Dorchester Minerals, L.P. (NASDAQ:DMLP) Short Interest Update

Dorchester Minerals, L.P. (NASDAQ:DMLP) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 349,100 shares, a drop of 8.8% from the January 15th total of 382,900 shares. Based on an average daily volume of 141,200 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.8% of the shares of the company are sold short.

Insider Transactions at Dorchester Minerals

In other Dorchester Minerals news, insider Minerals Operating Dorchester bought 954 shares of Dorchester Minerals stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of $33.19 per share, for a total transaction of $31,663.26. Following the completion of the transaction, the insider now directly owns 33,682 shares of the company’s stock, valued at approximately $1,117,905.58. This represents a 2.91 % 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. Also, CEO Bradley J. Ehrman acquired 14,430 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired 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 owns 29,622 shares in the company, valued at $1,019,293.02. This represents a 94.98 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 52,269 shares of company stock valued at $1,732,575 in the last 90 days. 7.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DMLP. Exchange Traded Concepts LLC acquired a new position in shares of Dorchester Minerals during the third quarter worth $300,000. Inscription Capital LLC increased its holdings in shares of Dorchester Minerals by 14.8% in the 3rd quarter. Inscription Capital LLC now owns 46,500 shares of the energy company’s stock valued at $1,402,000 after acquiring an additional 6,000 shares during the last quarter. Clarity Financial LLC increased its holdings in shares of Dorchester Minerals by 40.6% in the 3rd quarter. Clarity Financial LLC now owns 10,520 shares of the energy company’s stock valued at $317,000 after acquiring an additional 3,040 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in Dorchester Minerals during the third quarter worth approximately $166,000. Finally, Moors & Cabot Inc. increased its stake in Dorchester Minerals by 0.6% in the third quarter. Moors & Cabot Inc. now owns 102,550 shares of the energy company’s stock valued at $3,092,000 after purchasing an additional 639 shares during the last quarter. 19.21% of the stock is currently owned by hedge funds and other institutional investors.

Dorchester Minerals Stock Down 0.2 %

NASDAQ DMLP traded down $0.08 on Monday, reaching $31.94. The stock had a trading volume of 95,889 shares, compared to its average volume of 174,726. Dorchester Minerals has a 12-month low of $28.41 and a 12-month high of $35.74. The stock has a fifty day moving average price of $32.63 and a two-hundred day moving average price of $31.93. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 11.49 and a beta of 1.07.

Dorchester Minerals Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.7394 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.26%. Dorchester Minerals’s dividend payout ratio (DPR) is presently 106.47%.

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.