Minerals Operating Dorchester Buys 6,500 Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP) Stock

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) insider Minerals Operating Dorchester bought 6,500 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $30.90 per share, with a total value of $200,850.00. Following the completion of the purchase, the insider now owns 47,682 shares of the company's stock, valued at approximately $1,473,373.80. The trade was a 15.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, February 6th, Minerals Operating Dorchester purchased 335 shares of Dorchester Minerals stock. The stock was purchased at an average price of $31.06 per share, with a total value of $10,405.10.
• On Friday, January 31st, Minerals Operating Dorchester purchased 7,500 shares of Dorchester Minerals stock. The stock was 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 stock was purchased at an average price of $33.19 per share, with a total value of $31,663.26.
• On Thursday, December 26th, Minerals Operating Dorchester purchased 4,000 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.86 per share, with a total value of $131,440.00.
• On Monday, December 23rd, Minerals Operating Dorchester purchased 6,500 shares of Dorchester Minerals stock. The stock was purchased at an average price of $32.21 per share, with a total value of $209,365.00.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP traded down $0.05 during mid-day trading on Friday, hitting $31.34. The stock had a trading volume of 97,714 shares, compared to its average volume of 174,726. Dorchester Minerals, L.P. has a 12-month low of $28.41 and a 12-month high of $35.74. The company has a market cap of $1.48 billion, a PE ratio of 11.27 and a beta of 1.07. The company's 50 day moving average is $32.82 and its 200-day moving average is $31.86.

Dorchester Minerals Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be given a $0.7394 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.44%. Dorchester Minerals's payout ratio is 106.47%.

Institutional Investors Weigh In On Dorchester Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Dorchester Minerals by 62.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock worth $44,000 after purchasing an additional 556 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals in the third quarter worth about $166,000. MADDEN SECURITIES Corp bought a new stake in shares of Dorchester Minerals during the 3rd quarter worth about $223,000. Apollon Wealth Management LLC acquired a new stake in Dorchester Minerals in the 4th quarter worth approximately $228,000. Finally, Atomi Financial Group Inc. lifted its holdings in Dorchester Minerals by 29.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 8,697 shares of the energy company's stock worth $262,000 after purchasing an additional 1,954 shares during the last quarter. Hedge funds and other institutional investors own 19.21% of the company's stock.

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.