Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Acquires $496,536.30 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman acquired 14,430 shares of Dorchester Minerals stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of $34.41 per share, for a total transaction of $496,536.30. Following the transaction, the chief executive officer now owns 29,622 shares of the company’s stock, valued at approximately $1,019,293.02. The trade was a 94.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dorchester Minerals Trading Up 0.5 %

DMLP traded up $0.16 during trading on Thursday, hitting $33.14. 65,950 shares of the company traded hands, compared to its average volume of 70,714. The company has a market cap of $1.57 billion, a PE ratio of 11.86 and a beta of 1.10. Dorchester Minerals, L.P. has a 1 year low of $28.41 and a 1 year high of $35.74. The stock’s 50-day simple moving average is $32.45 and its two-hundred day simple moving average is $31.49.

Dorchester Minerals (NASDAQ:DMLP) last issued its earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%. The firm had revenue of $53.47 million for the quarter.

Dorchester Minerals Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were issued a $0.996 dividend. The ex-dividend date was Monday, October 28th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a dividend yield of 12.02%. Dorchester Minerals’s dividend payout ratio (DPR) is 143.17%.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds have recently bought and sold shares of the business. HWG Holdings LP purchased a new position in shares of Dorchester Minerals in the 2nd quarter worth $30,000. Perkins Coie Trust Co purchased a new position in Dorchester Minerals in the second quarter worth about $31,000. LGT Financial Advisors LLC bought a new stake in Dorchester Minerals during the third quarter worth approximately $166,000. Atomi Financial Group Inc. raised its position in Dorchester Minerals by 7.3% during the second quarter. Atomi Financial Group Inc. now owns 6,743 shares of the energy company’s stock valued at $208,000 after purchasing an additional 459 shares during the period. Finally, MADDEN SECURITIES Corp bought a new stake in shares of Dorchester Minerals in the 3rd quarter valued at approximately $223,000. Hedge funds and other institutional investors own 19.21% of the company’s stock.

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.