Dorchester Minerals (NASDAQ:DMLP) CEO Bradley Ehrman Buys 4,000 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLPGet Free Report) CEO Bradley Ehrman purchased 4,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $26.78 per share, for a total transaction of $107,120.00. Following the transaction, the chief executive officer directly owned 142,723 shares in the company, valued at approximately $3,822,121.94. The trade was a 2.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dorchester Minerals Trading Up 2.7%

Shares of NASDAQ:DMLP traded up $0.72 during trading on Tuesday, hitting $27.22. 118,068 shares of the company were exchanged, compared to its average volume of 174,097. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 19.58 and a beta of 0.56. Dorchester Minerals, L.P. has a fifty-two week low of $20.85 and a fifty-two week high of $28.95. The firm has a fifty day moving average price of $27.45 and a two-hundred day moving average price of $24.94.

Dorchester Minerals (NASDAQ:DMLPGet Free Report) last posted its quarterly 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 4th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, May 4th. Dorchester Minerals’s payout ratio is currently 136.69%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DMLP shares. Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 27th. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Get Our Latest Research Report on DMLP

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DMLP. Geneos Wealth Management Inc. boosted its stake in shares of Dorchester Minerals by 59.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after acquiring an additional 440 shares during the period. Farther Finance Advisors LLC bought a new stake in Dorchester Minerals in the 4th quarter valued at $36,000. EverSource Wealth Advisors LLC boosted its stake in 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 valued at $68,000 after purchasing an additional 3,000 shares during the period. Kestra Advisory Services LLC bought a new stake in Dorchester Minerals in the 4th quarter valued at $68,000. Finally, Osaic Holdings Inc. boosted its stake in Dorchester Minerals by 14.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after purchasing an additional 463 shares during the period. 19.21% of the stock is currently owned by institutional investors.

Dorchester Minerals Company Profile

(Get Free Report)

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.

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

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