Dorchester Minerals, L.P. (NASDAQ:DMLP) CEO Bradley J. Ehrman Buys 3,356 Shares

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) CEO Bradley J. Ehrman acquired 3,356 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $29.80 per share, with a total value of $100,008.80. Following the completion of the transaction, the chief executive officer now directly owns 117,710 shares in the company, valued at approximately $3,507,758. The trade was a 2.93 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorchester Minerals Stock Up 1.9 %

NASDAQ DMLP traded up $0.55 during trading on Friday, hitting $30.17. The stock had a trading volume of 104,699 shares, compared to its average volume of 88,976. The company has a market capitalization of $1.43 billion, a PE ratio of 14.23 and a beta of 1.08. The firm has a 50 day moving average price of $32.17 and a 200 day moving average price of $31.94. Dorchester Minerals, L.P. has a twelve month low of $28.25 and a twelve month high of $35.74.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last released its earnings results on Thursday, February 20th. The energy company reported $0.24 earnings per share for the quarter. The company had revenue of $39.71 million during the quarter. Dorchester Minerals had a return on equity of 36.86% and a net margin of 56.77%.

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Dorchester Minerals Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were paid a $0.7394 dividend. This represents a $2.96 annualized dividend and a dividend yield of 9.80%. The ex-dividend date was Monday, February 3rd. Dorchester Minerals's payout ratio is presently 139.15%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Dorchester Minerals from a "buy" rating to a "hold" rating in a research report on Monday, February 24th.

Hedge Funds Weigh In On Dorchester Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Graney & King LLC purchased a new position in shares of Dorchester Minerals in the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC boosted its stake in shares of Dorchester Minerals by 638.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock valued at $37,000 after buying an additional 952 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Dorchester Minerals by 62.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock valued at $44,000 after buying an additional 556 shares during the period. LGT Financial Advisors LLC purchased a new position in shares of Dorchester Minerals in the 3rd quarter valued at about $166,000. Finally, Virtus ETF Advisers LLC boosted its stake in shares of Dorchester Minerals by 7.5% in the 4th quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock valued at $191,000 after buying an additional 402 shares during the period. 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.