Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Purchases $100,008.80 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman bought 3,356 shares of Dorchester Minerals stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $29.80 per share, with a total value of $100,008.80. Following the completion of the transaction, the chief executive officer now owns 117,710 shares of the company’s stock, valued at $3,507,758. This trade represents a 2.93 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dorchester Minerals Price Performance

Shares of DMLP stock opened at $29.89 on Thursday. The stock has a market cap of $1.41 billion, a P/E ratio of 14.10 and a beta of 1.07. Dorchester Minerals, L.P. has a one year low of $28.25 and a one year high of $35.74. The stock has a fifty day moving average price of $32.29 and a 200 day moving average price of $31.97.

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

Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.7394 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 annualized dividend and a yield of 9.89%. Dorchester Minerals’s dividend payout ratio is currently 139.15%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DMLP. Clarity Financial LLC raised its stake in Dorchester Minerals by 40.6% during the third quarter. Clarity Financial LLC now owns 10,520 shares of the energy company’s stock worth $317,000 after acquiring an additional 3,040 shares in the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals in the third quarter valued at $166,000. Moors & Cabot Inc. increased its stake in shares of 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 buying an additional 639 shares in the last quarter. One Charles Private Wealth Services LLC acquired a new stake in shares of Dorchester Minerals in the third quarter valued at $331,000. Finally, Independent Advisor Alliance increased its stake in shares of Dorchester Minerals by 1.4% in the third quarter. Independent Advisor Alliance now owns 73,340 shares of the energy company’s stock valued at $2,211,000 after buying an additional 1,000 shares in the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.