218 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the acquisition, the chief financial officer now directly owns 71,400 shares in the company, valued at approximately $2,327,640. This represents a 4.72 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Dorchester Minerals Stock Up 1.0 %

DMLP stock opened at $33.09 on Friday. The business’s fifty day simple moving average is $31.47 and its two-hundred day simple moving average is $31.33. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 11.90 and a beta of 1.09. Dorchester Minerals, L.P. has a twelve month low of $27.90 and a twelve month high of $35.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. The company 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. Stockholders of record on Monday, October 28th were paid a dividend of $0.996 per share. The ex-dividend date of this dividend was Monday, October 28th. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a dividend yield of 12.04%. Dorchester Minerals’s dividend payout ratio (DPR) is currently 143.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HWG Holdings LP purchased a new position in shares of Dorchester Minerals in the 2nd quarter worth approximately $30,000. Perkins Coie Trust Co purchased a new stake in shares of Dorchester Minerals during the second quarter valued at $31,000. TCTC Holdings LLC acquired a new position in shares of Dorchester Minerals in the first quarter valued at about $67,000. BNP Paribas Financial Markets acquired a new position in Dorchester Minerals in the 1st quarter worth approximately $110,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals in the third quarter worth $166,000. 19.21% of the stock is currently 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.