Dorchester Minerals (NASDAQ:DMLP) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Dorchester Minerals, L.P. (NASDAQ:DMLP)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.97 and traded as low as $25.50. Dorchester Minerals shares last traded at $25.83, with a volume of 113,460 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorchester Minerals in a report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Dorchester Minerals Trading Up 1.8%

The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 18.58 and a beta of 0.55. The stock has a 50-day moving average of $26.78 and a 200-day moving average of $25.97.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Wednesday, May 6th. The energy company reported $0.59 earnings per share for the quarter. The firm had revenue of $58.88 million for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 4th were given a $0.475 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.90 annualized dividend and a yield of 7.4%. Dorchester Minerals’s dividend payout ratio is 136.69%.

Insider Activity at Dorchester Minerals

In other Dorchester Minerals news, CEO Bradley J. Ehrman acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was acquired at an average cost of $26.78 per share, with a total value of $107,120.00. Following the acquisition, the chief executive officer directly owned 142,723 shares of the company’s stock, valued at $3,822,121.94. This represents a 2.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock in a transaction on Monday, June 1st. The shares were acquired at an average price of $27.56 per share, with a total value of $206,700.00. Following the transaction, the insider directly owned 70,017 shares in the company, valued at $1,929,668.52. This trade represents a 12.00% increase in their position. The disclosure for this purchase is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders acquired 19,000 shares of company stock worth $526,070 in the last 90 days. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its stake in shares of Dorchester Minerals by 59.9% during the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Dorchester Minerals in the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dorchester Minerals by 4,918.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after acquiring an additional 3,000 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Dorchester Minerals in the 4th quarter worth approximately $68,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of Dorchester Minerals by 14.1% in the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after acquiring an additional 463 shares in the last quarter. 19.21% of the stock is owned by institutional investors and hedge funds.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.