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Minerals Operating Dorchester Purchases 20,000 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Defense World · Dec 10, 2022 04:51

Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Rating) insider Minerals Operating Dorchester bought 20,000 shares of the stock in a transaction that occurred on Tuesday, December 6th. The shares were acquired at an average cost of $28.59 per share, with a total value of $571,800.00. Following the completion of the purchase, the insider now owns 28,967 shares in the company, valued at approximately $828,166.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dorchester Minerals Stock Performance

NASDAQ DMLP opened at $27.49 on Friday. The business has a 50 day simple moving average of $28.79 and a 200 day simple moving average of $28.08. Dorchester Minerals, L.P. has a 52-week low of $17.95 and a 52-week high of $32.61. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 8.33 and a beta of 1.28.

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Dorchester Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, October 31st were paid a dividend of $1.135 per share. This is a boost from Dorchester Minerals's previous quarterly dividend of $0.97. This represents a $4.54 annualized dividend and a dividend yield of 16.52%. The ex-dividend date of this dividend was Friday, October 28th. Dorchester Minerals's dividend payout ratio (DPR) is currently 137.58%.

Hedge Funds Weigh In On Dorchester Minerals

Hedge funds have recently made changes to their positions in the business. CWM LLC grew its stake in shares of Dorchester Minerals by 59.5% during the 2nd quarter. CWM LLC now owns 1,340 shares of the energy company's stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Cannell Capital LLC grew its stake in shares of Dorchester Minerals by 35.2% during the 1st quarter. Cannell Capital LLC now owns 3,399 shares of the energy company's stock worth $88,000 after acquiring an additional 885 shares in the last quarter. Signaturefd LLC grew its stake in shares of Dorchester Minerals by 71.3% during the 3rd quarter. Signaturefd LLC now owns 3,612 shares of the energy company's stock worth $90,000 after acquiring an additional 1,504 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of Dorchester Minerals during the 3rd quarter worth approximately $137,000. Finally, Advisor Group Holdings Inc. grew its stake in shares of Dorchester Minerals by 22.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 8,199 shares of the energy company's stock worth $212,000 after acquiring an additional 1,503 shares in the last quarter. 20.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Dorchester Minerals from a "buy" rating to a "strong-buy" rating in a research note on Thursday, November 10th.

About Dorchester Minerals

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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.