Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Rating) insider Minerals Operating Dorchester purchased 20,000 shares of the business's stock in a transaction dated Tuesday, December 6th. The shares were acquired at an average price of $28.59 per share, for a total transaction of $571,800.00. Following the acquisition, the insider now owns 28,967 shares of the company's stock, valued at approximately $828,166.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP traded down $0.64 during mid-day trading on Thursday, reaching $28.11. 41,445 shares of the company's stock were exchanged, compared to its average volume of 108,335. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 8.71 and a beta of 1.28. The business's fifty day moving average price is $28.70 and its 200-day moving average price is $28.10. Dorchester Minerals, L.P. has a twelve month low of $17.95 and a twelve month high of $32.61.

Dorchester Minerals Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, October 31st were issued a $1.135 dividend. This is a positive change from Dorchester Minerals's previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, October 28th. This represents a $4.54 annualized dividend and a yield of 16.15%. Dorchester Minerals's payout ratio is presently 137.58%.

Wall Street Analyst Weigh In

Hedge Funds Weigh In On Dorchester Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of DMLP. Kingsview Wealth Management LLC acquired a new position in Dorchester Minerals in the second quarter valued at $10,845,000. Greenwich Investment Management Inc. lifted its holdings in Dorchester Minerals by 160.4% in the first quarter. Greenwich Investment Management Inc. now owns 406,544 shares of the energy company's stock valued at $10,550,000 after buying an additional 250,419 shares during the period. Northern Trust Corp lifted its holdings in Dorchester Minerals by 507.9% in the second quarter. Northern Trust Corp now owns 100,725 shares of the energy company's stock valued at $2,402,000 after buying an additional 84,156 shares during the period. Bank of Montreal Can lifted its holdings in Dorchester Minerals by 354.9% in the third quarter. Bank of Montreal Can now owns 79,600 shares of the energy company's stock valued at $2,316,000 after buying an additional 62,100 shares during the period. Finally, Wexford Capital LP acquired a new position in Dorchester Minerals in the second quarter valued at $150,000. Institutional investors and hedge funds own 20.03% of the company's stock.

Dorchester Minerals Company Profile

(Get Rating)

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

Further Reading

• Get a free copy of the StockNews.com research report on Dorchester Minerals (DMLP)
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