Short Interest in Dorchester Minerals, L.P. (NASDAQ:DMLP) Declines By 8.8%

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 349,100 shares, a decrease of 8.8% from the January 15th total of 382,900 shares. Based on an average daily volume of 141,200 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.8% of the shares of the stock are sold short.

Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP traded down $0.93 during trading hours on Friday, hitting $31.16. The company's stock had a trading volume of 174,677 shares, compared to its average volume of 165,999. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.21 and a beta of 1.07. The firm's fifty day moving average price is $32.59 and its 200 day moving average price is $31.95. Dorchester Minerals has a 52 week low of $28.41 and a 52 week high of $35.74.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $0.24 EPS for the quarter. The firm had revenue of $39.71 million during the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%.

Dorchester Minerals Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.7394 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.96 dividend on an annualized basis and a yield of 9.49%. Dorchester Minerals's payout ratio is 106.47%.

Insider Activity at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 6,500 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $32.21 per share, with a total value of $209,365.00. Following the purchase, the insider now owns 28,728 shares in the company, valued at approximately $925,328.88. This trade represents a 29.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bradley J. Ehrman purchased 14,430 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $34.41 per share, with a total value of $496,536.30. Following the completion of the purchase, the chief executive officer now owns 29,622 shares in the company, valued at $1,019,293.02. This trade represents a 94.98 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 52,269 shares of company stock valued at $1,732,575 over the last 90 days. 7.10% of the stock is owned by corporate insiders.

Institutional Trading of Dorchester Minerals

Large investors have recently made changes to their positions in the business. Graney & King LLC acquired a new position in Dorchester Minerals during the fourth quarter worth $28,000. Tower Research Capital LLC TRC increased its position in shares of Dorchester Minerals by 638.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the energy company's stock valued at $37,000 after acquiring an additional 952 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Dorchester Minerals by 62.6% during the third quarter. JPMorgan Chase & Co. now owns 1,444 shares of the energy company's stock valued at $44,000 after acquiring an additional 556 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in shares of Dorchester Minerals during the third quarter valued at about $166,000. Finally, Virtus ETF Advisers LLC grew its holdings in shares of Dorchester Minerals by 7.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 5,729 shares of the energy company's stock valued at $191,000 after purchasing an additional 402 shares in the last quarter. 19.21% of the stock is owned by hedge funds and other institutional investors.

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.