Dorchester Minerals, L.P. (NASDAQ:DMLP) Sees Significant Increase in Short Interest

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 478,600 shares, an increase of 13.4% from the October 15th total of 422,200 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,400 shares, the short-interest ratio is currently 7.4 days.

Insider Activity

In related news, CFO Leslie A. Moriyama acquired 3,218 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $32.60 per share, for a total transaction of $104,906.80. Following the completion of the transaction, the chief financial officer now owns 71,400 shares in the company, valued at approximately $2,327,640. This trade represents a 4.72 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.10% of the company's stock.

Hedge Funds Weigh In On Dorchester Minerals

Several institutional investors have recently bought and sold shares of the stock. Freestone Capital Holdings LLC grew its stake in shares of Dorchester Minerals by 182.5% in the 1st quarter. Freestone Capital Holdings LLC now owns 46,619 shares of the energy company's stock worth $1,572,000 after buying an additional 30,119 shares in the last quarter. Magnolia Capital Advisors LLC bought a new position in shares of Dorchester Minerals during the second quarter valued at approximately $482,000. One Charles Private Wealth Services LLC bought a new position in shares of Dorchester Minerals during the third quarter valued at approximately $331,000. Hsbc Holdings PLC bought a new position in shares of Dorchester Minerals during the second quarter valued at approximately $308,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Dorchester Minerals during the third quarter valued at approximately $300,000. 19.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Dorchester Minerals from a "hold" rating to a "buy" rating in a research report on Monday, August 5th.

Dorchester Minerals Trading Up 0.6 %

Shares of NASDAQ:DMLP traded up $0.20 during trading on Monday, reaching $33.29. 47,929 shares of the company traded hands, compared to its average volume of 68,596. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.97 and a beta of 1.09. Dorchester Minerals has a 52-week low of $27.90 and a 52-week high of $35.74. The business's fifty day moving average is $31.55 and its 200-day moving average is $31.32.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last announced its earnings results on Thursday, October 31st. The energy company reported $0.87 EPS for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%. The firm had revenue of $53.47 million for the quarter.

Dorchester Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Monday, October 28th were paid a dividend of $0.996 per share. The ex-dividend date was Monday, October 28th. This is an increase from Dorchester Minerals's previous quarterly dividend of $0.70. This represents a $3.98 dividend on an annualized basis and a dividend yield of 11.97%. Dorchester Minerals's payout ratio is 143.17%.

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.