Short Interest in Dorchester Minerals, L.P. (NASDAQ:DMLP) Rises By 5.2%

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 395,900 shares, a growth of 5.2% from the December 15th total of 376,300 shares. Approximately 0.9% of the company's shares are sold short. Based on an average daily trading volume, of 107,700 shares, the short-interest ratio is presently 3.7 days.

Insider Activity at Dorchester Minerals

In related news, CFO Leslie A. Moriyama purchased 12,050 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the acquisition, the chief financial officer now directly owns 83,450 shares in the company, valued at $2,871,514.50. This trade represents a 16.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Bradley J. Ehrman acquired 14,430 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $34.41 per share, with a total value of $496,536.30. Following the completion of the acquisition, the chief executive officer now owns 29,622 shares in the company, valued at approximately $1,019,293.02. The trade was a 94.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 41,152 shares of company stock valued at $1,388,552. Company insiders own 7.10% of the company's stock.

Institutional Investors Weigh In On Dorchester Minerals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Dorchester Minerals by 4.7% in the third quarter. Geode Capital Management LLC now owns 24,834 shares of the energy company's stock worth $749,000 after acquiring an additional 1,109 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Dorchester Minerals by 38.4% in the 3rd quarter. HighTower Advisors LLC now owns 11,515 shares of the energy company's stock worth $348,000 after purchasing an additional 3,192 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Dorchester Minerals during the 3rd quarter valued at approximately $300,000. Baker Tilly Wealth Management LLC grew its stake in Dorchester Minerals by 15.4% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 12,084 shares of the energy company's stock worth $403,000 after buying an additional 1,613 shares during the last quarter. Finally, LGT Financial Advisors LLC bought a new stake in Dorchester Minerals in the third quarter valued at $166,000. Institutional investors own 19.21% of the company's stock.

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP traded down $0.51 during trading on Monday, reaching $33.11. 251,464 shares of the stock were exchanged, compared to its average volume of 113,549. Dorchester Minerals has a 12-month low of $28.41 and a 12-month high of $35.74. The firm's 50-day moving average price is $33.30 and its 200 day moving average price is $31.88. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 11.91 and a beta of 1.09.

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

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.