Short Interest in Dorchester Minerals, L.P. (NASDAQ:DMLP) Rises By 13.4%

Dorchester Minerals, L.P. (NASDAQ:DMLP) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 478,600 shares, an increase of 13.4% from the October 15th total of 422,200 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 64,400 shares, the days-to-cover ratio is presently 7.4 days.

Insider Activity

In other Dorchester Minerals news, CFO Leslie A. Moriyama bought 3,218 shares of Dorchester Minerals stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the transaction, the chief financial officer now directly owns 71,400 shares of the company’s stock, valued at approximately $2,327,640. This represents a 4.72 % 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 link. Company insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Dorchester Minerals

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in Dorchester Minerals in the 1st quarter valued at approximately $110,000. InterOcean Capital Group LLC purchased a new position in Dorchester Minerals during the 1st quarter valued at about $211,000. Freestone Capital Holdings LLC grew its position in Dorchester Minerals by 182.5% in the 1st quarter. Freestone Capital Holdings LLC now owns 46,619 shares of the energy company’s stock valued at $1,572,000 after acquiring an additional 30,119 shares in the last quarter. Perkins Coie Trust Co acquired a new stake in shares of Dorchester Minerals during the second quarter worth about $31,000. Finally, Albert D Mason Inc. grew its holdings in shares of Dorchester Minerals by 1.3% in the second quarter. Albert D Mason Inc. now owns 29,415 shares of the energy company’s stock valued at $907,000 after purchasing an additional 382 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dorchester Minerals Trading Up 1.1 %

Dorchester Minerals stock traded up $0.36 during midday trading on Monday, hitting $33.45. 22,170 shares of the stock were exchanged, compared to its average volume of 68,476. The stock’s 50-day simple moving average is $31.47 and its 200 day simple moving average is $31.32. Dorchester Minerals has a fifty-two week low of $27.90 and a fifty-two week high of $35.74. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.95 and a beta of 1.09.

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

Dorchester Minerals Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Monday, October 28th were paid a dividend of $0.996 per share. This represents a $3.98 annualized dividend and a yield of 11.91%. The ex-dividend date was Monday, October 28th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. Dorchester Minerals’s dividend payout ratio (DPR) is 143.17%.

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.