Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Free Report) CFO Leslie Moriyama acquired 5,197 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average cost of $28.30 per share, for a total transaction of $147,075.10. Following the completion of the purchase, the chief financial officer directly owned 103,405 shares in the company, valued at $2,926,361.50. This represents a 5.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Dorchester Minerals Stock Performance
DMLP opened at $28.61 on Friday. The firm has a market cap of $1.40 billion, a P/E ratio of 16.26 and a beta of 0.54. The business has a 50 day moving average price of $26.54 and a 200 day moving average price of $26.84. Dorchester Minerals, L.P. has a twelve month low of $20.85 and a twelve month high of $28.95.
Dorchester Minerals (NASDAQ:DMLP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $0.62 EPS for the quarter. Dorchester Minerals had a return on equity of 28.43% and a net margin of 45.45%.The company had revenue of $56.08 million for the quarter.
Dorchester Minerals Increases Dividend
Hedge Funds Weigh In On Dorchester Minerals
A number of institutional investors and hedge funds have recently bought and sold shares of DMLP. Geneos Wealth Management Inc. raised its holdings in Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after acquiring an additional 440 shares in the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in shares of Dorchester Minerals by 1.5% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock valued at $776,000 after purchasing an additional 450 shares in the last quarter. Creative Planning raised its stake in shares of Dorchester Minerals by 4.6% in the third quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after purchasing an additional 450 shares in the last quarter. Osaic Holdings Inc. lifted its position in Dorchester Minerals by 14.1% in the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after purchasing an additional 463 shares during the period. Finally, Lido Advisors LLC lifted its position in Dorchester Minerals by 4.7% in the fourth quarter. Lido Advisors LLC now owns 16,388 shares of the energy company’s stock worth $366,000 after purchasing an additional 738 shares during the period. Institutional investors own 19.21% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on DMLP. Weiss Ratings reissued a “hold (c)” rating on shares of Dorchester Minerals in a research report on Wednesday, June 24th. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Research Report on DMLP
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.
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