Dorchester Minerals, L.P. (NASDAQ:DMLP) Insider Purchases $10,405.10 in Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) insider Minerals Operating Dorchester acquired 335 shares of Dorchester Minerals stock in a transaction dated Thursday, February 6th. The shares were bought at an average cost of $31.06 per share, for a total transaction of $10,405.10. Following the completion of the purchase, the insider now directly owns 48,017 shares of the company's stock, valued at approximately $1,491,408.02. The trade was a 0.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Minerals Operating Dorchester also recently made the following trade(s):

• On Tuesday, February 4th, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The stock was purchased at an average cost of $30.90 per share, for a total transaction of $200,850.00.
• On Friday, January 31st, Minerals Operating Dorchester bought 7,500 shares of Dorchester Minerals stock. The shares were purchased at an average price of $31.69 per share, with a total value of $237,675.00.
• On Monday, December 30th, Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock. The shares were acquired at an average price of $33.19 per share, for a total transaction of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester acquired 4,000 shares of Dorchester Minerals stock. The stock was acquired at an average price of $32.86 per share, for a total transaction of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The stock was acquired at an average cost of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Trading Up 0.3 %

NASDAQ DMLP traded up $0.09 during trading on Tuesday, hitting $32.05. The company had a trading volume of 127,188 shares, compared to its average volume of 173,308. The company's fifty day moving average is $32.77 and its 200-day moving average is $31.87. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 11.53 and a beta of 1.07. Dorchester Minerals, L.P. has a one year low of $28.41 and a one year high of $35.74.

Dorchester Minerals Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be given a $0.7394 dividend. This represents a $2.96 annualized dividend and a dividend yield of 9.23%. The ex-dividend date of this dividend is Monday, February 3rd. Dorchester Minerals's dividend payout ratio is currently 106.47%.

Institutional Investors Weigh In On Dorchester Minerals

Hedge funds have recently made changes to their positions in the company. HUB Investment Partners LLC purchased a new position in Dorchester Minerals during the fourth quarter valued at $212,000. Horizon Kinetics Asset Management LLC lifted its position in Dorchester Minerals by 1.3% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 908,646 shares of the energy company's stock valued at $30,285,000 after acquiring an additional 11,753 shares during the period. Corient Private Wealth LLC purchased a new position in Dorchester Minerals during the 4th quarter valued at about $219,000. Commonwealth Equity Services LLC grew its holdings in Dorchester Minerals by 9.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,902 shares of the energy company's stock worth $430,000 after purchasing an additional 1,163 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Dorchester Minerals by 137.7% in the fourth quarter. HighTower Advisors LLC now owns 27,375 shares of the energy company's stock worth $912,000 after purchasing an additional 15,860 shares during the period. 19.21% of the stock is currently owned by institutional investors.

Dorchester Minerals Company Profile

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.