Insider Buying: Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Purchases 7,500 Shares of Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) insider Minerals Operating Dorchester acquired 7,500 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was purchased at an average price of $31.69 per share, for a total transaction of $237,675.00. Following the transaction, the insider now directly owns 41,182 shares of the company’s stock, valued at approximately $1,305,057.58. This trade represents a 22.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 4th, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $30.90 per share, for a total transaction of $200,850.00.
• On Monday, December 30th, Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock. The shares were acquired at an average cost of $33.19 per share, with a total value of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock. The stock was acquired at an average price of $32.86 per share, for a total transaction of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester bought 6,500 shares of Dorchester Minerals stock. The shares were acquired at an average price of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Stock Up 1.3 %

NASDAQ:DMLP opened at $31.39 on Friday. Dorchester Minerals, L.P. has a twelve month low of $28.41 and a twelve month high of $35.74. The stock has a market cap of $1.49 billion, a P/E ratio of 11.29 and a beta of 1.07. The firm’s fifty day simple moving average is $32.88 and its 200 day simple moving average is $31.86.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Monday, February 3rd will be given a dividend of $0.7394 per share. This represents a $2.96 annualized dividend and a dividend yield of 9.42%. The ex-dividend date is Monday, February 3rd. Dorchester Minerals’s dividend payout ratio is currently 143.17%.

Hedge Funds Weigh In On Dorchester Minerals

Institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC grew its holdings in shares of Dorchester Minerals by 3.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 8,787 shares of the energy company’s stock worth $293,000 after acquiring an additional 302 shares during the period. Albert D Mason Inc. boosted its position in shares of Dorchester Minerals by 1.8% during the fourth quarter. Albert D Mason Inc. now owns 29,940 shares of the energy company’s stock valued at $998,000 after purchasing an additional 525 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Dorchester Minerals by 62.6% in the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company’s stock worth $44,000 after purchasing an additional 556 shares in the last quarter. Moors & Cabot Inc. lifted its position in Dorchester Minerals by 0.6% during 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 during the period. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Dorchester Minerals by 7.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 9,658 shares of the energy company’s stock valued at $291,000 after buying an additional 701 shares in the last quarter. 19.21% of the stock is owned by institutional investors.

Dorchester Minerals Company Profile

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.