Minerals Operating Dorchester Buys 6,500 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 6,500 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $30.90 per share, for a total transaction of $200,850.00. Following the completion of the purchase, the insider now directly owns 47,682 shares of the company’s stock, valued at $1,473,373.80. This represents a 15.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Minerals Operating Dorchester also recently made the following trade(s):

• On Friday, January 31st, Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock. The stock was bought at an average cost of $31.69 per share, for a total transaction of $237,675.00.
• On Monday, December 30th, Minerals Operating Dorchester acquired 954 shares of Dorchester Minerals stock. The shares were bought at an average cost of $33.19 per share, with a total value of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester bought 4,000 shares of Dorchester Minerals stock. The stock was purchased at an average cost of $32.86 per share, for a total transaction of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The shares were purchased at an average cost of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Stock Performance

Shares of Dorchester Minerals stock opened at $31.00 on Thursday. The firm has a market capitalization of $1.47 billion, a PE ratio of 11.15 and a beta of 1.07. Dorchester Minerals, L.P. has a 12 month low of $28.41 and a 12 month high of $35.74. The business’s 50-day moving average price is $32.93 and its 200-day moving average price is $31.86.

Dorchester Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.7394 per share. This represents a $2.96 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s payout ratio is currently 106.12%.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds have recently made changes to their positions in the business. Round Rock Advisors LLC bought a new position in shares of Dorchester Minerals during the 4th quarter valued at $3,877,000. Burford Brothers Inc. purchased a new stake in Dorchester Minerals during the fourth quarter valued at about $976,000. Capital Advisory Group Advisory Services LLC bought a new position in shares of Dorchester Minerals during the fourth quarter valued at about $837,000. Fisher Asset Management LLC purchased a new position in shares of Dorchester Minerals in the fourth quarter worth about $650,000. Finally, Canton Hathaway LLC bought a new stake in shares of Dorchester Minerals in the 4th quarter valued at about $616,000. 19.21% of the stock is currently owned by institutional investors.

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.