Insider Buying: Dorchester Minerals LP (DMLP) Insider Purchases 3,925 Shares of Stock

Dorchester Minerals LP (NASDAQ:DMLP) insider Minerals Operating Dorchester bought 3,925 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was purchased at an average price of $16.18 per share, with a total value of $63,506.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, January 22nd, Minerals Operating Dorchester purchased 700 shares of Dorchester Minerals stock. The shares were bought at an average price of $16.49 per share, with a total value of $11,543.00.
  • On Wednesday, January 24th, Minerals Operating Dorchester purchased 14,200 shares of Dorchester Minerals stock. The shares were bought at an average price of $16.57 per share, with a total value of $235,294.00.

Dorchester Minerals LP (NASDAQ:DMLP) traded up $0.05 during mid-day trading on Monday, hitting $16.10. 58,991 shares of the company traded hands, compared to its average volume of 111,441. The firm has a market capitalization of $518.09, a PE ratio of 16.72 and a beta of 0.82. Dorchester Minerals LP has a twelve month low of $13.90 and a twelve month high of $19.10.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Friday, November 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $12.48 million during the quarter. Dorchester Minerals had a net margin of 64.05% and a return on equity of 40.04%.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Shareholders of record on Monday, January 29th will be paid a $0.3869 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date is Friday, January 26th. Dorchester Minerals’s dividend payout ratio (DPR) is presently 118.75%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. lifted its stake in Dorchester Minerals by 11.3% in the third quarter. Oppenheimer & Co. Inc. now owns 44,449 shares of the energy company’s stock valued at $669,000 after acquiring an additional 4,500 shares during the last quarter. First Manhattan Co. lifted its stake in Dorchester Minerals by 36.6% in the fourth quarter. First Manhattan Co. now owns 22,750 shares of the energy company’s stock valued at $345,000 after acquiring an additional 6,100 shares during the last quarter. Commonwealth Equity Services Inc lifted its stake in Dorchester Minerals by 55.8% in the third quarter. Commonwealth Equity Services Inc now owns 20,370 shares of the energy company’s stock valued at $306,000 after acquiring an additional 7,293 shares during the last quarter. Segment Wealth Management LLC lifted its stake in Dorchester Minerals by 100.0% in the third quarter. Segment Wealth Management LLC now owns 20,000 shares of the energy company’s stock valued at $301,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. raised its position in shares of Dorchester Minerals by 27.5% in the third quarter. Mraz Amerine & Associates Inc. now owns 47,399 shares of the energy company’s stock valued at $713,000 after purchasing an additional 10,229 shares during the period. Hedge funds and other institutional investors own 13.55% of the company’s stock.

Separately, BidaskClub cut shares of Dorchester Minerals from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th.

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About Dorchester Minerals

Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.

Insider Buying and Selling by Quarter for Dorchester Minerals (NASDAQ:DMLP)

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